1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rina8888 [55]
2 years ago
12

Gale owns a car that is worth $9,500 but she still owes $7,400 on the car loan. She has a student loan in the amount of $6,000 a

nd she has a savings account with a balance of $1500. The balance on her credit card is $3200. What is her net worth?
Mathematics
1 answer:
PIT_PIT [208]2 years ago
6 0

Answer:

$8000

Step-by-step explanation:

Given: Car worth = $9,500, car loan = $7,400. Student loan = $6,000, savings account = $1500. The balance on her credit card is $3200.

Formula: Total Assets - Total Liabilities - Intangible Assets = Tangible Net Worth.

To find: Gale's net worth

Solution: You can calculate your net worth by subtracting your liabilities (debts) from your assets.

Firstly, calculate the total amount of assets by adding them together;

Total assets = Car worth + car loan + Student loan + savings account + balance on her credit card =

$9,500 + $7,400 + $6,000 + $3200 =$26,100

Secondly, calculate the Liabilties by adding them together;

Car loan + Student loan =

$7,400 + $6,000 = $13,400

Then, calculate the Intangible Assets by adding them together;

Savings account +  The balance on her credit card =

$1500 + $3200 = $4700

Finally substact the total amounts;

$26,100 - $13,400 - $4700 = $8000

<em />

<em>(Note:- If your assets exceed your liabilities, you will have a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth.)</em>

You might be interested in
Of regular movie goers, 40% watch romantic movies, 60% watch action movies, and 24% watch both types. Are watching romantic movi
Scilla [17]

Answer:

depend on watching action movies

Step-by-step explanation:

because most watch action

8 0
3 years ago
Find the product. 3(m n)
Mkey [24]
<span>product. 3(m n) = 3mn</span>
5 0
2 years ago
Complete the table and graph the coordinates pls sumone just tell me what to put in the table bc i ik how to do the graph brainl
denis23 [38]

Answer:

tbh what grade is this

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
IM GIVING BRAINLIEST!
Mariana [72]
Sorry i don’t know the answer but i’m new to this app, and was wondering what brainliest is?:)
6 0
3 years ago
What's the slope of the line passing through the points -1, 8 - 7, 3​
tatuchka [14]

Answer:

slope = 5/6

Step-by-step explanation:

Since you were given two points, you can use the point-slope formula to find the slope. The general equation looks like this:

y₁ - y₂ = m(x₁ - x₂)

In this formula, "m" represents the slope. To find the slope, plug the values from the two points into the equation. Make sure to put the values from the same point in the variable with the same number.

Point 1: (-1, 8)

Point 2: (-7, 3)

y₁ - y₂ = m(x₁ - x₂)                          <----- Original formula

8 - y₂ = m(-1 - x₂)                           <----- Plug in "x" and "y" values from Point 1

8 - 3 = m(-1 - (-7))                           <----- Plug in "x" and "y" values from Point 2

5 = m(-1 - (-7))                                <----- Simplify left side

5 = m(6)                                        <----- Simplify inside parentheses

5/6 = m                                       <----- Divide both sides by 6

5 0
1 year ago
Other questions:
  • The functions q and r are defined as follows.
    7·1 answer
  • Kimberly arranges 18 markers as a array. Draw an array that kimberly might make. Then write a multiplication equation to describ
    9·2 answers
  • Tony believes that the more time he spends at the record store, the more money he tends to spend. To see if he is correct, he ke
    13·1 answer
  • The total length of a vehicle is 205.83 inches. What is the length of the vehicle rounded to the nearest whole number?
    10·1 answer
  • How do we figure this out
    15·1 answer
  • What is the constant of proportionality for the table? What does it represent? Reminder: k= y/x
    15·1 answer
  • A diagram of a swimming
    7·1 answer
  • The figure is made up of a semicircle and a triangle. Find the perimeter. Round your answer to the nearest hundredth. 25 ft 7 ft
    9·1 answer
  • HELP ME AND ILL GIVE U BRAINLIST I PROMISE BUT ITS ONLY IF U GET IT RIGHT
    9·2 answers
  • The cost of 5 scarves is 73.75. what is the unit price
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!