[Solved] After Taking Out a One Year Loan with an Annual
After taking out a one year loan with an annual interest rate of 5 percent, Tommy pays $2,100 back to the bank. The principal of the loan must be ___________ and the interest payment must be ___________.
A) $2,000; $100
B) $2,100; $100
C) $100; $2,100
D) $100; $2,000
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