Question

Please help its a math problem

An iPhone costs $1400 loses 3/8 of its value each year. What is the value of the iPhone after 3 years?


Question 6 options:


$341.80



$546.88



$1398.86



$73.83

Answer 1

$341.80

Explanation:

Value after 1 year :

• 1400 x (1 - 3/8)
• 1400 x 5/8
• 25 x 7 x 5
• 125 x 7
• $875

Value after 2 years :

• 875 x 5/8
• 4375/8
• $546.88

Value after 3 years :

• 546.88 x 5/8
• 2734.40/8
• $341.80