nissy94 nissy94
  • 02-02-2021
  • Mathematics
contestada

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?

Respuesta :

richardbranch11 richardbranch11
  • 02-02-2021

Answer 900

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

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