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3-Minute Explanation
Australia
เข้าร่วมเมื่อ 6 พ.ค. 2020
Use 3 minutes to explain something...
Annual Percentage Rate APR Explained - Speed Reading 350WPM
Understanding Annual Percentage Rate (APR)
Imagine you want to buy a cool new game, but you don’t have enough money saved up. You ask your parents if they can lend you some money to buy it. They say yes, but they tell you that you’ll need to pay them back more than you borrowed. This extra money is called “interest,” and it’s how your parents earn a bit of money for letting you use theirs. To understand how much extra you’ll pay, you need to know the Annual Percentage Rate, or APR. APR is a percentage that tells you how much more you will end up paying on a loan over the course of a year. It includes not just the interest, but also any other fees that might be part of the loan.
Let’s break it down with an example. Suppose you borrow $100 from your parents to buy the game. At the end of the year, you need to pay them back $110. The extra $10 is the interest. To figure out the APR, you see that for every $100 you borrow, you’re paying $10 in interest. In this case, the APR is 10%. This percentage helps you understand how much extra money you’ll need to pay back compared to what you originally borrowed. If the APR is higher, like 15%, it means that for every $100 you borrow, you’ll pay $15 in total. This makes it clear how expensive borrowing money can be, because APR combines the interest and any extra fees into one simple percentage.
When comparing different loan offers or credit cards, APR is very helpful. For instance, if you’re looking at two different loans and one has an APR of 5% and another has an APR of 12%, the loan with the 5% APR is cheaper because you’ll end up paying less extra money. This is important because it helps you choose the best option for borrowing money. By looking at the APR, you can easily see which loan or credit card will cost you less over time. It’s a tool that makes it easier to understand the true cost of borrowing and helps you make better financial decisions.
Imagine you want to buy a cool new game, but you don’t have enough money saved up. You ask your parents if they can lend you some money to buy it. They say yes, but they tell you that you’ll need to pay them back more than you borrowed. This extra money is called “interest,” and it’s how your parents earn a bit of money for letting you use theirs. To understand how much extra you’ll pay, you need to know the Annual Percentage Rate, or APR. APR is a percentage that tells you how much more you will end up paying on a loan over the course of a year. It includes not just the interest, but also any other fees that might be part of the loan.
Let’s break it down with an example. Suppose you borrow $100 from your parents to buy the game. At the end of the year, you need to pay them back $110. The extra $10 is the interest. To figure out the APR, you see that for every $100 you borrow, you’re paying $10 in interest. In this case, the APR is 10%. This percentage helps you understand how much extra money you’ll need to pay back compared to what you originally borrowed. If the APR is higher, like 15%, it means that for every $100 you borrow, you’ll pay $15 in total. This makes it clear how expensive borrowing money can be, because APR combines the interest and any extra fees into one simple percentage.
When comparing different loan offers or credit cards, APR is very helpful. For instance, if you’re looking at two different loans and one has an APR of 5% and another has an APR of 12%, the loan with the 5% APR is cheaper because you’ll end up paying less extra money. This is important because it helps you choose the best option for borrowing money. By looking at the APR, you can easily see which loan or credit card will cost you less over time. It’s a tool that makes it easier to understand the true cost of borrowing and helps you make better financial decisions.
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Fuel Tank Close To Empty - Why We Shouldn't Do That?
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The Diderot Effect is powerful!!! After we bought our first home (in a new subdivision), I would marvel when families would move in and suddenly buy two new cars to go along with it (and probably a home full of new furniture too).
The large fangs would require more bite force. There is no way they were used for biting or eating.
Thanks
I have a question :- Are tyre inner tubes aspect is usually lesser than the tyres of a car ?? I have 145/ 80 R12 tyres But i bought a inner tube of 145/ 70 R12 soo is this okay or i purchased the wrong tube ??
I love learning information and studying quickly instead of watching an hour long lecture!
