Two years ago, Ram put $1,000 into a savings account. At the end of the first year, his account had accrued $200 in interest bringing his total balance to $1,200. The next year, his account balance increased by 20%. At the end of the two years, by what percent has Ram's account balance increased from his initial deposit of $1,000 ?	Choose one:
A) 19%
B) 30%
C) 42%
D) 45%
E) 25%
investment 1000 dollars   1 st year total gained = 200   total amount end of first year = 1200   second year account increased by 20 % = 1200*0.2= 
<gadget id="calculator">1200*0.2</gadget>
<output>240</output>
240   therefore total amount by second year end= 1420   so total percentage increase in money = (1420-1000)*100/1000= 
<gadget id="calculator">(1420-1000)*100/1000</gadget>
<output>42</output>
42 %   42%orrect Answer 42%=42%
<result>C</result>
Two years ago, Ram put $1,000 into a savings account. At the end of the first year, his account had accrued $200 in interest bringing his total balance to $1,200. The next year, his account balance increased by 20%. At the end of the two years, by what percent has Ram's account balance increased from his initial deposit of $1,000 ?