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anonymous

  • 4 years ago

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?

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  1. anonymous
    • 4 years ago
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    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. bahrom7893
    • 4 years ago
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    can u give me the definitions of principal and interest amounts?

  3. anonymous
    • 4 years ago
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    I think it's C but I'm not sure about the definitions of principal and interest :p

  4. bahrom7893
    • 4 years ago
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    lol me too, just don't wanna give out false info.. when in doubt, ask haha

  5. anonymous
    • 4 years ago
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    The problem in my case is that I don't speak English very well so I can misunderstand things, I always learned math in Spanish.

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