Question 1: Robby wants a secured loan to start his own business. Robby will use his house as collateral. The bank will loan Robby 56.4% of his house's equity. Robby's house is worth $367 685. He owes $108 653 on it. What is the equity in Robby's house?

Question 2: Robby wants a secured loan to start his own business. Robby will use his house as collateral. The bank will loan Robby 56.4% of his house's equity. Robby's house is worth $367 685. He owes $108 653 on it. What is 56.4% of the equity in Robby's house?

See your previous post.