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For all intents and purposes - yes. The US pound differs from the international pound by approximately one part in 10 million.
It depends on the rate of interest, how it is compounded, and how long it draws interest.
as of today, the interest rate in the United States( with the currency 1 million dollars) is 0.25% Therefore, after one month, the one million dollar will have an interest of: $2500 ((1000000/100)*0.25)
300,000,000 pounds.
what is 5% of 16000