Question

Molly has $500 in her savings account. She owes her parents $100 for a new outfit. She also owes her brother $25. What is her current net worth?

Answer 1

$375 :)

Explanation:

Answer 2

Answer: His net worth is $375

Explanation:

Since, Net worth = Total assets - total liabilities

And, here the total assets of Molly = the money she has in her saving account

= $500

Also, according to the question,

She owes her parents $100 and her brother $25.

Therefore, total liability of her = 100 + 25 = $125

Thus, Her net worth= 500 - 125 = $375