The answer is 950cm^3 of water must be added.
Let's start with the initial solution. We know that we have an initial volume of V_1 = 300.0cm^3 and a density of rho = 1.38 g/(cm^3). Automatically, we can find out what the mass of the solution is by using
rho = m_(solution)/V_1 -> m_(solution) = rho * V_1 = 1.38 g/(cm^3) * 300.0 cm^3 = 414g
We know that we're dealing with a 48% percent concentration by mass solution of H_2SO_4, which means that we have 48g of H_2SO_4 for every 100g of solution. This means that the mass of sufuric acid, which represents the solute is equal to
c = m_(solute)/m_(solution) * 100%
m_(solute) = (c * m_(solution))/(100%) = (48% * 414g)/(100%) = 198g
The number of moles of sulfuric acid, knowing its molar mass of 98.0g/(mol), is equal to
n_(H_2SO_4) = m/(molarmass) = (198g)/(98.0g/(mol)) = 2.02 moles
The acid's molarity, expressed in moles per dm^3, is equal to
C_1 = n/V = (2.02mol es)/(300.0 * 10^(-3) dm^3) = 6.73(mol es)/(dm^3)
We can now use a simple dilution calculation to determine the volume of the desired solution
C_1 * V_1 = C_2 * V_2 -> V_2 = C_1/C_2 * V_1
V_2 = 6.73/1.61 * 300.0 cm^3 = 1250 cm^3
This means that the volume of water that needs to be added is 1250 - 300 = 950cm^3.
You can check the answer by determining the second solution's density
rho_2 = m_(solution2)/V_2 = (414g + 950g)/(1250cm^3) approx 1.10 g/(cm^3) - what is given for the second solution.