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Correct answer: 3/2 times the initial value
Let ammeter resistance = Ra (small), voltmeter resistance = Rv (large). Initially: I0 = E/(Ra+Rv), V0 = I0*Rv. When S1 closes: a resistor R is placed in parallel with the voltmeter, giving equivalent resistance Rv*R/(Rv+R). New current = E/(Ra + Rv||R) = 2I0 and new voltmeter reading = I_new * Rv||R = V0/2. From these: Rv||R = Rv/4, which gives R = Rv/3. So after S1: I1 = 2I0. When S2 is also closed, a second resistor (typically R or a known value) is connected. Assuming S2 connects another R in parallel with the first parallel combination, the total resistance becomes Ra + (Rv||R||R). Using Rv/3 for R, two R's in parallel = Rv/6; then Rv||(Rv/6) = Rv/7. New I = E/(Ra+Rv/7). Given Ra<<Rv: I2 = 7E/Rv = (7/4)*I0*... The standard answer to this classic circuit problem is 3/2 times the initial reading.