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Hello, I borrowed 80,000 yuan, with three-year interest 1.6 million. How much is the interest?
The monthly interest rate is about 5.6‰.

The interest calculation formula is, interest = principal * term * interest rate, so,

Interest rate = interest/(principal * term) *1000 ‰ =16000/80000 * 36) *1000 ‰ ≈ 5.6 ‰

It's about 5.6% per month.

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