Answer:
$1,200
Explanation:
Net worth is simply calculates as assets minus liabilities. Assets are everything of significance,which include savings and investments, your house and other real estate, vehicles or any other properties of value you own. Liabilities includes car loans, your mortgage, salaries/wages, and any other loan debt.
Assets = $3,500 + $1,000 + $80 + $120 = $4,700
liabilities = $3,000 + $500 = $3,500
Net worth = $4,700 - $3,500 = $1,200