You have to use the equation which has just slipped my mind. It say x1-y1 over x2-y2. Then you will find x. I am so sorry this equation name slipped my mind. If I remember I will let you know.
If I'm right the principal amount is $1,000 and the interest(if $1,550) is $550 in the transaction.
You want to divide 45 by 5.
45/5= 9
She used 9 yards of yarn for her knitting project.
I hope this helps!
~kaikers