This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Hey yanganathi, good to see you again. Step 1: Identify 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. Step 2: 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 R400R100 = 4 units of R100. Variable fee portion = 4 × R1,45 = R5,80. Step 3: Add the fixed fee to the variable fee to find the total deposit fee. Total deposit fee = Fixed fee + Variable fee portion Total deposit fee = R7,00 + R5,80 = R12,80. The deposit fee of R12,80 on 15/05 was calculated as: Deposit Fee = R7,00 + ( R400,00R100,00 × R1,45 ) Deposit Fee = R7,00 + ( 4 × R1,45 ) Deposit Fee = R7,00 + R5,80 Deposit Fee = R12,80 Send me the next one 📸