Understanding Interest Charges and APR

Oct 13, 2025 by wbrum.org 42 views

Understanding Interest Charges and APR

When borrowing money, it's essential to understand the interest charges associated with the loan. The interest charge is the amount of money added to the principal amount as a fee for borrowing. The annual percentage rate (APR) is the rate at which interest is charged on a loan, expressed as a yearly rate. In this article, we will use a table to determine the APR for a 35-month loan that charges $22.38 per every $100 financed.

Table: Interest Charges per $100 Financed

Loan Term (months)	Interest per $100 Financed
12	$12.68
24	$24.36
36	$36.04
48	$47.72
60	$59.40
72	$71.08
84	$82.76
96	$94.44
108	$106.12
120	$117.80
132	$129.48
144	$141.16
156	$152.84
168	$164.52
180	$176.20
192	$187.88
204	$199.56
216	$211.24
228	$222.92
240	$234.60
252	$246.28
264	$257.96
276	$269.64
288	$281.32
300	$293.00
312	$304.68
324	$316.36
336	$328.04
348	$339.72
360	$351.40
372	$363.08
384	$374.76
396	$386.44
408	$398.12
420	$409.80
432	$421.48
444	$433.16
456	$444.84
468	$456.52
480	$468.20
492	$479.88
504	$491.56
516	$503.24
528	$514.92
540	$526.60
552	$538.28
564	$549.96
576	$561.64
588	$573.32
600	$584.99
612	$596.67
624	$608.35
636	$620.03
648	$631.71
660	$643.39
672	$655.07
684	$666.75
696	$678.43
708	$690.11
720	$701.79
732	$713.47
744	$725.15
756	$736.83
768	$748.51
780	$760.19
792	$771.87
804	$783.55
816	$795.23
828	$806.91
840	$818.59
852	$830.27
864	$841.95
876	$853.63
888	$865.31
900	$876.99
912	$888.67
924	$900.35
936	$912.03
948	$923.71
960	$935.39
972	$947.07
984	$958.75
996	$970.43
1008	$982.11
1020	$993.79
1032	$1005.47
1044	$1017.15
1056	$1028.83
1068	$1040.51
1080	$1052.19
1092	$1063.87
1104	$1075.55
1116	$1087.23
1128	$1098.91
1140	$1110.59
1152	$1122.27
1164	$1133.95
1176	$1145.63
1188	$1157.31
1200	$1169.00
1212	$1180.68
1224	$1192.36
1236	$1204.04
1248	$1215.72
1260	$1227.40
1272	$1239.08
1284	$1250.76
1296	$1262.44
1308	$1274.12
1320	$1285.80
1332	$1297.48
1344	$1309.16
1356	$1320.84
1368	$1332.52
1380	$1344.20
1392	$1355.88
1404	$1367.56
1416	$1379.24
1428	$1390.92
1440	$1402.60
1452	$1414.28
1464	$1425.96
1480	$1437.64
1492	$1449.32
1504	$1460.99
1516	$1472.67
1528	$1484.35
1540	$1496.03
1552	$1507.71
1564	$1519.39
1580	$1531.07
1592	$1542.75
1604	$1554.43
1616	$1566.11
1628	$1577.79
1640	$1589.47
1652	$1601.15
1664	$1612.83
1680	$1624.51
1692	$1636.19
1704	$1647.87
1716	$1659.55
1728	$1671.23
1740	$1682.91
1752	$1694.59
1764	$1706.27
1780	$1717.95
1792	$1729.63
1804	$1741.31
1816	$1752.99
1828	$1764.67
1840	$1776.35
1852	$1788.03
1864	$1799.71
1880	$1811.39
1892	$1823.07
1904	$1834.75
1920	$1846.43
1932	$1858.11
1944	$1869.79
1960	$1881.47
1972	$1893.15
1984	$1904.83
2000	$1916.51
2012	$1928.19
2024	$1939.87
2040	$1951.55
2052	$1963.23
2064	$1974.91
2080	$1986.59
2092	$1998.27
2104	$2010.00
2120	$2021.68
2132	$2033.36
2144	$2045.04
2160	$2056.72
2172	$2068.40
2184	$2080.08
2200	$2091.76
2212	$2103.44
2224	$2115.12
2240	$2126.80
2252	$2138.48
2264	$2150.16
2280	$2161.84
2292	$2173.52
2304	$2185.20
2320	$2196

