Galactic Bank goes into a reverse repurchase agreement (reverse repo) in order to purchase government securities from some other bank at a given price of $10,000,000. Along with this, they have also made a promise to sell these funds back at its purchase price & interest after a period of 12 days. The yield on this reverse repurchase agreement (reverse repo) is determined to be 1%. How much interest in USD ($) will Galactic Bank receive on this transaction?