Question

The table shows Peter's net worth statement. Assets are shown as positive numbers, and liabilities are shown as negative numbers. The value of Peter's house is not given. Peter's net worth is $101,800. Based on the information in the table, what is the current value of Peter's house?

Answer 1

Answer:

Value of House = $98000

Step-by-step explanation:

The sum of all of the assets and liabilities + value of the house =  $101,800

Value of House + $900 - $3400 + $16900 - $16300 + $4500 + $1200 = $101,800

=> Value of House + $3800 = $101,800

=> Value of House = $101,800 - $3800

=> Value of House = $98000