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shahfaisal
05.10.2019 •
Mathematics
What is the formula used for calculating the annual percentage rate (apr)?
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Ответ:
Step-by-step explanation:
Annual percentage Rate (APR) is the rate charged annually for borrowing money or money earned through investment.
The formula used to find APR is:
Where Interest= Total amount paid over the life of loan
Principal = Amount of Loan Taken
n= No of days loan is to be returned.
Ответ:
The answer will be C