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A person deposited a sum of 6,000 in a bank at 5% per annum simple interest. Another person deposited 5,000 at 8% per annum compound interest. After two years, the difference of their interests will be ?

Correct Answer: 232

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Math MCQ: A person deposited a sum of 6,000 in a bank at 5% per annum simple interest. Another person deposited 5,000 at 8% per annum compound interest. After two years, the difference of their interests will be ? | Extra Education