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.
Real Tutor Solution
Answer
Solution
Sign in to Unlock Answers for Free!
A Learning Platform Trusted by Millions of Real Students and Teachers.
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.