Stated Annual Interest Rate

Posted in Finance, Accounting and Economics Terms, Total Reads: 734
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Definition: Stated Annual Interest Rate

Stated annual interest rate is the interest rate that is calculated as a per-year percentage. It does not consider the compounding that takes place throughout the year.

Example:

Loan of Rs. 10,000 has stated annual interest rate as 10%.

The interest for the year based on the stated annual interest rate is = 10,000 * 0.1

                                                                                                = 1000

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