Certainly! To answer these questions accurately, let’s tackle them one by one.
### 11.1 Write down the cheapest bank based on the monthly fees.
To find the cheapest bank based on monthly fees alone, you need the monthly fees of each bank you're considering. If the information is provided (e.g., Bank A charges R200), you can compare the fees:
If Bank A charges R200 per month:
- If another bank charges less, that bank is cheaper.
- For instance, if Bank B charges R150 per month, Bank B is cheaper.
Assuming no other information is given, Bank A at R200 may be the baseline fee you are comparing. For comprehensive comparison, you should ideally have the fees of all banks in question.
### 1.1.3 Determine how much the banking fees will be if Olwethu withdraws R1,600 from the bank's ATM.
To determine this, you need the ATM withdrawal fee structure. For instance, if the bank charges a flat fee or a percentage of the withdrawal amount:
- If the bank imposes a flat fee for each withdrawal (let’s say, R2.00 per transaction), it doesn’t matter how much Olwethu withdraws, she will be charged R2.00.
- If it’s a percentage, you multiply the withdrawal amount by the percentage. For example, if the fee is 1.2% of the amount withdrawn:
[tex]\[
\text{Fee} = R1{,}600 \times \left(\frac{1.2}{100}\right) = R1{,}600 \times 0.012 = R19{.}20
\][/tex]
So, the banking fees for withdrawing R1,600 would be R19.20 if the rate is 1.2%.
### Calculate the total cost if the percentage is 2.5% on a withdrawal of R1,600:
[tex]\[
\text{Fee} = R1{,}600 \times \left(\frac{2.5}{100}\right) = R1{,}600 \times 0.025 = R40{.}00
\][/tex]
### 14h horse the correct percentage below
The probability question appears to have some formatting issues, but it seems to ask: "The probability of choosing a bank with counter withdrawal costs R2.00 is: A 85%".
If we assume indeed that the probability of choosing a bank with these costs is 85%, then you should state:
- The probability is 850% (which appears to be a formatting or arithmetic mistake since probabilities >100% are not possible) or 85%.
Here’s the correct interpretation:
- The probability of choosing a bank with counter withdrawal costs R2.00 is: 85%.
Thus, Bank A, when considering a bank's monthly fees, has the following:
1. If Bank A has a monthly fee of R200, you explicitly compare with other banks to determine the cheapest.
2. To determine Olwethu’s ATM withdrawal banking fee for R1,600, depending on the ATM fee structure, it’s calculated straightforwardly as shown.
3. For the probability part, 85% is correct based on the provided context.
I hope this step-by-step solution helps! If there are any more specifics or different banks/fees needing comparison, please provide those numbers.
