Question 30 • Mathematics for Data and Financial Literacy
What will happen to Idy’s net worth if she buys a new $15,000 car using a $10,000 loan and $5,000 from her savings, while selling her old car for $8,000 ? Formula: net worth = assets - liabilities
Answer
A
Her net worth will increase by 5 dollars comma 000.
B
Her net worth will decrease by 10 dollars comma 000.
C
Her net worth will decrease by 5 dollars comma 000.