APR, Simple Interest Formulas, Amortization Charts
APR:
What is it?
- This is the Annual Percentage Rate that you may have to pay when using a credit card or loan.
Why is it important?
- It is important to know the APR, so you know how much extra you will have to pay when using these objects.
Simple Interest Formula:
What is it?
- The equation used to figure out the interest you must pay.
I= P x R xT
I= intrest
P= percentage
R= rate
T= time
Why is it important?
- it will allow you find figure out how much extra you will have to pay
APR:
What is it?
- This is the Annual Percentage Rate that you may have to pay when using a credit card or loan.
Why is it important?
- It is important to know the APR, so you know how much extra you will have to pay when using these objects.
Simple Interest Formula:
What is it?
- The equation used to figure out the interest you must pay.
I= P x R xT
I= intrest
P= percentage
R= rate
T= time
Why is it important?
- it will allow you find figure out how much extra you will have to pay