11. the table shows peters net worth statement. assets are shown as positive numbers, and liabilities are…

11. the table shows peters net worth statement. assets are shown as positive numbers, and liabilities are shown as negative numbers. the value of peters house is not given. net worth statement item value house (current value) checking account $900 credit - card debt -$3,400 automobile (current value) $16,900 student loans -$16,300 investments $4,500 savings account $1,200 peters net worth is $101,800. based on the information in the table, what

11. the table shows peters net worth statement. assets are shown as positive numbers, and liabilities are shown as negative numbers. the value of peters house is not given. net worth statement item value house (current value) checking account $900 credit - card debt -$3,400 automobile (current value) $16,900 student loans -$16,300 investments $4,500 savings account $1,200 peters net worth is $101,800. based on the information in the table, what

Answer

Explanation:

Step1: Sum up known assets and liabilities

Let the value of the house be $x$. The sum of known assets is $900 + 16900+4500 + 1200=23500$. The sum of known liabilities is $3400 + 16300 = 19700$.

Step2: Set up net - worth equation

Net - worth is calculated as total assets minus total liabilities. So, $101800=x + 23500-19700$.

Step3: Solve for $x$

First, simplify the right - hand side of the equation: $x+23500 - 19700=x + 3800$. Then, we have the equation $101800=x + 3800$. Subtract 3800 from both sides: $x=101800 - 3800=98000$.

Answer:

$98000$