We read your photo as:

Calculate the fee for a R400 cash deposit made at a branch counter, given a fee structure of R7 + R1.45 per R100.

Mathematics

ScanSolve AI Answer

Answer

R12,80\text{R}12,80

Step-by-step solution

3 steps
  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.

  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\frac{\text{R}400}{\text{R}100} = 4 units of R100.
    Variable fee portion =4×R1,45=R5,80= 4 \times \text{R}1,45 = \text{R}5,80.

  3. Add the fixed fee to the variable fee to find the total deposit fee.

    Total deposit fee =Fixed fee+Variable fee portion= \text{Fixed fee} + \text{Variable fee portion}
    Total deposit fee =R7,00+R5,80=R12,80= \text{R}7,00 + \text{R}5,80 = \text{R}12,80.

    The deposit fee of R12,80 on 15/05 was calculated as:

    Deposit Fee=R7,00+(R400,00R100,00×R1,45)\text{Deposit Fee} = \text{R}7,00 + \left( \frac{\text{R}400,00}{\text{R}100,00} \times \text{R}1,45 \right) Deposit Fee=R7,00+(4×R1,45)\text{Deposit Fee} = \text{R}7,00 + \left( 4 \times \text{R}1,45 \right) Deposit Fee=R7,00+R5,80\text{Deposit Fee} = \text{R}7,00 + \text{R}5,80 Deposit Fee=R12,80\text{Deposit Fee} = \boxed{\text{R}12,80}
Was this helpful?

Try one yourself

A new problem that tests the same skill.

Still stuck on this one?

Ask a follow-up, and the answer starts from this question.

Got a different question?Ask your own question
Handwritten step-by-step solution preview

Handwritten Step-by-Step Solution

Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.

Try on WhatsApp