I'd like some help with putting together a short term loan apr calculator.
Most of the solutions I have found online ony work with Months/Years I need one that will work with days.
Loan = £100
Repayment = £150
Period = 20 days
In this instance the Interest would be 50% but what would the (UK) APR be ?
Input should be Loan, Period and Int. Rate giving a result of the APR.