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15 November, 06:13

Which of these people repaid his loan at a variable interest rate?

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  1. 15 November, 08:01
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    The people who repaid his loan at a variable interest rate was : Gary who paid $ 37 each month for the first 6 months and $ 67 for the next 6 months.

    When you pay with variable interest rate, the total interest will change from time to time. As we see, there are a difference of payment from the first 6 months compared to the next 6 months, indicating a different interest rate.
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