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
Step 1: Identify 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. Step 2: 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 R600R100 = 6 units of R100. Variable fee portion = 6 × R1,95 = R11,70. 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 = R8,00 + R11,70 = R19,70. The deposit fee of R19,70 on 17/12 was calculated as: Deposit Fee = R8,00 + ( R600,00R100,00 × R1,95 ) Deposit Fee = R8,00 + ( 6 × R1,95 ) Deposit Fee = R8,00 + R11,70 Deposit Fee = R19,70 3 done, 2 left today. You're making progress.