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

Mathematics

Bryson Kerr

19 May, 03:15

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

+5

Answers (2)

Know the Answer?

Nia Brooks · Answer 1

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

So your answer will be $1,800

Lexie Vega · 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