Answer:
Paul has negative worth of $2,900
His statement is invalid as he did not consider all assets and debts in aggregate.
Step-by-step explanation:
The net worth of Paul is the total asset owned by him less the total of debts owed by him.
Paul's total assets can computed thus:
Stock portfolio $21,000
Home worth $365,000
Car worth $19,000
Total assets $405,000
Paul's total debts can be computed as follows:
Mortgage loan $362,000
Car loan $16,250
credit card debt $11,750
Student loan $17,900
Total debts $407,900
The amount of debts owed by Paul is $2,900($405,000-$407,900) more than his asset worth,which implies that Paul is indebted to the tune of $2,900,hence has negative worth.
Subtract L from both sides.
the expression now becomes,
<span>S−L=−rL</span>
2)Divide by L on both sides.
<span><span><span>S−L</span>L</span>=−r</span>
3)Multiply with a negative sign on both sides in the final step to obtain the expression in terms of r so the answer is<span> #(L-S)/L = r#</span>
Answer:
2
Step-by-step explanation:
12-2= m(2+3)
m= 10/5=2
Answer:
53/243
Step-by-step explanation:
there you go!
Answer:
3/6, 2/6.
Step-by-step explanation:
The lowest common denominator of 2 and 3 is 6.
1/2 = 3/6 and 1/3 = 2/6
So this pair of fractions is 3/6, 2/6.
