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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
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A man has 4000 rupees in his account two years ago. In the first year ...
Initial Amount
The man starts with an initial amount of 4000 rupees in his account.
First Year Deposit
- He deposits 20% of the initial amount in the first year.
- Calculation: 20% of 4000 = 0.20 * 4000 = 800 rupees.
- New Balance after First Year:
4000 + 800 = 4800 rupees.
Second Year Deposit
- In the second year, he deposits 10% of the increased amount (the amount after the first deposit).
- Calculation: 10% of 4800 = 0.10 * 4800 = 480 rupees.
- New Balance after Second Year:
4800 + 480 = 5280 rupees.
Total Amount After Two Years
- The total amount in the account after two years is 5280 rupees.
Conclusion
- Therefore, the total amount in the account of the person after 2 years is 5280 rupees, which corresponds to option 'B'.
Free Test
Community Answer
A man has 4000 rupees in his account two years ago. In the first year ...
4000 + 800 + 480 = 5280
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