What is the term for the interest rate stated on an annual basis without compounding?
بغیر کسی مرکب کے سالانہ بنیاد پر بیان کردہ شرح سود کی اصطلاح کیا ہے؟
Answer: Nominal interest rate
Explanation
Nominal interest rate: Annual rate without compounding.
It representing yearly interest paid or earned.
It is also known as the annual percentage rate (APR).
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