Question

Camila owns a car worth $5,900 and owes $2,800 on the car loan. She has $1,600 in her bank account and $5,210 in a savings account. She has a balance of $1,400 on her credit card. What is her net worth?

Answer 1

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Explanation:

Answer 2

`Net\ Worth=11310`

Explanation:

From the question we are told that:

Car worth
`C=5900\$`

Car Loan
`L=2800\$`

Bank account
`B= 1600\%`

Savings account
`S=5210\&`

Credit card
`CC=1400\%`

Generally Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe.

Therefore

`Net\ Worth=Asset-Liability\\\\Net\ Worth=Car worth+Bank account+Savings account +Credit card-Car Loan\\\\Net\ Worth=5900+1600+5210+1400-2800`

`Net\ Worth=11310`