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# The interest rate per period multiplied by the number of periods in a year is called?

We will use the concept of simple and compound interest in order to find the required answer.

## Answer: It is known as the annual rate of interest.

Let us see how we use the concept of simple and compound interest in order to find the required answer.

**Explanation:**

Annual Percentage Rate (APR) is the annual rate of interest which is calculated by multiplying the number of compounding periods with the rate of interest per period.

### The rate of interest that is charged per period when multiplied by the number of periods gives the annual rate of interest.

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