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
Answer:
it depends on which state your in or in your even in the us usually it is either 6% or 4% some times more or less % so im going to do both
50*0.06=53
50*0.04=52
Hope This Helps!!!
Uh I’d don’t know try to multiply them together to see what you get