Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Which description defines the term APR? It is the yearly rate of interest that you pay for credit card use. It is the monthly rate of interest that you pay for credit card use. It is the daily rate of interest that you pay for credit card use.

Sagot :

APR stands for annual percentage rate, and is the total amount of interest that needs to be paid on a loan amount each year, over the loan's entire term.
a) it is the yearly rate of interest