Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
To determine how much Rosetta should receive after selling her house and paying off the mortgage, let's break down the relevant figures from her balance sheet.
1. House Value: The value of Rosetta's house is listed as \[tex]$150,000. 2. Mortgage: The outstanding mortgage amount is listed as \$[/tex]100,000.
When Rosetta sells her house, she will get the value of the house, which is \[tex]$150,000. However, she needs to use part of this amount to pay off the remaining mortgage, which is \$[/tex]100,000.
The amount she will receive after paying off the mortgage is calculated by subtracting the mortgage amount from the house value:
[tex]\[ \text{Amount to be received} = \text{House Value} - \text{Mortgage} \][/tex]
[tex]\[ \text{Amount to be received} = \$150,000 - \$100,000 \][/tex]
[tex]\[ \text{Amount to be received} = \$50,000 \][/tex]
Therefore, after selling her house and paying off the mortgage, Rosetta should receive \$50,000. The correct answer is:
[tex]\[ \boxed{50,000} \][/tex]
1. House Value: The value of Rosetta's house is listed as \[tex]$150,000. 2. Mortgage: The outstanding mortgage amount is listed as \$[/tex]100,000.
When Rosetta sells her house, she will get the value of the house, which is \[tex]$150,000. However, she needs to use part of this amount to pay off the remaining mortgage, which is \$[/tex]100,000.
The amount she will receive after paying off the mortgage is calculated by subtracting the mortgage amount from the house value:
[tex]\[ \text{Amount to be received} = \text{House Value} - \text{Mortgage} \][/tex]
[tex]\[ \text{Amount to be received} = \$150,000 - \$100,000 \][/tex]
[tex]\[ \text{Amount to be received} = \$50,000 \][/tex]
Therefore, after selling her house and paying off the mortgage, Rosetta should receive \$50,000. The correct answer is:
[tex]\[ \boxed{50,000} \][/tex]
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.