select the correct answer. which of these people repaid his loan at a variable interest rate? a. andre, who…

select the correct answer. which of these people repaid his loan at a variable interest rate? a. andre, who made monthly payments of $57 for one year b. gary, who paid $37 each month for the first six months and $67 each month for the next six months c. dean, who repaid the full amount of the loan in one installment

select the correct answer. which of these people repaid his loan at a variable interest rate? a. andre, who made monthly payments of $57 for one year b. gary, who paid $37 each month for the first six months and $67 each month for the next six months c. dean, who repaid the full amount of the loan in one installment

Answer

Brief Explanations:

A variable - interest rate loan has payments that can change over time. Andre has a fixed monthly payment, so it's not a variable - rate loan. Dean repaid in one installment, which doesn't indicate a variable rate. Gary's monthly payments change from $37 to $67, suggesting a variable interest rate affecting the payment amount.

Answer:

B. Gary, who paid $37 each month for the first six months and $67 each month for the next six months