Samrat invests Rs. 10,250 in an investment scheme offering 12% p.a. compounded quarterly and Rs. 12,250 in another scheme offering 16% p.a. compounded quarterly. What will be the difference between the interests received by Samrat from both investment schemes after a year?

Scheme 1: 10250 at 12% p.a. compounded quarterly (3% per quarter) for 4 quarters. Interest = 10250 * (1.03^4 - 1) = 10250 * 0.12550881 = 1286.46. Scheme 2: 12250 at 16% p.a. compounded quarterly (4% per quarter) for 4 quarters. Interest = 12250 * (1.04^4 - 1) = 12250 * 0.16985856 = 2080.77. Difference = 2080.77 - 1286.46 = 794.31, which rounds to 795.