APR Explained in 60 Seconds!
1:01
YouTubeThe Finance Toolbox
APR Explained in 60 Seconds!
Ever wondered what APR really means? 🤔 Let's break it down with a simple example in just 60 seconds! APR stands for Annual Percentage Rate. It's the cost of borrowing money, expressed as a yearly interest rate. 📅💰 Imagine you have a credit card with a 20% APR. If you spend £1,000 and don't pay it off within the month, you'll owe an ...
35 views7 months ago
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