A bank put forward a personal micro-credit loan scheme, with a loan of 300,000 yuan, only 10000 per month, to be paid off in three years. Calculate the annual interest rate of the loan?

FYI

According to the conditions provided by you, the repayment method is equal principal and interest repayment. According to the calculator, the annual interest rate of this loan is about 12.249%.

Can be calculated by personal loan calculator:/cmbwebpubinfo/cal _ loan _ per.aspx? chnl=dkjsq

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