# The Consumer Credit (Total Charge for Credit) Regulations 1980, Regulation 8: Calculation where fixed-sum credit is provided and repayable in single lump sum


In the case of an agreement for fixed-sum credit provided in a single lump sum repayable at the end of a specified period in a single lump sum being repayment of the credit and of the total charge for credit, the annual percentage rate of charge is given by the following formula—
100 ⁢ [ ( 1 + C P ) 1 t − 1 ] C is the total charge for credit;
P is the amount of the credit; and
t is the period beginning with the relevant date and ending with the date of repayment expressed in years.

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Source: https://www.legislation.gov.uk/uksi/1980/51/regulation/8 (the official version)
Page: https://openlegislation.uk/consumer-credit-total-charge-for-credit-regulations-1980/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.