$1729.8
Explanation
Step 1
as the rate is 7 %, after the first year the value is
[tex]\begin{gathered} Value_1=2000\cdot(1-\frac{7}{100}) \\ \\ \text{Value}_1=2000(0.93) \\ \text{Value}_1=1860 \end{gathered}[/tex]it means after 1 year the product has a value of $1860
Step 2
now, for the year 2, do the same
[tex]\begin{gathered} \text{Value}_2=value_1(1-\frac{17}{100}) \\ \text{replace} \\ \text{Value}_2=1860(0.93) \\ \text{Value}_2=1729.8 \end{gathered}[/tex]so, after 2 years the value is $1729.8
I hope this helps you
