# The policy of the broadway pawnshop is to lend up to 35% of the value of the borrowers collateral. john

###### Question:

The policy of the broadway pawnshop is to lend up to 35% of the value of the borrowers collateral. john wants to use a $3000 ring in the$1200 necklace as collateral for a loan. what is the maximum amount that he could borrow from broadway?

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