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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?
Verified Answer
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:
Initial amount = 4000 rupees
Deposit in the first year = 20% of 4000 = 800 rupees
Increased amount after first year = 4000 + 800 = 4800 rupees
Deposit in the second year = 10% of 4800 = 480 rupees

To find: Total amount in the account after 2 years

Solution:
Total amount after 2 years = Initial amount + Deposit in first year + Increased amount after first year + Deposit in second year
= 4000 + 800 + 4800 + 480
= 10080 rupees

Therefore, the correct answer is option B) 5280.
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