There are not widely varying interpretations among Protestants.
The *wide* variation is far more between Catholicism and non-Catholic denominations.
The Catholic positions by taking partial verses, verses out of context, interpreting passages inconsistently (literal, figurative, back to literal all within the same sentence or discourse), etc.
Well, there are when you use the standard definition of "Protestant" that includes those which even deny Truths that the Reformers concurred with Rome on. And even among those who most strongly hold to the most distinctive Prot doctrine, that of Scripture only being the infallible rule of faith as is the assured Word of God and transcendent standard for obedience and testing and establishing truth claims, as it is abundantly evidenced as being, then there is much interpretive variation.
However, they also testify to the strongest unity in core truths, which is manifest by their historical contentions against those that deny them, while the variation of belief as well as consent to core truths is also is the reality among Catholics, but the latter is inferior to evangelicals .
Moreover, Catholicism not only exists in schisms and sects, but while RCs will point to official statements a constituting what their church believes, and superior this is not valid testimony of what they believe, which is shown by what we do and effect. (Mt. 7:20: Ja. 2:18)
And by treating her liberal majority as members in life and in death, Rome reveals what she believes constitutes Catholic faith. Yet RCs insist conservative evangelicals should leave their conservative churches and join Rome, now with a pope who even asserts inequality is the root of social evils.