[yskacar]

Thank you for your kind answer.

But I have another question.

If annual interest of principal $6,000,000 is $60,000, interest rate should be 1%.

However there is no 1% interest rate given in the question.

How you find this annual interest rate?

I got confused. thank you again

[yskacar]

Hello,

I saw this question accidentally and I wonder why do you use 60,000 instead of 6 million? Is is just to avoid zeros or what?

Thank you

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