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, 2 years, and 3 years?

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asked Jun 19, 2023 128k views

5 votes

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, 2 years, and 3 years?

Mathematics
college

Chepyle asked

by Chepyle

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1 Answer

4 votes

Answer:

$200

Explanation:

1/5 of 500 is 100 because 5 100s equal 500. so 3 years is 300. 500-300=200

Jorge Machado answered Jun 25, 2023

by Jorge Machado

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