Current location - Loan Platform Complete Network - Loan consultation - Weibo borrowed 5,000 yuan in three installments, and each installment was repaid at 1767.65 yuan. How to calculate the interest rate?
Weibo borrowed 5,000 yuan in three installments, and each installment was repaid at 1767.65 yuan. How to calculate the interest rate?
Many users may not know that well-known platforms such as Weibo Lending usually follow the IRR calculation formula of the central bank, so the annual interest rate is 36%. The interest rate agreed by the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement exceeding the part is invalid. In other words, 36% is still within the scope of laws and regulations.