BunnyBee2198 BunnyBee2198
  • 11-06-2017
  • Mathematics
contestada

Sam is a chef. he has a savings account of $500 and a car worth $7,569. he owes $450.23 on his new stereo. calculate sam's net worth.

Respuesta :

victoriafreeman19 victoriafreeman19
  • 11-06-2017
500+7569-450.23=7618.77
Answer Link
ApusApus ApusApus
  • 29-06-2019

Answer:

$7,618.77.

Step-by-step explanation:

We have been given that Sam has a savings account of $500 and a car worth $7,569. he owes $450.23 on his new stereo. We are asked to find Sam's net worth.

[tex]\text{Net worth}=\text{Assets}-\text{Liabilities}[/tex]

[tex]\text{Sam's net worth}=(\$500+\$7,569)-\$450.23[/tex]

[tex]\text{Sam's net worth}=\$8,069-\$450.23[/tex]

[tex]\text{Sam's net worth}=\$7,618.77[/tex]

Therefore, Sam's net worth is $7,618.77.

Answer Link

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