What is APR | What County

What is APR

APR is the abbreviation for Annual Percentage Rate, so it means nothing more than the interest rate. So if I have $1,000 in my account and it is stated that there is 12% interest, then in the year there is $120, that is, $10 a month. If I withdraw this $10 and leave $1000 in the account, I will get $10 again next month. It is easier to calculate with the APR indication. Here I can quickly see how much interest I get in the year, month, day etc. If I want to know how high the interest rates are on the day, I simply divide the percentage by 365.

What is APR
What is APR
APR
APR

What is APR and what is a good rate?
What is a good APR to pay?
What does a 24% APR mean?
Whats APR means?

Leave a Reply

Your email address will not be published.