Annie would like to take out a loan to put a new playground in her yard for her kids. she offers her car which is worth $7,800 as collateral. the loan officer at the bank is permitted to loan annie 92% of the value of her collateral. how much will annie be able to borrow for the playground using her car as collateral?
a.

$7,708.00
b.

$7,176.00
c.

$7,800.00
d.

$8,478.26

Annie will be able to borrow $ 7,716.00 for the playground using her car a collateral (option b).

Explanation:

Interpretation of the problem: to take out a loan to put a new playground in her yard for her kids, Annie offers her car which is worth $ 7,800 as collateral. Since the loan officer at the bank is permitted to loan Annie 92% of the value of her collateral, in order to know how much Annie will be able to borrow, you must use percentage calculations.

Percent is a definition: percent is the ratio of an amount with respect to one hundreed. The mathematical expressions derived from that definition is:

In this case, the percent that the officer is permitted to loan is known, 92%, the amount to borrow is unknown (x), and the base is the value of her car (the collateral), $ 7,800, which leads to the following equation:

Now, you can solve for x:

In conclusion, Annie will be able to borrow $ 7,716.00 for the playground using her car as collateral.

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step-by-step explanation:

times by times

percentage - 25%

probability - 0.25

we know,

total amount of students in class = 20

total boys = 10

total girls = 10

no of girls who wear glasses = 10/2 = 5

probability of choosing a girl with glasses is =

number of girls wearing glasses/total number of students in the class = 5/20

thus, percentage of selecting a girl wearing glasses will be

= 5/20 × 100

= 5 × 5

25%

therefore,

probability will be 0.25

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