Step 1: Calculate new amounts after bonus
Arjun's amount after bonus = 47,000 + 2,000 = 49,000
Kiran's amount after bonus = 54,000 + 2,000 = 56,000
Step 2: Find the ratio
Ratio = $\frac{49,000}{56,000} = \frac{49}{56}$
Step 3: Simplify the ratio
Both numerator and denominator are divisible by 7:
$\frac{49 \div 7}{56 \div 7} = \frac{7}{8}$
Step 4: Conclusion
The ratio of the amounts in their bank accounts after the bonus is 7:8.