1 percent of 250 million is 2.5 million .
The accumulation per year depends on whether it's simple, annual interest,
or whether it's compounded at some interval during the year.
You also need to know whether it's going to be compounded after the first year,
because if it is, then you head into the second year owing 252.5 million, not 250.
150,000 per year (simple interest, no compounding)
That's not a number.
1 percent of 2,000 is 20 .
The interest for 1 year is 37.00, whether it is simple or compound interest.
The annual (or annualised) interest rate.
Interest on $20 millions depends on the percentage. If the interest rate is 5 percent, the return for the year $1 million.