a builder borrows rs 1261 from the bank to be paid back with compound interest at the rate of 5% p.a. by the end of 3 years in 3 equal yearly
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principal=1261 Interest=5% time=3 year a=P×I×T÷100=Amount
=1261×5×3÷100=1261×15÷100=18915×100=189.15
the builder return 189.15 rupees to bank
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