How to resolve "Failed to resolve loader: sass-loader" Error in VueJs 3?

How to resolve "Failed to resolve loader: sass-loader" (or) "TypeError: this.getOptions is not a function" Issue in VueJs 3?

Solution:-

cd <Root of the Project Directory>
npm install -D sass-loader@10.1.1 sass
rm -rf node_modules
npm install
npm run serve