8. Quinn lives in a house with a value of $235,000.
She has a mortgage of $170,000. She owes $5,900
on her car, which is valued at $17,900. She has a
credit card balance of $823. Quinn also has $1,200
in a bank account. What is Quinn’s net worth?
A $76,177
B $77,377
C $82,900
D $84,100
I think it's C
Quinn's net worth is not correct... yet...
You need to find out how much she has paid off on her house. Then add it to what she has paid off on her car. Take away the balance from her credit card. Then add the amount in her savings account.
Trish and her rug and flower purchase is not correct... yet..
You need to figure it out one of two ways...
Method 1: multiply both values by their discount, then take the discount off of each item, then add the remaining values up.
or
Method 2: since it is 5% off for the flowers... that means you pay 95% of the flower amount... thus .95x$25 and
you get 10% off the rug, so you pay 90% of the rugs value
.90x$48
then you add those two answers up : )
(.95x$25) + (.90x$48)
Agnes and her simple interest account is not correct... yet.
Her interest is 500x0.02x6 which equals $60, thus she has her original $500 plus the interest...
thx Ms Pi_3.14159265358979 helped a lot
To determine Quinn's net worth, you need to calculate the total value of her assets (what she owns) and subtract the total value of her liabilities (what she owes).
Assets:
- House value: $235,000
- Car value: $17,900
- Bank account balance: $1,200
Total assets = $235,000 + $17,900 + $1,200 = $254,100
Liabilities:
- Mortgage: $170,000
- Car loan: $5,900
- Credit card balance: $823
Total liabilities = $170,000 + $5,900 + $823 = $176,723
Net worth = Total assets - Total liabilities = $254,100 - $176,723 = $77,377
Therefore, Quinn's net worth is $77,377. Your answer is B.
9 Trisha bought a flower vase that costs $25 and a
rug that costs $48, not including tax. She received
a 5% discount on the cost of the flower vase and a
10% discount on the cost of the rug.
What is the cost for both items that Trisha bought
after the discount, not including tax?
A $62.05
B $66.95
C $68.10
D $79.05
I think it's D
10 Agnes put $500 into an account that earns 2%
simple annual interest. How much money will she
have in the account after 6 years if she makes no
withdrawals or deposits?
A $60
B $560
C $1,100
D $6,500
I think it's C