Net Worth Word Problems

The Sanderson's own a house for 180k and a car for 5k. They still need to pay 113k in mortgage with a credit card debt of 10k.

What is their net worth?

• 85k

• 62k

• 23k

• 475k

Tags

CCSS.7.EE.B.3

Michael owns a house worth $180,000 and owes a mortgage of $80,000.

What's his net worth?

• 80,000

• 100,000

• 52,000

• 63,000

Tags

CCSS.7.NS.A.1C

Harvey owes 32,000 in student loans. He has 1,300 in his saving account. He has a car worth 6,800 with a 1,000 credit card debt.

Add all assets.

• 4865

• 6598

• 8100

• 7856

Tags

CCSS.7.EE.B.3

Harvey owes 32,000 in student loans. He has 1,300 in his saving account. He has a car worth 6,800 with a 1,000 credit card debt.

Add all liabilities.

• 45,000

• 33,000

• 98,000

• 65,000

Tags

CCSS.7.NS.A.1C

Harvey owes 32,000 in student loans. He has 1,300 in his saving account. He has a car worth 6,800 with a 1,000 credit card debt.

Find his net worth.

• -24900

• -63456

• 56324

• -56324

Tags

CCSS.7.NS.A.3

Which of the following isn't a liability?

• mortgage

• savings

• rent

• loan

Which of the following isn't a asset?

• a house you own

• a car you own

• rent

• savings

Net worth is when you __________ asset and liabilities.

• add

• subtract

• multiply

• divide

Tags

CCSS.7.NS.A.1B