Question

If you deposit 110 rs in a bank at a simple interest of 12% per year . how much money will you have in thr bank after 2 years

Answer 1

We Know,

S.I. = $\frac{P*R*T}{100}$

      = $\frac{110*12*2}{100}$

      = 26.4


Hence,we will get 26.4