Identify the town where Ayanda Zulu receives her post. State the name of the bank and the account number of…

Question

Identify the town where Ayanda Zulu receives her post. State the name of the bank and the account number of the account holder.

ScanSolve AI Tutor · Accepted Answer

let's answer these questions based on the provided bank statement.

2.1 Identify the town where Ayanda Zulu receives her post.

Locate the address information on the statement.
The address is "P.O. Box 42, KwaBhaca, Mount Frere, 5090".
The town is $\boxed{\text{Mount Frere}}$ .

2.2 State the name of the bank and the account number of the account holder.
Locate the bank name and account number on the statement.
The text above the table states Ayanda uses a current account at "People's Bank".
The Account Number is "12345678910".
The bank name is $\boxed{\text{People's Bank}}$ and the account number is $\boxed{12345678910}$ .

2.3 Explain the term Transaction Charge in this context.
A transaction charge is a fee imposed by a bank for processing a financial activity, such as making a withdrawal, a deposit, or using an ATM.

2.4 Show by means of calculation that the missing value A in Table 1 is R15 531,50.
Identify the balance before the transaction leading to A.
The balance on 20/07/2025 after the "Transaction Charge (Counter)" was R1 331,50.
Identify the transaction that results in balance A.
The transaction is "Salary Deposit (Hospital)" for R14 200,00.
Calculate the new balance.
$\text{Balance A} = \text{R}1331.50 + \text{R}14200.00$ $\text{Balance A} = \text{R}15531.50$
The missing value A is indeed $\boxed{\text{R}15531.50}$ .

2.5 Ayanda needs to calculate her total earnings and costs.

2.5.1 Calculate the total amount (in Rands) Ayanda paid for Transaction Charges only during the month of August.
Identify all transaction charges that occurred in August (from 01/08/2025 to 31/08/2025).
On 05/08/2025, there is a "Transaction Charge (Counter)" of R220,00.
Sum the transaction charges for August.
$\text{Total Transaction Charges in August} = \text{R}220.00$
Ayanda paid $\boxed{\text{R}220.00}$ for transaction charges in August.

2.5.2 Calculate the total amount of Salary Ayanda earned over the two-month period shown in Table 1.
Identify all "Salary Deposit (Hospital)" entries in the table.
On 31/07/2025, Salary Deposit (Hospital) = R14 200,00.
On 31/08/2025, Salary Deposit (Hospital) = R14 200,00.
Sum these amounts.
$\text{Total Salary Earned} = \text{R}14200.00 + \text{R}14200.00$ $\text{Total Salary Earned} = \text{R}28400.00$
Ayanda earned a total of $\boxed{\text{R}28400.00}$ in salary over the two-month period.

2.6 Ayanda decides to invest 20% of her closing balance into a high-interest savings account. Calculate the amount she will invest.
Identify the closing balance from the statement.
The closing balance on 31/08/2025 is R16 196,50.
Calculate 20% of the closing balance.
$\text{Investment Amount} = 20\% \times \text{R}16196.50$ $\text{Investment Amount} = \frac{20}{100} \times \text{R}16196.50$ $\text{Investment Amount} = 0.20 \times \text{R}16196.50$ $\text{Investment Amount} = \text{R}3239.30$
Ayanda will invest $\boxed{\text{R}3239.30}$ .

Identify the town where Ayanda Zulu receives her post. State the name of the bank and the account number of the account holder.

Step-by-step solution

Locate the address information on the statement.

Locate the bank name and account number on the statement.

Identify the balance before the transaction leading to A.

Identify the transaction that results in balance A.

Calculate the new balance.

Identify all transaction charges that occurred in August (from 01/08/2025 to 31/08/2025).

Sum the transaction charges for August.

Identify all "Salary Deposit (Hospital)" entries in the table.

Sum these amounts.

Identify the closing balance from the statement.

Calculate 20% of the closing balance.

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