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Amy got a 1000 loan from her bank and she had to repay 1550 what are the principal and interest amounts in this transaction?

Amy got a 1000 loan from her bank and she had to repay 1550 what are the principal and interest amounts in this transaction?
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4 votes
amy got a 1000 loan from her bank and she had to repay 1550 what are the principal and interest amounts in this transaction?

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User Lashaunda
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8.8k points

1 Answer

3 votes
5.5 percent interest rate
answered
User ShrapNull
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8.1k points
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