Understanding Interest Charges and APR

Table: Interest Charges per $100 Financed

Loan Term (months)	Interest per $100 Financed
12	$12.68
24	$24.36
36	$36.04
48	$47.72
60	$59.40
72	$71.08
84	$82.76
96	$94.44
108	$106.12
120	$117.80
132	$129.48
144	$141.16
156	$152.84
168	$164.52
180	$176.20
192	$187.88
204	$199.56
216	$211.24
228	$222.92
240	$234.60
252	$246.28
264	$257.96
276	$269.64
288	$281.32
300	$293.00
312	$304.68
324	$316.36
336	$328.04
348	$339.72
360	$351.40
372	$363.08
384	$374.76
396	$386.44
408	$398.12
420	$409.80
432	$421.48
444	$433.16
456	$444.84
468	$456.52
480	$468.20
492	$479.88
504	$491.56
516	$503.24
528	$514.92
540	$526.60
552	$538.28
564	$549.96
576	$561.64
588	$573.32
600	$584.99
612	$596.67
624	$608.35
636	$620.03
648	$631.71
660	$643.39
672	$655.07
684	$666.75
696	$678.43
708	$690.11
720	$701.79
732	$713.47
744	$725.15
756	$736.83
768	$748.51
780	$760.19
792	$771.87
804	$783.55
816	$795.23
828	$806.91
840	$818.59
852	$830.27
864	$841.95
876	$853.63
888	$865.31
900	$876.99
912	$888.67
924	$900.35
936	$912.03
948	$923.71
960	$935.39
972	$947.07
984	$958.75
996	$970.43
1008	$982.11
1020	$993.79
1032	$1005.47
1044	$1017.15
1056	$1028.83
1068	$1040.51
1080	$1052.19
1092	$1063.87
1104	$1075.55
1116	$1087.23
1128	$1098.91
1140	$1110.59
1152	$1122.27
1164	$1133.95
1176	$1145.63
1188	$1157.31
1200	$1169.00
1212	$1180.68
1224	$1192.36
1236	$1204.04
1248	$1215.72
1260	$1227.40
1272	$1239.08
1284	$1250.76
1296	$1262.44
1308	$1274.12
1320	$1285.80
1332	$1297.48
1344	$1309.16
1356	$1320.84
1368	$1332.52
1380	$1344.20
1392	$1355.88
1404	$1367.56
1416	$1379.24
1428	$1390.92
1440	$1402.60
1452	$1414.28
1464	$1425.96
1480	$1437.64
1492	$1449.32
1504	$1460.99
1516	$1472.67
1528	$1484.35
1540	$1496.03
1552	$1507.71
1564	$1519.39
1580	$1531.07
1592	$1542.75
1604	$1554.43
1616	$1566.11
1628	$1577.79
1640	$1589.47
1652	$1601.15
1664	$1612.83
1680	$1624.51
1692	$1636.19
1704	$1647.87
1716	$1659.55
1728	$1671.23
1740	$1682.91
1752	$1694.59
1764	$1706.27
1780	$1717.95
1792	$1729.63
1804	$1741.31
1816	$1752.99
1828	$1764.67
1840	$1776.35
1852	$1788.03
1864	$1799.71
1880	$1811.39
1892	$1823.07
1904	$1834.75
1920	$1846.43
1932	$1858.11
1944	$1869.79
1960	$1881.47
1972	$1893.15
1984	$1904.83
2000	$1916.51
2012	$1928.19
2024	$1939.87
2040	$1951.55
2052	$1963.23
2064	$1974.91
2080	$1986.59
2092	$1998.27
2104	$2010.00
2120	$2021.68
2132	$2033.36
2144	$2045.04
2160	$2056.72
2172	$2068.40
2184	$2080.08
2200	$2091.76
2212	$2103.44
2224	$2115.12
2240	$2126.80
2252	$2138.48
2264	$2150.16
2280	$2161.84
2292	$2173.52
2304	$2185.20
2320	$2196