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v1 Financial Maths, STD2 F1 2021 HSC 19

Sophie bought a set of gym equipment four years ago. It depreciated by $1800 each year using the straight-line method of depreciation. The equipment is now valued at $6200.

Find the initial value of the gym equipment.  (2 marks)

--- 4 WORK AREA LINES (style=lined) ---

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`$13\ 400`

Show Worked Solution

`text{Find initial value}\ (V_0):`

`S` `=V_0-Dn`  
`6200` `=V_0-1800 xx 4`  
`V_0` `=6200 + 7200`  
  `=$13\ 400`  

Filed Under: Simple Interest and S/L Depreciation (Std 2-X) Tagged With: Band 3, num-title-ct-coreb, num-title-qs-hsc, smc-1124-20-Straight Line Depreciation, smc-4335-60-Straight-line, smc-808-20-Straight Line Depreciation

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