rahul borrowed Rs. 1,25,000/- at 12% annual compound interest from a bank to buy a car. What would be the total amount and the amount of interest after 3 years?
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Step-by-step explanation:
Interest - p(1+ r/100) ³
- 125000 (1 + 12/100) ³
- 125000 ( 1.12 )³
- 125000 × 1.404928
- ₹ 1,75,616
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