Samuel has $2,000 in the bank and owns a car worth $9,000. he also has $10,000 worth of student loans and a $500 credit card bill. what is samuel's net worth?

Samuel's net worth $500.

Step-by-step explanation:

Samuel has the bank balance of  $2,000.

He owns a Car worth  $9,000

His Total assets = Bank balance + Car's worth.

Total Assets = 2000 + 9000 = $11,000

Samuel has a student loan worth  $10,000

His credit card bill is 500 dollars.

His total liability = Student loan + Credit card bill.

Total Liability = 10,000 + 500 = $10,500.

We know Net worth = Total Assets - Total Liability

Samuel's net worth = 11,000 - 10,500 = $500