Question

Ned borrowed 95% of the value of his house. If the value of the house is $150,000, how many dollars did Ned borrow?

Answer 1

Answer: $142,500

Step-by-step explanation:

From the question, we are informed that Ned borrowed 95% of the value of his house and that the value of the house is $150,000,

The amount that Ned borrowed will be:

= 95% × $150,000

= 95/100 × $150,000

= 0.95 × $150,000

= $142,500

Ned borrowed $142500