A bank pays 10% per annum as interest on its deposits while it charges 12% pe

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A bank pays 10% per annum as interest on its deposits while it charges 12% per annum as interest from its borrowers. If at the end of a year the bank earns Rs 2.4 crore as simple interest, how much money was transacted ir1 its business during the year?

Options:

A . Rs 100 crore

B . Rs 110 crore

C . Rs 120 crore

D . Rs 130 crore

Answer: Option C

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