Jim had $5$ two-dollar notes and $7$ fifty-cent coins. He bought a file for $$$11.95$$. Now, he wants to find out how much money he has left. Below are his workings.  $5 \times$ $$$2$$ = $$$10$$  $7 \times$ $$50$$¢ = $$$350$$  $$$350$$ + $$$10$$=$$$360$$  $$$360$$ - $$$1.95$$ = $$$165$$  He concludes that he has $$$165$$ left. Is Jim correct? If not, circle out his errors and find the correct answer. 
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