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Rosetta listed her assets and liabilities on a personal balance sheet.

\begin{tabular}{|c|c|c|c|}
\hline \multicolumn{4}{|c|}{ Rosetta's Balance Sheet (April 2013) } \\
\hline Assets & Liabilities \\
\hline cash & [tex]$\$[/tex] 900[tex]$ & credit card & $[/tex]\[tex]$ 4,000$[/tex] \\
\hline investments & [tex]$\$[/tex] 1,100[tex]$ & student loan & $[/tex]\[tex]$ 2,000$[/tex] \\
\hline house & [tex]$\$[/tex] 150,000[tex]$ & mortgage & $[/tex]\[tex]$ 100,000$[/tex] \\
\hline car & [tex]$\$[/tex] 8,000[tex]$ & car loan & $[/tex]\[tex]$ 5,000$[/tex] \\
\hline Total & & Total & \\
\hline \hline
\end{tabular}

If Rosetta sells her house and pays off the mortgage, how much should she receive (assuming there are no other costs associated with selling the house)?

A. [tex]$\$[/tex] 42,000[tex]$
B. \$[/tex]50,000
C. [tex]$\$[/tex] 52,000[tex]$
D. $[/tex]\[tex]$ 60,000$[/tex]


Sagot :

Certainly! Let's break down the steps to determine how much Rosetta should receive if she sells her house and pays off the mortgage.

1. Determine the value of the house:
- The value of the house is listed as \[tex]$150,000. 2. Determine the amount owed on the mortgage: - The mortgage value is \$[/tex]100,000.

3. Calculate the net amount received from selling the house:
- When Rosetta sells the house, she needs to pay off the mortgage. Thus, the net amount she receives will be the house value minus the mortgage value.

Given the values:
[tex]\[ \text{House Value} = \$150,000 \][/tex]
[tex]\[ \text{Mortgage Value} = \$100,000 \][/tex]

To find the net amount received:
[tex]\[ \text{Net Amount} = \text{House Value} - \text{Mortgage Value} \][/tex]

Substituting the given values:
[tex]\[ \text{Net Amount} = 150,000 - 100,000 = 50,000 \][/tex]

Thus, after selling the house and paying off the mortgage, Rosetta will receive \[tex]$50,000. This matches the numerical result presented. So, the correct answer is: \[ \$[/tex] 50,000
\]