Elsie:
No, there are some [many] interpretations of Protestantism that are correct, in so much as it is consistent with the Doctrine held in the Catholic Church and for that matter in the Orthodox Church [which is in general agreement on 99% of what we agree on, minus some differences with the role of the Pope, and certain Dogmatic definitions related to Mary that use Latin Theology exclusively, i.e. the Assumption of Mary vs. the Dormition Mary.
As for the multiple sense of scripture, that means 1) Literal Sense and 2)Allegorical Sense, and the allegorical can be subdivided into the moral, spiritual, anagogical, etc. But all of them have to understood, from the Catholic perspective, as pointing to or not contradicting Doctrine defined via an Ecumenical Council or Papal formal definitive definition whereby a Dogmatic pronouncement is being made [The last example, the Assumption of Mary, etc].
I don’t know what Church you belong to, but what if you read the scriptures and start to have views that contradict the confessional statements of for example, the Augsburg confession [just assuming you were Lutheran]. Would you then say, well, I think my view is correct and not this particular statement in said Augsberg confession. A protestant model, even a good faith protestant, would feel he or she is correct based on his or her reading of scripture and would challenge the confession with maybe his or her pastor and if not resolved, would perhaps go to the a Reformed, or Baptist, or Pentecostal church down the road.
For a orthodox Catholic, that is not in the cards. I do not read scripture to see if I can challenge the Nicene Creed or Apostles Creed, I don’t read them to challenge that the Church has defined that God has provided 7 sacraments as the “normative means” thru which he provides the Church and her members the Grace to live the Christian life [and given my some of my less than charitable posts here lately, given that I am a faithful Catholic, I feel quite certain I will confess that I acted somewhat uncharitably towards some protestant folks on the internet].
Now then...
...that wasn't so hard to say; was it!?
Congratulations on the longest sentence (so far) in this thread.
I sorry that you do not feel a need to question that what you have been taught is correct.
You'd make a poor Berean.