Taetaebugg1998 Taetaebugg1998

16-08-2018
Mathematics

contestada

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?

Respuesta :

plazas94 plazas94

16-08-2018

The principle amount is simply what she borrowed initially so it would be $1,000.

The interest amount was how much was added from the initial amount:

$1,550 - $1,000 = $550

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iiamkyia iiamkyia

16-08-2018

The total is $550 from the transaction

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