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Calculate the fee for a R400 cash deposit made at a branch counter, given a fee structure of R7 + R1.45 per R100.
Mathematics
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3 stepsIdentify the deposit amount and the fee structure for a cash deposit at a branch counter.
From the statement, on 15/05, a cash deposit of R400,00 was made at the branch counter.
From the "Fee description" table, the fee for "Cash deposit: Branch counter" is R7 + R1,45 per R100.Calculate the variable portion of the fee based on the deposit amount.
The variable fee is R1,45 for every R100 deposited.
For a R400 deposit, there are units of R100.
Variable fee portion .Add the fixed fee to the variable fee to find the total deposit fee.
Total deposit fee
Total deposit fee .The deposit fee of R12,80 on 15/05 was calculated as:
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