Question

"I made some money yesterday" he explained.(rewrite in reported speech)

Answer 1

He explained that he had made some money the previous day.
OR
He explained that he had made some money the day before.

Answer 2

He explained that "He had made some money the day before"

Reported speech is a speaker's words reported in subordinate clauses governed by a reporting verb, with the required changes of person and tense e.g. he said that he would go, based on he will go.

To answer the question,

Here, yesterday would be changed to "the day before" and had would be added to the sentence as the event has already occurred.

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