Question

A man had Rs.4800 in his locker two years ago. In the first year, he deposited 20% of the amount in his locker. In the second year, he deposited 25% of the increased amount in his locker. Find the amount at present in his lock?

Answer 1

6960 I'm not sure about my answer I hope it will help you

Answer 2

$ 4800 is the 100%
Now 20% of this amount will be deposited after 1st year which is $ 960
Thus the amount in the bank after 1 year is $5760

Now the 25% of the new amount is added in the 2nd year which is $ 1440
Thus the amount in the bank after the 2nd year is $ 7200