the price of softwood changes each year the price has increased by 6% per annum for the past 5 years before this the price decreased by 2% per annum seven years ago the price of softwood was 34 per meter cubed

Guest Sep 28, 2017

#1**+1 **

So.....I assume you want to know the current price???

If so ....after the first two years, the price was 34 (.98)^2 ≈ 32.65 per m^3

[ each successive year the price was 98% = .98 of the year before]

And in the next five years it increased to its current price of 32.65 (1.06)^5 ≈ 43.69 per m^3

[each successive year after the second one, the price rose by 6% = 1 + .06 = 1.06 ]

Thanks to the guest for spotting my earlier error....I'm not with it today....LOL!!!!!

CPhill
Sep 28, 2017