Business Terms and Jargon Explained
What is APR
APR stands for Annual percentage rate. Usually on a loan the interest is expressed as a percentage for the year. E.g. you get a £1000 loan with a APR of 10% for one year. The interest for the year will be £100 being 10% of 1000. The total amount to pay back would be £1100. Therefore the monthly repayments would be 1100 divided by 12 = £91.67
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2005-07-16 23:12:15
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2021 Scopulus Limited. All rights reserved.