TIME REMAINING 54:32
Tom would like to take out a secured loan to help pay for a vacation this summer. He has offered his car as collateral.
His car is worth $3,500. His bank can offer loans for 80% of collateral value. The vacation he has planned will cost
$4,750. Approximately how much additional collateral will Tom need to offer in order to borrow enough to go on his
vacation as planned?
$1,000.00
b. $1,362.50
c. $2,437.50
d. $2,800.00
a.
Please select the best answer from the choices provided
A
B.
ОООО
D

b. 2437.5

Step-by-step explanation:

took me a wiel but then realized it was just butterfly method to solve.

a 4/6 = 9/12   not proportional

step-by-step explanation:

to find which are not proportional, we can use cross products

if it is true, they are proportional.   if it is not true, they are not proportional.

a 4/6 = 9/12

4* 12 = 6*9

48 = 54

not this is not proportional  

b 2/3 = 12/18  

2* 18 = 3 * 12

36 = 36

this is proportional

c 5/4 = 10/8  

5*8 = 4*10

40 = 40

this is proportional

d 7/5 = 35/25

7*25 = 5 * 35

175 = 175

is proportional

answ5

step-by-step explanation:

u have to pay atttion to me