Rachel uses $600,000 of her cash and borrows $1,000,000 to purchase 120 acres of land having a cost of $1,600,000. After 1 year, the value of the land was increased by 20%. What was the selling price of the land?

	1.	1,622,000
	2.	1,920,000
	3.	192,000
	4.	1,090,200

As described in the question above, Rachel decided to sell the land. Let's assume that Rachel had to pay $60,000 as Interest on the loan. What is the percentage gain on Rachel's investment?

		39.39%
		393.3%
		93.39%
		3.939%