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Simple interest = Principal X (rate/100) X timeInterest earned from 1 st scheme = (9,500 X (12/100) X 4) = Rs. 4,560Interest earned from 2 nd scheme = (8000 X (20/100) X 4) = Rs. 6,400So, required difference = 6,400 - 4,560 = Rs. 1,840
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