Examlex
Which of the following is/are scalar quantities?
Effective Annual Rate
The genuine rate of interest that an investment, savings account, or loan delivers, factoring in the effects of compounding.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage rate.
Effective Annual Rate
A measure of interest that accounts for compounding over a year, giving a true reflection of the financial cost or return.
Annual Percentage Rate
The annual rate charged for borrowing or earned through an investment, accounting for all costs.
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