SOLUTION: Find the equity on a house that is valued at $325,000 when the owner has $169,856.75 in loans on the property. Use the formula E = V − L, where E is the equity, V is the value

Algebra ->  Equations -> SOLUTION: Find the equity on a house that is valued at $325,000 when the owner has $169,856.75 in loans on the property. Use the formula E = V − L, where E is the equity, V is the value       Log On


   

Question 1197394: Find the equity on a house that is valued at $325,000 when the owner has $169,856.75 in loans on the property. Use the formula
E = V − L,
where E is the equity, V is the value of the home, and L is the loan amount on the property.
$__________?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi  
E is the equity, V is the value of the home and L is the loan amount
V = $325,000   L = $169,856.75
E = V − L  
Plug and Play:
E = $325,000 -  $169,856.75
Let You finish it up.