To solve for APR. <span>1. Divide the finance charge by the loan amount. 20/300 = 0.0667
2. Multiply the result by 365. 0.0667 x 365 = 24.35
3. Divide the result by the term of the loan. 24.35/14 = 1.74 (APR in decimal format) <span> 4. Multiply the result by 100. 1.74 x 100 = 174% APR</span></span>