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Holly's new iPhone cost $1200. The value decreases 8% each month. How much will it be worth in 1 year?

User SebTHU
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1 Answer

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Answer:

After 1 month, the value of the iPhone will decrease by 8/100 * $1200 = $<<8/100*1200=96>>96.

After 1 year, the value of the iPhone will decrease by 12 * 96 = $<<12*96=1152>>1152.

The iPhone will be worth $1200 - $1152 = $<<1200-1152=48>>48. Answer: 48.

User Marc Greenstock
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