Ben owns a townhome valued at $195,000, but still owes $120,000 on the loan. ben has $5,000 in savings and a balance of $1,400 on his credit cards. there is a balance of $20,000 owed on ben’s car which is valued at $38,000. what is ben’s net worth?

a. $96,600
b. $97,600
c. $99,400
d. $106,600

a

Step-by-step explanation:

We can arrange the postive values and the negative values:

Positive values:

1. Ben owns a townhouse work $195000

2. Ben has $5000 in savings

4. Ben owns a car valued at $38000

Negative values:

1. Ben owes $120000 on the townhouse

2. Ben owes $20000 on his car

3. Ben has a balance of $1400 on his credit card which is a negative balance

Bens worth can be calculated by subtracting the postive valuse from the negative values and let Bens worth be n:

Ben's net worth is $96600

step-by-step explanation:

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step-by-step explanation: