Question

Samantha has the following assets and liabilities. What is her net worth?

O $2,820
O $28,200
$6,020
O $8,220
Assets
car - $4,200
savings account - $200
cash - $20
Liabilities
car loan - $1,500
credit card $100

Answer 1

$2,820
Total assets is $4200+$200+$20 = $4420
Total liabilities is $1500+$100=$1600
$4420-$1600 = $2820