What’s the APR and exactly how would it be Calculated? It isn’t really unheard of when it comes to annual amount rates (APR) to meet or exceed 500per cent and on occasion even 1000%. The annual percentage rate try calculated by ((principal * 365) / phrase) * 100. The average APR for a payday loan or cash advance is 391%. County legislation will determine how much cash a brick and mortar or online payday lender can provide and how a…