Quizzes & Puzzles13 mins ago
are my eyes decieving me?
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183.2% typical apr on that loan adverticement bottom left? Thats steep!! How can they charge that a mount. get away with it?
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And gormless - I did give my opinion of the interest rate.
If you were to borrow �10 off me, and paid back �1 a week for 15 weeks, the interest would be �5, or 50%.
But worked out using APR it would have a much high per centage rate because of the way it is calculated.
And gormless - I did give my opinion of the interest rate.
If you were to borrow �10 off me, and paid back �1 a week for 15 weeks, the interest would be �5, or 50%.
But worked out using APR it would have a much high per centage rate because of the way it is calculated.
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