2 years ago

Angie's car is valued at $22,000, and she owes $20,000 on it. What is her current equity?

Mathematics

2 answers:

amid [387]2 years ago

6 0

Answer: 2,000

Step-by-step explanation: 22,000 - 20,000 = 2,000

Angie’s current equity on her car is 2,000

vagabundo [1.1K]2 years ago

3 0

Answer:

$\$2,000$

Step-by-step explanation:

Equity is defined by difference between total value of the asset and total liabilities.

Value of Angie's car is $\$22,000$ and she owes $\$20,000$ which means:

Total value of asset (car) = $\$22,000$

Total liability = $\$22,000$

∴ Equity = $22000 - 20000 = 2000$

Hence Angie's current equity is $\$2,000$

You might be interested in

Sofia is buying new skis. She finds that the average price of skis is $500 but the actual price could differ from the average as

prisoha [69]

The equation that best represent the actual prices of the skis is,
I x - 500 I ≥ 250
Solving the absolute value equation,
x ≤ 750 and x ≥ 250
Thus, the prices of the skis ranges from 250 to 750.

5 0

3 years ago

Using the total cost for Ashley's phone plan in the previous question, Calculate the total cost if she talked for 500 minutes an

andreyandreev [35.5K]

What was the total cost

6 0

2 years ago

The percent decrease in the price of bottled water

Rzqust [24]

20% discount I’m pretty sure

5 0

3 years ago

HELP ME !

Aloiza [94]

Answer:

Step-by-step explanation:

8 muffins=1 cup of flour.

8 muffins × 5 cups = 40

3 0

2 years ago

One evening, 2/3 of Mrs. Thorne's, students watched a reality television show. Mrs. Lombardo's students, 4/5 watched the same re

attashe74 [19]

Mrs.Lombardo.<span>if you do the math out, 4/5 and 2/3 give you an LCD (Least Common Denominator) of 15, so this means 4/5 = 12/15, and 2/3 = 10/15. 4/5 is greater than 2/3. </span>

6 0

2 years ago