How much interest a year on 1000000 dollars?

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1263580

2026-07-17 06:30

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The amount of interest earned on $1,000,000 in a year depends on the interest rate. For example, at an annual interest rate of 3%, the interest would be $30,000. At a higher rate of 5%, it would amount to $50,000. Always check the specific rate being offered to determine the exact interest.

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