Sajjad Hussain min readPhoto by Taylor Grote on Unsplash Both are similar terms, and they are all related to interest rates, APR is the annual interest rate. It measures the interest charged when you borrow money. APY is a metric of the interest you will earn when you deposit some amount in any currency. Bothabbrivations are looking similar, but they are actually quite different. Understanding these differences can help you make the right…
