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Calculating APR on 0% fee deal
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patchman
Posts: 101 Forumite
in Credit cards
I have just taken out a £10000 BT at 0% for 9 months with a £300 fee , can anyone help me with the APR that this equates too ??
£300 for 9 months = £400 for 12 months
£400 / £10000 = 0.04 or 4% APR...is this right??
Thanks in advance,
£300 for 9 months = £400 for 12 months
£400 / £10000 = 0.04 or 4% APR...is this right??
Thanks in advance,
0
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yes thats about right0
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