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Lets say we have two credit cards from two different people. The first users credit card has an interest rate of 5% APR on $500

Lets say we have two credit cards from two different people. The first users credit card has an interest rate of 5% APR on $500 of monthly spending. The second user's interest rate is 1% APR on $1000 of monthly spending. Lets say that each user pays off 60% of their statement each month. Which user would owe more in a year?

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