The loan is 30 million yuan, with five-year interest150,000 yuan, and the principal and interest are repaid once every six months. What is the average annual interest rate?
The total interest is 6.5438+0.5 million yuan, which is 3 million yuan per year for five years. The annual interest rate is 654.38+05 million/30 million /6 * 654.38+02) or once a year (3 million/30 million).
It's good enough to get a loan from the bank at this level. The general annual interest rate is 1 1- 12 (all expenses).