| Loan Amount | £750.00 |
| Start Date | 15/09/2026 |
| Duration | 12 months |
| Finish Date | 15/09/2027 |
| Total Days | 365 days |
| Monthly Rate | 9.8% |
| Total Interest | £882.00 |
| Total Repayment | £1,632.00 |
| APR | 117.60% |
Step 1: Monthly interest amount
£750.00 × 9.8% = £73.50 per month
Step 2: Duration in months
12 months
Step 3: Total interest
£73.50 × 12 months = £882.00
Step 4: Total repayment
£750.00 + £882.00 = £1,632.00
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)
£882.00 ÷ £750.00 = 1.17600000
Step 2: 1 + C/P
1 + 1.17600000 = 2.17600000
Step 3: t (Duration in years)
12 months ÷ 12 = 1.00000000 years
Step 4: 1/t
1 ÷ 1.00000000 = 1.00000000
Step 5: (1 + C/P)1/t
2.176000001.00000000 = 2.17600000
Step 6: APR
100 × (2.17600000 − 1) = 117.60%