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Identify the deposit amount and the fee structure for a cash deposit at a branch counter on 17/12.
Mathematics
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3 stepsIdentify the deposit amount and the fee structure for a cash deposit at a branch counter on 17/12.
From Table 1, on 17/12, a cash deposit of R600,00 was made at the branch counter.
From Table 2, the fee for "Cash deposit: Branch counter" is R8,00 + R1,95 per R100.Calculate the variable portion of the fee based on the deposit amount.
The variable fee is R1,95 for every R100 deposited.
For a R600 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 R19,70 on 17/12 was calculated as:
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