A man has Rs.4800 in his locker 2 years ago. in the first year, he deposited 20% more of the amount in his locker. in the second year, he deposited 25% of the increased amount in his locker. find the total amount at present in his locker ?

Open in App

Solution

Amount in locker was = $4800$ Rs.
Deposit in first year = $20 %$
$= 4800 \times \frac{20}{100} = 960 R s .$
$\Rightarrow$ Amount after 1 year = $4800 + 960 = 5760$ Rs.
Deposit in 2nd year = 25% of increased amount = 25% of $960$
$= 960 \times \frac{25}{100} = 240$ Rs.
$\Rightarrow$ Amount after 2nd year $= 5760 + 240$ $= 6000 R s .$
$\Rightarrow$ Total amount at present, in the locker is $= 6000$ Rs.

Suggest Corrections

Similar questions

Rangaji deposited Rs. 6050 in his saving account. His amount increases by $\frac{1}{5}$ times of itself after two years. What is the maturity amount (in Rs.)after two years?

Q. At the beginning of year 2011, a man had Rs 22,000 in his bank account. He saved some money by the end of this year and deposited it in the bank. The bank pays 10% per annum compound interest and at the end of 2012 he had Rs 39,820 in his bank account. Find what amount of money he had saved and deposited in his account at the end of year 2011.

Q. A man deposited Rs. 10000 in a bank at rate of 5% simple interest annually. Find the amount in 15^th year since he deposited the amount & also calculate the total amount after 20 years ?

Q. Sonu donated

\frac{3}{11}

of his salary to a charity fund. He deposited

\frac{1}{4}

of the amount in his savings account and he left with Rs. 4200. Calculate -
1) His total salary.
2) Amount donated to charity.
3) Amount deposited in his savings account.

Q. In the year

2000

, a businessman started his business with

25, 00, 000

. He spends

50, 000

at the end of year

2005

and

2010.

His total amount doubles every five years. His amount in the year

2020

will be :

Join BYJU'S Learning Program

A man has Rs.4800 in his locker 2 years ago. in the first year, he deposited 20% more of the amount in his locker. in the second year, he deposited 25% of the increased amount in his locker. find the total amount at present in his locker ?

Amount in locker was = 4800 Rs.Deposit in first year = 20%=4800×20100=960Rs.⇒ Amount after 1 year = 4800+960=5760 Rs.Deposit in 2nd year = 25% of increased amount = 25% of 960=960×25100=240 Rs.⇒ Amount after 2nd year =5760+240 =6000Rs.⇒ Total amount at present, in the locker is =6000 Rs.