| Loan Amount | £200.00 |
| Start Date | 25/05/2026 |
| Duration | 6 months |
| Finish Date | 25/11/2026 |
| Total Days | 184 days |
| Monthly Rate | 152% |
| Total Interest | £1,824.00 |
| Total Repayment | £2,024.00 |
| APR | 10,141.44% |
Step 1: Monthly interest amount
£200.00 × 152% = £304.00 per month
Step 2: Duration in months
6 months
Step 3: Total interest
£304.00 × 6 months = £1,824.00
Step 4: Total repayment
£200.00 + £1,824.00 = £2,024.00
APR = 100 × { (1 + C/P)1/t − 1 }
C = Total Interest • P = Loan Amount • t = Duration in Years
Step 1: C / P (Total Interest ÷ Loan Amount)
£1,824.00 ÷ £200.00 = 9.12000000
Step 2: 1 + C/P
1 + 9.12000000 = 10.12000000
Step 3: t (Duration in years)
6 months ÷ 12 = 0.50000000 years
Step 4: 1/t
1 ÷ 0.50000000 = 2.00000000
Step 5: (1 + C/P)1/t
10.120000002.00000000 = 102.41440000
Step 6: APR
100 × (102.41440000 − 1) = 10,141.44%