lovellaramsay2903 lovellaramsay2903
  • 29-06-2021
  • Mathematics
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Calculate the bank charges if a client wants to send a cash amount of R450 to a friend at an ATM without using a card

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fichoh
fichoh fichoh
  • 30-06-2021

Answer:

R6.775

Step-by-step explanation:

Given that :

The transaction fee charged is calculated using the relation :

Transaction fee = R2.50 + 0.95%(amount deposited)

If amount to deposit is R450 ; the bank charge will be:

R2.50 + 0.95%(Amount deposited)

R2.50 + 0.0095(450)

R2.50 + R4.275

R(2.50 + 4.275)

R6.775

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