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29 May, 08:57

Molly has $500 in her savings account. She owes her parents $100 for a new outfit. She also owes her brother $25. What is her current net worth?

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  1. 29 May, 09:17
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    Answer: His net worth is $375

    Step-by-step explanation:

    Since, Net worth = Total assets - total liabilities

    And, here the total assets of Molly = the money she has in her saving account

    = $500

    Also, according to the question,

    She owes her parents $100 and her brother $25.

    Therefore, total liability of her = 100 + 25 = $125

    Thus, Her net worth = 500 - 125 = $375
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