payoff: $9247

Monthly payment: $311.47

Interest charged: $65.65

I would like to know the APR I am paying on this loan

The APR of YOUR LOAN is on the loan documents and specifically can be found on the Truth In Lending Statement.

Or is this a homework assignment?

While you *could* go look it up, it's possible to figure it out too.

Start with "this month's interest is what percentage of the balance?"

x = $65.65 / $9247 = .0071, or 0.7% per month.

Annually, that's 12 months * .0071 = .0852, or about 8.5% per year.

i would say 8.52% simple interest

this figure derives from (65.65 *12 ) / 9247

8.5%. >> 65.65/311.47*12

payoff: $9247

Monthly payment: $311.47

Interest charged: $65.65

I would like to know the APR I am paying on this loan