Question

mani ram deposited 4800 rupees in a locker 2 years ago. in the first year he deposited 20% of the amount in locker. in the second year he deposited 25% of the increased amount. find amount at present in his locker?

Answer 1

The amount at present in his locker is Rs. 6000

Explanation

Mani ram deposited 4800 rupees in a locker 2 years ago and in the first year, he deposited 20% of the amount in locker.

So, the amount deposited in the first year = 20% of Rs. 4800 $= (Rs. 4800*0.20)=Rs. 960$

Now, in the second year he deposited 25% of the increased amount. That means he deposited 25% of Rs. 960 in the second year, which will be: $(Rs. 960*0.25)=Rs. 240$

Thus, the amount at present in his locker $= Rs. (4800+960+240)=Rs. 6000$