Question: 1) A bank borrows $1,000,000 for 1 month at a simple interest rate of 9% per annum. How much the bank will pay back at

1) A bank borrows $1,000,000 for 1 month at a simple

1) A bank borrows $1,000,000 for 1 month at a simple interest rate of 9% per annum. How much the bank will pay back at the end of 1 month

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