Very bad background sound.
great idea, throw in some absurd mickey mouse music
thaks for these intresting and important information ❤❤
When a new video
i would ask a question...if the video is 100% mine but i add music from a subscription that i paif for....should i use CC or standard TH-cam License....I know that by use CC i give permission for other to use my video. just in my side..using my video and adding subscription music to be considered as original or not that i can not use CC
Thanks🙏🙏
I am watching this two years after it was uploaded and the music is still there - inappropriately. So I am not going to forward it to the person that might otherwise have been interested in it.
Capsaicin is used in heat creams, gels and sprays.
Most s.t.u.p.i.d nonsense video ever saw 🤣🤣🤣 sacrifice my ass u can draw it as it is
I have heard a theory that saber tooths would sort of place their fangs on the surface they want to pierce, then sort of use their super strong forearms to push their teeth into the flesh of their prey. This would only work on soft flesh though. There's also skulls of saber tooths that have a hole in the skull, pierced by another saber tooth. I don't think a fang could be just casually forced in, there had to be some sort of impact.... The only way I think that could happen is if a Saber tooth were to slam its fangs into the skull like a person hammering a pickaxe into stone. Rearing its head back and then hammering its fangs into the victim
The music is such a turn off
Whales are more closely related to sharks than sharks are to lamprey, and closer to eels, and even closer to coelacanths. And if all of those animals are fish, so are whales. And humans too.
That depends on the incident. Dropping the temperature of a room with cold water can greatly reduce the condition for flashover , and allow firefighters to start going deeper into a room as the heat has been greatly diminished. As heat is one of the pieces fire needs to continue burning, taking that element away will do a lot more than hot water would.
Gotta stop using the AI voice I bet this was a great video but I couldn’t make it through 15 seconds of it
The music is unnecessary and really annoying.
Learning every minute 🙏🇿🇦🇿🇦✌️
why is this channel so underrated?
The hottest chilli is Pepper X
thank you for this video, however the music was too loud and distracting, i hope you take this under consideration for your other videos :)
the music is too annoying. please remove it
Hey this is great, thanks!!
why we have to use energy to maintain the rotation in vacuum environment?😢especially when who part of the spacecraft is rotating
Did not just tell us what one we could use to monetize and make money
Anything that’s CC-licensed without NC is rated approved for monetization.
I WANT TO FIND CLEOPATRAS TOMB I BELIEVE HER TOMB IS UNDERWATER .......
but the probability of 22 people sharing the same birthday as me isnt 22/365, so how are we thinking about it wrong
It's not the probability that they share a birthday with YOU. It's the probability that any two of the 23 people share a birthday.
Please post without the music
Do it again without music, please!
well thats great, where does it show the license level?
Thanks for the breakdown! 🤔 I have a quick question: 🤷♂️ I have a set of words 🤷♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I don't know what they are. What should I do with them? 🤷♀️
Dare Forest
automatic weigh more
Ally Circles
No one can claimed it
Kelvin Cliffs
Bruv u speaking too much, lemme enjoy the music, goddamn
why music ??????
The different tastes happen because of the material you are drinking from If its plastic it's okay If its an aluminium can it tastes a tad bit better If its glass it will taste the best because since its a glass and glass is natural it will give out the most flavour, its not the coke changing, its the same, the only difference is your taste buds touching the material which affects the taste
The answer is technically both
I have Octophobia and the fact is my birthday is on Eighth August💀
Shit
wat een kanker muziek
Great Explanation.
The premises of the problem is wrong. 50,7% is the probability that AT LEAST two people share the same birthday in a group of 23 and not ANY TWO people. The probability that ANY TWO persons share the same birthday in a group of 23 (i.e all the others 21 persons have different and unique birthday dates) is 34,25 %. (23 x 22 x 365 x (364! / 343!)) / 365^23 = 0,3425
Jacks fly at sea. Flags on land.
how to get these license ?
Is this a dumbed down woke version of the phenomenon? Why do some people just HAVE to do that?! Kill the meaning for being woke! Village Venus Effect is when a local maximum just isn't the global maximum or a broader base yields higher random values. It has NOTHING to do with diversity. Actually the Village venus Effect HAS to be agnostic of diversity to make sense.