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s2an2ylladysing
s2an2ylladysing s2an2ylladysing
  • 05-09-2016
  • Mathematics
Answered

Amy got a $1,000 loan from her bank, and she had to repay $1,550. What are the principal and interest amounts in this transaction?

Aprincipal is $1,000; interest is $1,550
Bprincipal is $1,550; interest is $550
Cprincipal is $1,000; interest is $550

Verified Answer :

oopsydaisy
oopsydaisy oopsydaisy
  • 13-09-2016

Out of the choices given, the principle is $1,000 and the interest is $550. The correct answer is C.

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madisonvancamp5
madisonvancamp5 madisonvancamp5
  • 19-01-2019

Answer:

the correct answer is c

Step-by-step explanation:


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