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? A. principal is $1,000; interest is $1,550 B. principal is $1,550; interest

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?

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

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