p = $110
r = 6% = 6/100
t = 2 years
[tex]SI=\frac{prt}{100}=\frac{110\times6\times2}{100}=\frac{1320}{100}=\text{ \$}13.2[/tex]simple interest = $13.2
The future value will be
[tex]\begin{gathered} FV=110(1+0.06)^2 \\ FV=110(1.06)^2 \\ FV=110\times1.1236 \\ FV=123.596=\text{ \$123.596} \end{gathered}[/tex]