Sams net worth is 5480.80. his liabilities are 3260.60. if she increases her assets by 10% and decreases her liabilities by 10%, what is her net worth?

Net worth = assets - liabilities. They tell us the net worth, and the liabilities, but not the assets, so we need to figure that out.

5480.80 (net) = x - 3260.60 (liab) - - We add the 3260.60 to both sides to get x by itself.

5480.80 + 3260.60 = x

8741.40 = x (assets)

Now, we need to increase assets by 10%.

8741.40 * 1.10 = 9615.54

Decrease liabilities by 10%

3260.60 * 0.10 = 326.06 (how much we decrease it by)

3260.60 - 326.06 = 2934.54 (subtract the decrease)

9615.54 (increased assets) - 2934.54 (decreased liabilities) = 6681.00