The star pawnshop will lend up to 45% of the value of a borrowers collateral. Ryan wants to use $4000 worth of jewelry as collateral for a loan. What is the maximum amount that he could borrow from star

Question

Dallas Case

Mathematics

11 April, 08:10

The star pawnshop will lend up to 45% of the value of a borrowers collateral. Ryan wants to use $4000 worth of jewelry as collateral for a loan. What is the maximum amount that he could borrow from star

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Answers (2)

Know the Answer?

Dangelo Mann · Answer 1

45% of $4,000 is $1,800

So your answer will be $1,800

Deon Klein · Answer 2

Since Ryan has 4000 dollars in value of jewelry. We can find 45 percent of that amount.

4000 (.45) = 1800 dollars

So, the pawn shop will loan Ryan $1,800.00