Question

the village pawnshop will lend you up to 70% of the value of your collateral. Alice wants to use a $2,400 computer and a $900 saxophone as collateral for a loan. what is the maximum amount she could borrow from this pawnshop?

Answer 1

4x is the answer

did the assignment

Answer 2

Explanation:

Add the two amounts together.

Value = 900 + 2400

Value = 3300

Now take 70% of this value

70 / 100 * 3300 = 2310