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 transactio

Question

3 years ago

15

n?
A. principal is $1,000; interest is $1,550
B. principal is $1,550; interest is $550
C. principal is $1,000; interest is $550

2 answers:

tresset_1 [31] · Answer 1 · 2022-03-17T09:45:04+03:00

7 0

Answer:

the correct answer is c

Step-by-step explanation:

chubhunter [2.5K] · Answer 2 · 2022-03-17T07:38:09+03:00

chubhunter [2.5K]3 years ago

3 0

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