Example...
4^x = 16
log(4^x) = log(16)
x*log(4) = log(16)
x = log(16) / log(4)
It would be the second choice. Add by 25.
Given that can borrow up t 35% of his collateral at the pawnshop and John wants to use $3000 ring as a collateral for $1200 necklace, then the amount that he could borrow will be:
35/100×3000
=$1050