Question

The value of a phone when it was purchased was $500. It loses 1/5 of its value a year. What is the value of the phone after 1 year?

Answer 1

`\huge\boxed{\sf \$400}`

Explanation:

Value of phone = $500

Loss in price = 1/5 of total price

Loss in price:

= 1/5 × 500 (of means to multiply)

= 1 × 100

= $100

Value of phone after one year:

= Actual price - loss

= 500 - 100

= $400

`\rule[225]{225}{2}`