Question

Four friends are looking at their bank accounts .Sophia has a debt of 54.98 lilly has a positive balance of 39.56 Norman owes 32.00 to the bank Christopher has a positive balance of 116

Answer 1

This question pertains to mathematically analyzing the bank account balances of four friends to understand their financial situations by distinguishing between debts and positive balances.

Step-by-step explanation:

The question involves analyzing the financial situations of four friends in relation to their bank accounts. We can approach this as a basic mathematics problem where we define negative balances as debt and positive balances as the amount of money the individuals have.

Bank Account Balances:

Sophia: Debt of $54.98

Lilly: Positive balance of $39.56

Norman: Debt of $32.00

Christopher: Positive balance of $116.00

Understanding Net Worth:

To understand the overall financial status, we can consider the net worth of each individual. Net worth is calculated as the difference between what you own (assets) and what you owe (liabilities). Sophia and Norman have negative net worths due to their debts, while Lilly and Christopher have positive net worths.

Answer 2

Okay, let's break this down step-by-step:

Sophia has a debt of 54.98

Lilly has a positive balance of 39.56

Norman owes 32.00 to the bank

Christopher has a positive balance of 116

So:

Sophia's balance: -54.98

Lilly's balance: 39.56

Norman's balance: -32

Christopher's balance: 116

To get the total balance of the 4 friends:

-54.98 + 39.56 - 32 + 116 = 79.58

So the total balance of the 4 friends is 79.58

Did I understand and solve this correctly? Let me know if you need any clarification.