Question
upstudy study bank question image url

Tumi withorew R 350 from her savings account, at the ATM. The withdrawal transaction fee is \( R 2,35 \) for the first \( R \) 100, plus R 1,15 for every edditional R 100 (or part thereof). Calculate the bank fee.

Ask by Ward Hill. in South Africa
Feb 04,2025

Real Tutor Solution

Tutor-Verified Answer

Answer

The bank fee for withdrawing R350 is R5.80.

Solution

Sign in to Unlock Answers for Free!

A Learning Platform Trusted by Millions of Real Students and Teachers.

star-icon Unlock

Reviewed and approved by the UpStudy tutoring team

Mind Expander

To calculate the bank fee for Tumi's withdrawal of R 350, we first need to break down the fees according to the given structure. The first R 100 incurs a fee of R 2.35. For the additional R 250 (which is the remaining amount after the first R 100), we need to determine how many additional segments of R 100 are included. This R 250 consists of R 100 once, and another R 100 for the second segment, and the last R 50 is counted as a partial R 100. So, for the additional R 250: - The first segment (R 100) incurs an additional fee of R 1.15. - The second segment (R 100) incurs another additional fee of R 1.15. - The last R 50 is considered as part of an additional R 100, so it incurs R 1.15 as well. So, the total fees are: - First R 100 fee: R 2.35 - Second R 100 fee: R 1.15 - Third segment (last R 50): R 1.15 Total bank fee: R 2.35 + R 1.15 + R 1.15 = R 4.65. Thus, the total bank fee for Tumi's withdrawal is R 4.65.

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy