scoring method correct/incorrect score you earned 0/1 data analysis and personal financial literacy 7.1…

scoring method correct/incorrect score you earned 0/1 data analysis and personal financial literacy 7.1 create and organize a financial assets and liabilities record and construct a net worth statement; real estate $37,425 student loans -$1,700 investments $4,600 avery’s net worth is $53,755. based on the information in the table, what is the current value of avery’s car?

scoring method correct/incorrect score you earned 0/1 data analysis and personal financial literacy 7.1 create and organize a financial assets and liabilities record and construct a net worth statement; real estate $37,425 student loans -$1,700 investments $4,600 avery’s net worth is $53,755. based on the information in the table, what is the current value of avery’s car?

Answer

Explanation:

Step1: Recall net - worth formula

Net worth = Total assets - Total liabilities. Total assets include real - estate, investments and the value of the car (let's call the value of the car $x$). Total liabilities is the student loan amount.

Step2: Set up the equation

$53755=(37425 + x+4600)-1700$.

Step3: Simplify the right - hand side of the equation

First, simplify the expression in the parentheses: $37425 + 4600=42025$. So the equation becomes $53755=(42025 + x)-1700$. Then, remove the parentheses: $53755 = 42025+x - 1700$. Combine like terms: $42025-1700 = 40325$, so the equation is $53755=40325 + x$.

Step4: Solve for $x$

Subtract 40325 from both sides of the equation: $x=53755 - 40325$. $x = 13430$.

Answer:

$13430$