HSC Together General Maths: Varying the Interest or Repayment on Loans

Varying the Interest or Repayment on Loans

What impact does varying the interest or repayment have on the loan?

What you will often find is the lower the interest rate or higher the repayments, it will not take as long to pay back the loan. However, if the interest rates are higher, or repayments are lower, the longer it will take to pay back the loan. The following post will explain the impact of varying the interest or repayment on loans in QCE General Maths.

 

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