Question

Lisa has the following assets and liabilities. What is her net worth?

Answer 1

Net worth= assets-liability
NW=(3,500+1,000+80+120)−(3,000+500)
Nw=1,200

Answer 2

Answer:

Lisa has a net worth of $1200.

Step-by-step explanation:

Net worth of a person is defined as his total assets minus total liabilities. Assets are his personal things that he owns and liabilities are to be paid off.

Assets here are : car, saving account, cash and video camera.

Liabilities are : car loan and credit card

So, total assets will be = $3500+1000+80+120=4700$

Total liabilities are = $3000+500=3500$

So, net worth will be = $4700-3500=1200$

Hence, Lisa has a net worth of $1200.