Answer :

Let principal = ₹x


At the rate of 8% compound interest per the annum the amount for 3 years



= ₹1.259x


Compound interest for 3 years =₹ (1.259x – x)


By the condition, 1.259x – x = 31492.80


0.259x = 31492.80


x = 121593.82


Principal is ₹121593.82


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