📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    APR stand for

    A Annual Premium Ratings Correct Answer Incorrect Answer
    B Amount Premium Rate Correct Answer Incorrect Answer
    C Annual Percent Ratings Correct Answer Incorrect Answer
    D Annual Percentage Rate Correct Answer Incorrect Answer
    E Amount Percentage Rate Correct Answer Incorrect Answer

    Solution

    The Annual Percentage Rate (APR) is a measure of the interest rate plus the additional fees charged with the loan. Both are expressed as a percentage. A loan's interest rate and APR are two of the most important measures of the price you pay for borrowing money.

    Practice Next
    ask-question