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A man has 4000 rupees in his account two years ago. In the first year he deposited 20 percent of the amount in his account. In the next year he deposited 10 percent of the increased amount in the account. Find the total amount in the account of the person after 2 years.
  • a)
    6650
  • b)
    5280
  • c)
    5740
  • d)
    5840
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
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A man has 4000 rupees in his account two years ago. In the first year ...
Answer – b) 5280 Explanation : 4000 + 800 + 480 = 5280
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Most Upvoted Answer
A man has 4000 rupees in his account two years ago. In the first year ...
First year deposit 800. 4000 +800= 4800 next year deposit 10%. ( 4800 + 480 = 5280) so ans is option b
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Community Answer
A man has 4000 rupees in his account two years ago. In the first year ...
Given:
A person had Rs.4000 in his account two years ago.
In the first year he deposited 20% in his account
Next year he deposited 10% of the increased amount.
Calculation:
In the first year, 
He deposit = 20% × 4000 = Rs. 800
∴ Increased amount after 1st year = 4000 + 800 = 4800
Next year,
He deposit = 10% × 4800 = 480
∴ Total amount in the person's account after 2 years = 4800 + 480
= 5280
∴ Total amount in the person's account after 2 years = 5280
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A man has 4000 rupees in his account two years ago. In the first year he deposited 20 percent of the amount in his account. In the next year he deposited 10 percent of the increased amount in the account. Find the total amount in the account of the person after 2 years.a)6650b)5280c)5740d)5840e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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