Step-by-step explanation:
Money in the beginning: 400$.
Money after the first raise: 400$+5%*400$=420$
5%*400= 5*400/100=20$
The second raise is applied on the money AFTER THE FIRST RAISE.
420$+6%*420=445.2$
6%*420= 420*6/100 = 25.2$
