Question

Sam is a chef. he has a savings account of $500 and a car worth $7,569. he owes $450.23 on his new stereo. calculate sam's net worth.

Answer 1

500+7569-450.23=7618.77

Answer 2

$7,618.77.

Explanation:

We have been given that Sam has a savings account of $500 and a car worth $7,569. he owes $450.23 on his new stereo. We are asked to find Sam's net worth.

`\text{Net worth}=\text{Assets}-\text{Liabilities}`

`\text{Sam's net worth}=(\$500+\$7,569)-\$450.23`

`\text{Sam's net worth}=\$8,069-\$450.23`

`\text{Sam's net worth}=\$7,618.77`

Therefore, Sam's net worth is $7,618.77.