The value of the phone after 1 year, 2 years, and 3 years will be $ 400, $300, and $200.
The quantity of anything is stated as though it were a fraction of a hundred. A quarter of 100 can be used to express the ratio.
The value of a phone when it was purchased was $500. It loses 1/5 of its value a year.
Then the value of the after 1 year will be
⇒ $ 500 - $ 500 x 1/5
⇒ $ 500 - $ 100
⇒ $ 400
Then the value of the after 2 years will be
⇒ $ 500 - $ 500 x 1/5 x 2
⇒ $ 500 - $ 200
⇒ $ 300
Then the value of the after 2 years will be
⇒ $ 500 - $ 500 x 1/5 x 3
⇒ $ 500 - $ 300
⇒ $ 200
Tyler says that the value of the phone decreases by $100 each year since 1/5 of 500 is 100. Yes, I agree with him.
More about the percentage link is given below.
https://brainly.com/question/8011401
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