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You are given a bank statement. Answer the following questions based on the statement.
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3 stepsHere are the solutions to the banking document questions:
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The opening balance is One thousand three hundred ninety-six Rand and ninety-eight cents.
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In a bank statement, a debit is money taken out of the account, reducing the balance. A credit is money put into the account, increasing the balance.
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Step 1: Identify all bank charges from the statement.
- Cash deposit fee:
- ATM charge (5/8):
- ATM charge (6/8):
- ATM charge (7/8): (nil)
Sum the identified bank charges.
$$ \text{Total charges} = \text{R}48.00 + \text{R}7.50 + \text{R}7.50 + \text{R}0.00 = \text{R}63.00 $$ The total amount paid in bank charges is $\boxed{\text{R}63.00}$.4. Step 1: Locate the transaction on 4/8 that increased the balance. The "Medical Aid refund" transaction on 4/8 shows a credit of .
State the amount and reason.
The amount deposited into the account on 4/8 was $\boxed{\text{R}765.56} $ for a **Medical Aid refund**.5. The ATM withdrawal on 7/8 would have a nil (zero) charge if it was done at an ATM belonging to the same bank as Themba's account, or if Themba has a specific account package that waives ATM withdrawal fees.
- Step 1: Calculate balance A. The balance before "Nu-metro movies" was . The "Nu-metro movies" transaction is a debit of .
Write balance A in words.
Balance A is $\boxed{\text{R}1,324.98} $. In words, it is **One thousand three hundred twenty-four Rand and ninety-eight cents**.7. Step 1: Calculate balance B. The balance before "Medical Aid refund" was . The "Medical Aid refund" transaction is a credit of . Balance B is .
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Themba is having a current account (also known as a checking account), which is used for daily transactions like withdrawals, deposits, and payments.
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ATM stands for Automated Teller Machine.
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