Question

Shantel's net worth is $5,480.80. Her liabilities are $3,260.60. If she increases her assets by 10%, what is her net worth?

Answer 1

To determine Shantel's new net worth after increasing her assets by 10%, add the increase in assets to her current net worth.

Step-by-step explanation:

Mathematics | High School

To determine Shantel's new net worth after increasing her assets by 10%, we can use the formula:

New Net Worth = Current Net Worth + (Increase in Assets)

First, we need to calculate the increase in assets: 10% of Shantel's current net worth. That would be 0.10 x $5,480.80 = $548.08.

Now we can calculate her new net worth: $5,480.80 + $548.08 = $6,028.88.