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Question

Rs. 7,000 is invested in scheme ‘A’ offering simple interest of 12% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 6% p.a. What is the difference in interests earned from the two schemes after 3 years?

A Rs. 1080

B Rs. 1020

C Rs. 1030

D Rs. 1050

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