Question

Camila owns a car worth $5,900 and owes $2,800 on the car loan. She has $1,600 in her bank account and $5,210 in a savings account. She has a balance of $1,400 on her credit card. What is her net worth?

Answer 1

Answer:

$Net\ Worth=11310$

Step-by-step explanation:

From the question we are told that:

Car worth $C=5900$

Car Loan$L=2800$

Bank account $B= 1600\%$

Savings account $S=5210\&$

Credit card $CC=1400\%$

Generally Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe.

Therefore

$Net\ Worth=Asset-Liability\\\\Net\ Worth=Car worth+Bank account+Savings account +Credit card-Car Loan\\\\Net\ Worth=5900+1600+5210+1400-2800$

$Net\ Worth=11310$

Answer 2

Answer:

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Step-by-step explanation: