Mathematics, 13.12.2019 06:31 290000992

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?
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

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Amy got a $1,000 loan from her bank, and she had to repay $1,550. what are the principal and interes...

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