anonymous
  • anonymous
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?
Mathematics
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
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
bahrom7893
  • bahrom7893
can u give me the definitions of principal and interest amounts?
anonymous
  • anonymous
I think it's C but I'm not sure about the definitions of principal and interest :p

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