Ravi obtained a loan of Rs.125000 from a bank. The bank charges 8% compound interest per annum, compounded annually. What amount will he have to pay at the end of 3 years to clear his debt.
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Ravi obtained a loan of Rs.125000 from a bank. The bank charges 8% compound interest per annum, compounded annually. What amount will he have to pay at the end of 3 years to clear his debt.
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