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The value of a golf cart depreciates each year by 15%. if it costs $16,000. what is its value at the end of three years?

The value of a golf cart depreciates each year by 15%. if it costs $16,000. what is its value at the end of three years?
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the value of a golf cart depreciates each year by 15%. if it costs $16,000. what is its value at the end of three years?

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User Thanasissdr
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7.9k points

1 Answer

2 votes


16000 * .15 = 2400

2400 * 3 = 7200 \\ 16000 - 7200 = 8800
It would be worth $8,800.00
answered
User Pgcudahy
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