Barbara had $123.54 in her checking account. she made a deposit of $45.62. when she went shopping later that day, she saw a coat she really wanted. it was on sale for 40% off the original price of $240. Assuming that she bought nothing else that day, does she have enough money in her checking account to pay for the coat?
is 123.54 + 45.62 more than 240*0.6?
To determine if Barbara has enough money in her checking account to pay for the coat, we need to calculate her current balance after the deposit and then see if it is greater than or equal to the discounted price of the coat.
First, let's calculate Barbara's balance after the deposit:
Current balance = Initial balance + Deposit amount
Current balance = $123.54 + $45.62
Current balance = $169.16
Next, let's calculate the discounted price of the coat:
Discounted price = Original price - (Original price * Discount rate)
Discounted price = $240 - ($240 * 0.40)
Discounted price = $240 - $96
Discounted price = $144
Finally, let's compare Barbara's current balance with the discounted price of the coat:
Is current balance >= Discounted price?
Is $169.16 >= $144?
Yes, Barbara has enough money in her checking account to pay for the coat since $169.16 is greater than $144.