Hi I was wondering if someone could help me with this. I have figures for a 10 week loan including the yearly APR% but need to find the formula that calculates the APR%, so work backwards. These are the figures I have

loan amount - £350.00

Loan Charge - £175.00

Loan Period - 10 weeks

Weekly Repayments - £52.50

Weekly interest - 5%

Annual Interest - 260%

APR - 5763.6%

Can anyone help with the formula that would calculate the APR figure based on the above.

Thanks in advance

Tony

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