Question

The policy of the Black Oyster Pawnshop is to lend up to 30% of the value of a borrower’s collateral. Pete wants to use a $2,000 guitar and a $900 camera as collateral for a loan. What is the maximum amount that he could borrow from Black Oyster?

Answer 1

Answer:

$870

8.7×10²

Step-by-step explanation:

0.3×($900+$2,000)

0.3×$2900

=$870