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Sameer Rao has taken a loan of ₹ 12500 a...

Sameer Rao has taken a loan of ₹ 12500 at a rate of 12 p.c.p.a. for 3 years. If the interest is compounded annually then how many rupees should he pay to clear his loan?

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Sameer Rao should pay ₹ 17561.60 to clear his loan after 3 years.
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