To find the current value of Avery's car, we add up all the values on the net worth statement:
$3,900 (Bank Accounts) + $X (Car) - $2,950 (Credit card debt) + $37,425 (Real estate) - $1,700 (Student loans) + $4,600 (Investments) = $53,755 (Avery's net worth)
Now we can solve for the value of Avery's car:
$3,900 + $X - $2,950 + $37,425 - $1,700 + $4,600 = $53,755
$41,275 + $X = $53,755
$X = $53,755 - $41,275
$X = $12,480
Therefore, the current value of Avery's car is $12,480. So the correct answer is $12,480.
12.
The table shows Avery’s net worth statement.
Net Worth Statement
Item Value
Bank Accounts $3,900
Car (current value) ?
Credit card debt
–$2,950
Real estate $37,425
Student loans –$1,700
Investments $4,600
Avery’s net worth is $53,755. Based on the information in the table, what is the current value of Avery’s car?
$13,580
$12,480
$7,830
$3,180
1 answer
1 answer