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Recursion and Financial Modelling Problem Solving Task Practice SAC
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3
April 2026
2025/2026
A+
1. Ben is a mobile mechanic. He uses a van to travel to his customers to repair their
cars. The value of Ben's van is depreciated using the flat rate method of depreciation.
The value of Ben's Van is worth $75000 - $90000
The value of Ben's van, depreciated by a flat rate of 12% - 16% of the purchase price per
annum.
Cost of van chosen:
p.a..........
.$80,000. Interest rate chosen: ....14%
a) By how many dollars is the value of the van depreciated each year?
Finding D (common d...
musitafawawire937
$9.49
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