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Variable

UK Data Service variable record for:

BBC Big Money Test, 2011

Variable Details

Variableq108
LabelOn a £5,000 credit card debt at 19.9% APR interest, how long will it take to clear if you are making the minimum monthly repayments (defined as the higher of 2% or £5)?
Responses
1 2 years and 4 months 133
2 15 years and 6 months 1223
3 60 years and 3 months 1123
4 It will never be paid off 1390
DisclaimerPlease note that these frequencies are not weighted.
LocationBBC Big Money Test, 2011
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