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Annual Percentage Rate

Discover how the Annual Percentage Rate (APR) is calculated and understand the cost of borrowing money. This interactive activity will guide you through the formula, C = , and demonstrate how to rearrange it. Validate your solutions with practical exercises. Reflect on your progress and enhance your financial knowledge with Nuffield Free-Standing Mathematics resources.

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Annual Percentage Rate

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  1. Nuffield Free-Standing Mathematics Activity Annual Percentage Rate

  2. Escape the British weather and spend a week in the sun. Treat yourself to a holiday loan! Want to buy a motorbike? Competitive loans set up fast. Personal loans - what will you do with yours? Make your dreams happen – now!

  3. Need extra money fast? How much does it cost to borrow money? Do you know what APR means? This activity will show you how the Annual Percentage Rate (APR) is worked out.

  4. Reflect on your work • Show that the formula C = can be rearranged to give • Use this formula to check your answers to ‘Try these A’.

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