QUESTION IMAGE
Question
the table shows brittney’s net worth statement. some information is missing. what is brittney’s net worth? enter your answer in the box. net worth statement | assets | value | checking | $2,350 | house | | savings | $4,750 | total assets | $115,100 | liabilities | | credit card | $5,650 | student loans | $14,750 | personal loans | $900 | total liabilities | $21,300
Step1: Recall Net Worth Formula
Net worth is calculated as Total Assets minus Total Liabilities, i.e., \( \text{Net Worth} = \text{Total Assets} - \text{Total Liabilities} \).
Step2: Substitute Values
We know Total Assets is $115,100 and Total Liabilities is $21,300. So we calculate \( 115100 - 21300 \).
Step3: Perform Subtraction
\( 115100 - 21300 = 93800 \).
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
93800