Question

Reggie needs a quick x-dollar loan until his next payday in two weeks to take advantage of a sale on ski equipment. The bank would take too long in paperwork, so he goes to a pawnshop. The pawnshop will only lend him 25 dollars. What is the amount of loan Reggie needs?

1) $25
2) x dollars
3) $50
4) $100

Answer 1

Reggie needs an unknown amount represented by x dollars for a loan. The pawnshop offers only 25 dollars, which does not help determine the amount Reggie needs. Thus, the correct answer is option 2) x dollars.

Step-by-step explanation:

Reggie needs a quick x-dollar loan to take advantage of a sale on ski equipment. The question asks, "What is the amount of loan Reggie needs?" Given that the pawnshop will only lend him 25 dollars, this information is not sufficient to determine the exact amount Reggie needs since it's represented by 'x dollars' and not explicitly given. Therefore, the correct answer to the question is option 2) x dollars. This represents the unknown amount Reggie needs, which could be more than 25 dollars, as implied by the need for a quick loan and the insufficiency of what the pawnshop will provide.