### Solution:

Given as follows,Percentage of amount deposited by Medha in a bank = 20%

Money left with her after spending 20% = Rs. 4800

We have to determine the original amount of money that Medha had.

So, let y be the amount which Medha had originally.

Now, as stated, she has deposited 20% in the bank, which can be expressed mathematically as follows,

20% of y = $\n \n \n \n 20\n \n 100\n \n y\n $ or $\n \n \n 1\n 5\n \n y\n $.

So, after depositing $\n \n \n 1\n 5\n \n y\n $ in bank, the amount which remains with Medha,

$\n \n \n \n y\u2212\n y\n 5\n \n =\n \n 5y\u2212y\n 5\n \n \n \n \n \n \n =\n 4\n 5\n \n y\n \n \n \n \n $

Again, she spent 20% of the remaining amount,

20% of the remaining money = $\n \n \n \n 20\n \n 100\n \n \xd7\n \n 4y\n 5\n \n =\n \n 4y\n \n 25\n \n \n $.

We know, the amount remaining after this expenditure is Rs. 4800.

So, we can form an equation using this information as follows,

$\n \n \n \n 4y\n 5\n \n \u2212\n \n 4y\n \n 25\n \n =4800\n $ $\n \n \n \n \n \n 20y\u22124y\n \n 25\n \n =4800\n \n \n \n \n \n \n 16y\n \n 25\n \n =4800\n \n \n \n \n y=\n \n 4800\xd725\n \n 16\n \n \n \n \n \n \n y=300\xd725\n \n \n \n \n y=7500\n \n \n \n \n $

So, the original amount of money that Medha had is found to be Rs. 7500.

Hence, the correct option is (2).