Calculate the annual interest rate of 2.8 million yuan for three years, the monthly repayment principal is 77,777.78, and the total interest for three years is 2,765,438+0,440.98. Calculate the annual

Calculate the annual interest rate of 2.8 million yuan for three years, the monthly repayment principal is 77,777.78, and the total interest for three years is 2,765,438+0,440.98. Calculate the annual interest rate of the loan. The loan is 2,800,000 yuan for three years, and the monthly principal repayment is 77,777.78, and the total interest for three years is 2,765,438+0,440.98.

According to the above situation, the annual interest rate of your loan is calculated as = (271440.98/3)/(280/2) = 6.463%.

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