annual interest rate
= interest/(principal * years)
=600/( 10000* 1)
=6%
(2) Equal repayment of principal and interest
The annual interest rate of the loan is 10.8964%.
The loan amount is 6,543,800 yuan.
The loan term is 1 year.
The total repayment amount is 10600 yuan.
Total interest 600 yuan
The monthly repayment is 883.33 yuan.