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Shtirlitz [24]
3 years ago
13

Amy got a $1,000 loan from her bank and she had to repay $1,1550 what are the principal and interest amounts in this transaction

Mathematics
2 answers:
kupik [55]3 years ago
6 0

Answer:

<h3>The  Principal amount = $1,000 and the interest amounts in this transaction  is $155.</h3>

Step-by-step explanation:

Loan taken by Amy amount = $1,000.

Please note : Loan amount taken from the bank would be Principal value of the transaction, because we need to apply operations on $1,000 to add the interest on the loan.

Total amount repaid by Amy = $1,155.0

Note: In given problem repay amount is $1,1550, which is really very high amount and does not make any sense. So, I made a decimal there as it seems that you missed that decimal to put.

Therefore, interest amount = Repay amount - Principal amount

= $1,155 - $1,000 = $155.

Therefore, interest amounts in this transaction  is $155.

xeze [42]3 years ago
3 0
If I'm right the principal amount is $1,000 and the interest(if $1,550) is $550 in the transaction.
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Complete Question

Researchers recorded the speed of ants on trails in their natural environments. The ants studied, Leptogenys processionalis, all have the same body size in their adult phase, which made it easy to measure speeds in units of body lengths per second (bl/s). The researchers found that, when traffic is light and not congested, ant speeds vary roughly Normally, with mean 6.20 bl/s and standard deviation 1.58 bl/s. (a) What is the probability that an ant's speed in light traffic is faster than 5 bl/s? You may find Table B useful. (Enter your answer rounded to four decimal places.)

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