Question

HELP ME PLSSSS!!! The Parker's family owns a house , but have only paid $200,000 of the $500,000 total cost? They also have 2 cars. One car is paid off and worth $20,000. The other car they bought for $30,000 and have paid $15,000 towards. Other assets they have total $100,000. What is the family net worth?

Answer 1

Answer:

335,000 is the Parker family's NET WORTH

Step-by-step explanation:

The car they own is 20,000; then they  have paid $200,000 of the $500,000; then on the other car 15,000 of the 30,000; and the other assets (things they own) are worth 100,000. It all adds up to 335,000

SOO:

20,000 + 200,00 + 15,000 + 100,000 = 335,000$

Answer 2

Net worth is what is owned minus what is owed.

WHAT THE OWN
- $200,000
-$20,000
-$15,000
-$100,000

TOTAL IS $335,000

OWED
-$300,000
-$15,000

TOTAL IS $315,00

owned - owed
= 335,000 - 315,000
=$20,000

the families net worth is $20,000

- i really hope this helps!