Question

Shantels net worth is 5,480.80 dollars.Her liabilities are 3,260.60.If she increases her assets by 10% and decreases her liabilities by 10%, what is her net work ​

Answer 1

• 6681.00

Explanation:

Given

• Net worth = 5480.80
• Liabilities = 3260.60

Assets = Liabilities + Net worth

Assets = 5480.80 + 3260.60 = 8741.40

If assets increase by 10% and liabilities decrease by 10%, then net worth is:

• (8741.40 + 10%) - (3260.60 - 10%) =
• 8741.40*1.1 - 3260.60*0.9 =
• 6681.00