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Chang 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 $2160. How much money did he borrow?
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Chang 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 $2160. How much money did he borrow?

User AMA
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1 Answer

6 votes

He borrowed $24,000.

User Chad Carisch
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