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Patrick has assets that total [tex]\[tex]$9{,}500[/tex]. His liabilities total [tex]\$[/tex]1{,}900[/tex]. Which expression will find Patrick's net worth?

A. [tex]\[tex]$9{,}500 + \$[/tex]1{,}900[/tex]
B. [tex]\[tex]$1{,}900 - \$[/tex]9{,}500[/tex]
C. [tex]\[tex]$1{,}900 + \$[/tex]9{,}500[/tex]
D. [tex]\[tex]$9{,}500 - \$[/tex]1{,}900[/tex]



Answer :

GinnyAnswer
To determine Patrick's net worth, we need to know the basic concept that net worth is calculated by subtracting total liabilities from total assets.

Patrick's total assets are [tex]$9,500$[/tex], and his total liabilities are [tex]$1,900$[/tex]. The net worth can be found using the expression:

[tex]\[ \text{Net Worth} = \text{Assets} - \text{Liabilities} \][/tex]

By substituting the values provided:

[tex]\[ \text{Net Worth} = 9,500 - 1,900 \][/tex]

Thus, the correct expression to find Patrick's net worth is:

[tex]\[ \$ 9,500 - \$ 1,900 \][/tex]

After performing the subtraction:

[tex]\[ 9,500 - 1,900 = 7,600 \][/tex]

So, Patrick's net worth is \[tex]$ 7,600. Therefore, the correct answer to the question is: \[ \$[/tex] 9,500 - \$ 1,900
\]

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