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1 vote
Jen's total assets are $6,964. Her liabilities are $1,670 in credit card debt and $3,642 for a student loan. What is her net worth?

Responses

$1,652
$1,652

$6,964
$6,964

$5,312
$5,312

$12,276
$12,276

User John Ament
by
7.4k points

1 Answer

0 votes

Answer: $1,652.

Explanation:

To calculate Jen's net worth, we need to subtract her liabilities from her total assets:

Net worth = Total assets - Liabilities

In this case, Jen's total assets are $6,964, and her liabilities are $1,670 for credit card debt and $3,642 for a student loan. So:

Net worth = $6,964 - $1,670 - $3,642

Net worth = $1,652

Therefore, Jen's net worth is $1,652. Answer: $1,652.

User KingsInnerSoul
by
7.1k points