Question

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 current net worth?

Answer 1

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