What does apr interest rate mean
The interest rate is the cost of borrowing the money, that is, the principal loan to pay attention to the APR, to determine the least costly means of financing. 18 Dec 2019 APR. The interest rate is the cost of borrowing the principal loan amount. The rate can be variable or fixed, but it's always expressed as a 12 Jul 2017 For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR). On most cards, you can