Question

Theresa owes %249%2C000 on her car loan. If the value of her car is %2415%2C000%2C what is her equity in the car%3F

Answer 1

The answer is "
`\$6,000`".

Step-by-step explanation:

Please find the complete question in the attached file.

We take her automobile value
`(\$15,000)` to reach this result and reduce it
`(\$15,000 - \$9,000)`. That's a
`\$6,000` equity, that's why Theresa has a capital of
`\$6,000`.