Question

Tammy owns a laptop computer she paid $1,200 for about two years ago. Today, she

Answer 1

Answer:

$Net\ Worth = \ 2800$

Step-by-step explanation:

Net worth is calculated using;

$Net\ Worth = Assets - Debts$

In this question, we have:

$Laptop = \ 1200$ --- 2 years ago

$Laptop = \ 700$ --- presently

$Car = \ 2900$

$Debt = \ 800$

Only the current worth of the laptop will be considered;

So, we have:

$Assets = Laptop + Car$

$Assets = \ 700 + \ 2900$

$Assets = \ 3600$

$Net\ Worth = Assets - Debts$

$Net\ Worth = \ 3600 - \ 800$

$Net\ Worth = \ 2800$