lizabeth rents an apartment and her rent is $1,000 a month. she owns a car that is worth $14,700 and has a savings account of $4,750. her credit card balance is $825. what is her net worth?

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quicksilver2072 quicksilver2072

04-11-2022
Business

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lizabeth rents an apartment and her rent is $1,000 a month. she owns a car that is worth $14,700 and has a savings account of $4,750. her credit card balance is $825. what is her net worth?

Answer :

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-11-07T13:55:27-05:00

If lizabeth rents an apartment and her rent is $1,000 a month. she owns a car that is worth $14,700 and has a savings account of $4,750. her credit card balance is $825. Her net worth is: $17,625.

What is the net worth?

Using this formula to determine the net worth

Net worth = Car worth + Savings account - Cost of rent - Credit card balance

Let plug in the formula

Net worth = $14,700 + $4,750 - $1,000 - $825

Net worth = $17,625

Therefore the amount of net worth is $17,625.

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