A new car costs £12,000. It decreases in value by 5% each year for the first 5 years and then increases in value by 2% after that. How much does it cost after 7 years?
12,000 x 0.95^5=9285.37 7-5=2 9285.37x1.02^2=9660.50
MP
12,000 x 0.95^5=9285.37 7-5=2 9285.37x1.02^2=9660.50
