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, 2 years, and 3 years?

Answer 1

$200

Explanation:

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