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Samantha has the following assets and liabilities. What is her net worth? Assets car - $4,200 savings account - $200 cash - $20 Liabilities car loan - $1,500 credit card - $100<…

Samantha has the following assets and liabilities. What is her net worth? Assets car - $4,200 savings account - $200 cash - $20 Liabilities car loan - $1,500 credit card - $100<…
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18 votes
Samantha has the following assets and liabilities. What is her net worth?

Assets
car - $4,200
savings account - $200
cash - $20
Liabilities
car loan - $1,500
credit card - $100

asked
User Gopinath
by
7.6k points

1 Answer

2 votes
Net worth = Assets - liabilities

$4,200 + $200 + $20 - $1,500 + $100
$4,820 - $1,600
= $3,220

Net worth = $3,220
answered
User Quacy
by
8.4k points
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