Since APR is flat (or simple) interest. It is straightforward to calculate. Just take your principal investment and multiply it by the APR (as a decimal) to get what you will earn in a year . For example with an initial 1k investment earning 10% a year you would earn 100 dollars a year (1,000 * .
Read moreWhat is APR and APY yield farming?
APR represents the annual rate charged for earning or borrowing money. APY takes into account compounding, but APR does not . The more frequently the interest compounds, the greater the difference between APR and APY. Investment companies generally advertise the APY, while lenders tout APR.
Read more