How much was in the account on the day the statement was issued?

The statement period is from 01/07/2020 to 31/08/2020. The statement was issued on 31/08/2020.

The closing balance on 31/08/2020 is R13 626,00.
There was $\boxed{\text{R13 626,00}}$ in the account on the day the statement was issued.

2.2.1 Determine the value of A, the amount that was available in the account after the deposit on 04/07/2020.

Opening balance (01/07/2020) = R2 300,00
Cash deposit (04/07/2020) = R7 200,00

The value of A is $\boxed{\text{R9500,00}}$.

2.2.2 How much in total would Pamela have in her account in the period of the statement if she had done electronic payments instead of withdrawing money over the counter?

• 18/07/2020: Transaction charge = R95,00
• 05/08/2020: Transaction charge = R247,00

Pamela would have $\boxed{\text{R13 968,00}}$ in her account.

2.3 Pamela claims that if she had not withdrawn any money during the period, she would have more than R55 000 in the account. Justify her claim using relevant calculations.

• 06/07/2020: Cash withdrawal at ATM = R3 000,00
• 18/07/2020: Cash withdrawal on counter = R5 000,00
• 16/08/2020: eWallet to Mimi = R1 400,00

R23 026,00 is not more than R55 000.
Therefore, Pamela's claim is $\boxed{\text{incorrect}}$.

2.4 The Bank uses the following formula to calculate the transaction fee if the money is deposited at the branch ATM: Transaction fee = R2,50 + 0,95% of the amount deposited. Use the formula above to calculate the transaction fee if Pamela deposits R500. Round your answer to 2 decimal places.

The transaction fee is $\boxed{\text{R7,25}}$.