Question
Meena invests Rs. 55,000 in Scheme 'L' and Rs. 32,000 in Scheme 'M'. Scheme 'L' provides simple interest at 11% p.a. for 3 years, and Scheme 'M' offers 10% p.a. for 4 years. What is the difference between the simple interest earned from Scheme 'L' and Scheme 'M'?
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