Molly has $500 in her savings account. She owes her parents $100 for a new outfit. She also owes her brother $25. What is her cu

Question

3 years ago

6

rrent net worth?

1 answer:

Inessa [10] · Answer 1 · 2021-11-19T23:48:49+03:00

Answer: His net worth is $375

Step-by-step explanation:

Since, Net worth = Total assets - total liabilities

And, here the total assets of Molly = the money she has in her saving account

= $500

Also, according to the question,

She owes her parents $100 and her brother $25.

Therefore, total liability of her = 100 + 25 = $125

Thus, Her net worth= 500 - 125 = $375