QUOTE(jlkh760830 @ Jan 18 2025, 09:36 PM)

Formula:
Interest = Principal × Interest Rate × Time (in years)
Assume an interest rate of 3.5% per year:
1. Principal: RM121,732,138.98
2. Interest Rate: 3.5% (0.035 as a decimal)
3. Time: 1 year
Interest = 121,732,138.98 × 0.035 × 1 = RM4,260,624.86
You would earn RM4,260,624.86 in interest after 1 year at a 3.5% annual interest rate.
I can spend RM1mln a year and it will last me 120 years.
Jan 18 2025, 09:48 PM

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