Yoshua borrowed $8,000 from his credit union over 9 months. He pays a simple interest of 9%. What is the total amount of money he will owe the bank?

Step-by-step explanation:

According to Question , Yoshua borrowed $8,000 from his credit union over 9 months. He pays a simple interest of 9%. And we are required to find the total amount of money he will owe the bank .

So , we know the formula of Simple Interest as ,

As ,per the data in Question ,

Hence the Simple Interest is $ 540.

And , we know that Amount is ,

Hence he will owe $ 85400.