Question

Natasha needs to borrow $500 until her next paycheck to purchase a wedding gift.

She goes to a Friendly Fred's Pawnshop and puts up a family heirloom worth $4000
as collateral. Friendly Fred will lend her up to 25% of the value of her collateral. How much
Is Friendly Fred willing to lend Natasha? Is this enough to cover the cost of the wedding
Gift?
O $1,000, yes
o $1,000.no
$400. yes
O $400, no

Answer 1

1,000 yes 25% of 4000 is 1000