Answer:
Option D is the correct choice i.e. $500.
Step-by-step explanation:
Given the bank balance is 2,000 dollars.
Given the Car's worth is 9,000 dollars.
His Total assets = Bank balance + Car's worth.
Total Assets = 2000 + 9000 = 11,000 dollars.
Given the student loan is 10,000 dollars.
Given the credit card bill is 500 dollars.
His total liability = Student loan + Credit card bill.
Total Liability = 10,000 + 500 = 10,500 dollars.
We know Net worth = Total Assets - Total Liability
Net worth = 11,000 - 10,500 = 500 dollars.
Hence, option D ic correct, i.e. 500 dollars.
Answer:
$10,500
Step-by-step explanation:
your answer choices are wrong. LOL.
The answer is $10,500 because that is his CURRENT debt. It does not matter how much money he has in the bank or how much his car is worth... those are called assets . Assets don't pay your debts HAHA.
Im a math teacher and just taught this to my students and the correct answer was $10,500 (on plato)
9,000 + 2,000 = 11,000 ... good for you on having some assets. you STILL owe your student loans and credit card bill worth $10,500 hahaha
