Register

Amy got a $1,000 loan from her bank and she had to repay $1,1550 what are the principal and interest amounts in this transaction

Amy got a $1,000 loan from her bank and she had to repay $1,1550 what are the principal and interest amounts in this transaction
asked 219k views
4 votes
Amy got a $1,000 loan from her bank and she had to repay $1,1550 what are the principal and interest amounts in this transaction

asked
User Xrfang
by
8.9k points

1 Answer

6 votes
If I'm right the principal amount is $1,000 and the interest(if $1,550) is $550 in the transaction.
answered
User Domusvita
by
7.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!