Question

Deshaun borrowed money from a credit union for 4 years and was charged simple interest at an annual rate of 9%. The total interest that he paid was $144.

How much money did he borrow?

Answer 1

$155.56

Explanation:

S.I=(PRT)÷100

$144=(P×9×1)÷100

crossmultiply

$144×100=9P

P=$14400÷9

P=$155.56