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Q. A person deposited a sum of of Rs 6000 in a bank at 5% per annum simple interest. Another person deposited Rs 5000 at 8% per annum compound interest. After two years, the difference of their interest will be = ?

  • (A) Rs. 230
  • (B) Rs. 232
  • (C) Rs. 832
  • (D) Rs. 600
  • Correct Answer - Option(B)
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