An 8-year old kid consumes 30 packs of Sour Patch Kids and 30 packs of Peach Rings per year, when the price of a pack of Sour Patch Kids is $5 and the price of a pack of Peach Rings is $4. If the price of a pack of Sour Patch Kids goes up to $6 and the price of a pack of Peach Rings goes up to $5, how much more does the kid's dad has to give to his kid, so that the kid can still afford the original consumption bundle

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

B. false hope it ! : )