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The Password Riddle

The Password Riddle Solution - 14 March

A system error causes the change of Sumit net banking password. To sort this out, he calls the customer care. The following is the conversation he has with the executive:

Sumit: My password is changed.
Custom Care Executive: We have kept your password distinct this time. It has 8 letters out of which, 3 letters are same as previous.
Sumit: Okay, thanks.

Can you determine the old as well as the new password of Sumit net banking account after reading the conversation carefully?

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