Mr black owns a car valued at 2 million dollars. He has a bank loan of 3 million dollars. He recently bought a half acre property that is said to be worth 3.5 million dollars on the real estate market. If we take into account his credit card account on which he owes 300,000, can we work out an estimate of his net worth?
How much money does he have if we should take into account his car and property?
What is his total debt?
What ie the sum total of the money he has and the money he owes?