The policy of the Kauderman's pawnshop is to lend up to 30% of the value of borrower's collateral. Tommy wants to use a pair of

Question

3 years ago

13

$500 Jeans and $1,000 sunglasses as collateral for a loan. What is the maximum amount that he could borrow from Kauderman?

1 answer:

lubasha [3.4K] · Answer 1 · 2022-04-09T22:11:07+03:00

8 0

Answer:

30/100×$1500 = $450

Step-by-step explanation:

Tommy needs total capital of $1500 and he wants to lend 30% of loan from kaunderman, which is calculated as above.