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
