question 4 (5 points) james needs to buy textbooks; he is going to buy them online but doesnt know if he has…

question 4 (5 points) james needs to buy textbooks; he is going to buy them online but doesnt know if he has enough money in his account to buy all four books. when he checks his online bank balance, it shows he has $433.00. he hasnt deposited his last paycheck of $475.00; he deposits his check at the bank. he just wrote his rent check for $625.00, and his text books are going to cost $104.00 each. how much does he have available to spend on textbooks? $338.00 $283.00 $205.00 $316.00

question 4 (5 points) james needs to buy textbooks; he is going to buy them online but doesnt know if he has enough money in his account to buy all four books. when he checks his online bank balance, it shows he has $433.00. he hasnt deposited his last paycheck of $475.00; he deposits his check at the bank. he just wrote his rent check for $625.00, and his text books are going to cost $104.00 each. how much does he have available to spend on textbooks? $338.00 $283.00 $205.00 $316.00

Answer

Explanation:

Step1: Calculate total cost of textbooks

The cost of each textbook is $104.00 and he wants to buy 4. So the total cost of textbooks is $104\times4 = 416$.

Step2: Calculate current available balance

His initial balance is $433.00, he deposited $475.00 and wrote a rent - check for $625.00. First, find the balance after deposit: $433 + 475=908$. Then, find the balance after writing the rent - check: $908−625 = 283$.

Answer:

$283.00$