Question

Lisa takes a loan for $ 5000 from the bank. Every month the bank charges her 1 % interest on the
money she owes and adds this amount to her outstanding balance. If Larissa never makes a
payment, how much will she owe the bank after 1.5 years?

Answer 1

Answer 900

Step-by-step explanation:1% of 5000 is 50 1.5 years is 18 months 50 times 18 is 900