Question

James deposited $1,250 into his checking account. he then wrote 5 checks valuing $240, $560, $200, $75, and $180.

Answer 1

James deposited $1,250 into his checking account and wrote checks totaling $1,255, resulting in an overdraft of $5.

Step-by-step explanation:

The student asked about the result of James depositing $1,250 into his checking account and then writing 5 checks for various amounts. To answer this, we calculate the total amount of the checks written by James and then subtract this total from his initial deposit to find the balance in his checking account. Firstly, we sum up the values of the checks: $240 + $560 + $200 + $75 + $180 = $1,255. Next, we subtract the total amount of the checks from James's initial deposit: $1,250 - $1,255 = -$5. This means that James's account would be overdrawn by $5, indicating he wrote checks for more than his account balance.