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.