If John's total assets have increased from $10 000 to $15 000 and his liabilities from $5000 to $8000,by how much has John's net worth increased?
A)$4000
B)$3000
C)$5000
D)$2000

Question

Quizplus · Accepted Answer

John's net worth is calculated as total assets minus total liabilities. Initially, his net worth was $10,000 - $5,000 = $5,000. After the increase, his net worth is $15,000 - $8,000 = $7,000. Therefore, his net worth has increased by $7,000 - $5,000 = $2,000.

If John's Total Assets Have Increased from $10 000 to $15