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FCI AGM Phase I Practice Questions - FCI Assistant General Manager (AGM) Phase I Exam

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A sum of ₹12,000 is invested in a scheme offering 10% per annum compound interest, compounded annually for 2 years. If the same sum was invested in another scheme offering simple interest at 10.25% per annum for the same period of 2 years, what is the difference in the interest earned between the two schemes?
Correct Answer:
₹60

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