Density of the teak wood sample = 0.48 g/cm3
Volume of the teak wood sample = Mass / Density
= 480 g / 0.48 g/cm3
= 1000 cm3
Mass of the iron sample = 7900 g
Density of the iron sample = 0.79 g/cm3
Volume of the iron sample = Mass / Density
= 1000 cm3
Both the teak wood and iron samples will occupy the same amount of space.