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Social Studies glossary

APR (annual percentage rate)

APR (tasa de porcentaje anual)

the yearly cost of borrowing money, including interest and some fees, shown as a percent.

Example

A credit card with a 24% APR costs about $240 a year on a $1,000 balance that is never paid down.

In Spanish

APR (tasa de porcentaje anual) — el costo anual de pedir dinero prestado, incluidos el interés y algunos cargos, expresado como porcentaje.

Una tarjeta de crédito con un APR de 24% cuesta unos $240 al año por un saldo de $1,000 que nunca se paga.

Related words

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