3 years ago

Hello everyone!

1 answer:

Ivan3 years ago

3 0

After 1 year it is worth 108% of its original value
108% = 1.08
so 1.08 x 1000 = $1080

After 2nd year it is worth 92% of that $1080
92% = 0.92
so 0.92 x 1080 = $993.60

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