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What is the annualized interest rate of 17.69%?
The annual interest rate 17% is equivalent to the monthly interest rate.

30,000 yuan means that the annualized interest rate of 30,000 yuan is 17%, that is, 17%, the interest for one year is 5 100 yuan, and the interest for one month is 425 yuan, because the principal multiplied by the annual interest rate equals the interest for one year, that is, 30,000 yuan multiplied by the annual interest rate 17% equals the interest for one year.