Answer:
Jeremy Will have more than just $200 to spend on Christmas presents.
Explanation :
He has a total of $1200.
He spends a $120 for car insurance. (1)
He needs to spend $25 a week for lunch. He has to do this for 16 weeks so 25*16 = $400. (2)
He needs to spend $20 a week for entertainment. For 16 weeks that'll be 20*16 = $320 (3)
adding (1) (2) and (3)
We get Jeremy's total spending will be $840. Jeremy has $1200.
1200-840 = $360
So Jeremy will have $360 to spend on Christmas present.