If you deposit Rs. 110 in a bank at a simple interest of 12% per year, how much money will you have in the bank after 2 years?
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S. I= p*r*t/100
= 110*12*2/100
S. I = 26.40
amount = principal + S. I
amount = 110+26.40=136.40
= 110*12*2/100
S. I = 26.40
amount = principal + S. I
amount = 110+26.40=136.40
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