Sure, let's walk through each question step-by-step using the given information:
### 1.1 Write down the opening balance in this statement.
The opening balance can be found in the first entry of the summary table. It states:
Opening balance = R 254.45
### 1.2 Calculate the value of A in the statement.
To find the value of A, we need to consider the entry for the "CASH WITHDRAWAL FEE" on 20/05/2019. According to the table:
- The balance before the fee is applied is R 10,254.45.
- The fee amount is R 150.00.
So, the formula to calculate the new balance (A) after the fee is applied:
[tex]\[ A = 10,254.45 - 150.00 = 10,104.45 \][/tex]
Thus,
A = R 10,104.45
### 1.3 What does the word "credit" mean in the context of this personal bank statement?
In the context of a bank statement:
- Credit refers to an addition or deposit made to the account, thereby increasing the account balance.
For example, in the entry on 20/05/2019 for "CAP JUSTINVEST 33244", R 15,000.00 was credited, which means R 15,000.00 was added to the balance.
### 1.4 A cash withdrawal of R 5,000.00 was made at Signet Blue on 20/05/2019. Calculate what percentage the withdrawal fee is of the transaction amount.
The cash withdrawal fee for the R 5,000.00 transaction is R 150.00. To find the percentage fee of the transaction amount, we use the formula:
[tex]\[ \text{Withdrawal Fee Percentage} = \left( \frac{\text{Withdrawal Fee}}{\text{Withdrawal Amount}} \right) \times 100 \][/tex]
Plugging in the values:
[tex]\[ \text{Withdrawal Fee Percentage} = \left( \frac{150.00}{5000.00} \right) \times 100 = 3.0\% \][/tex]
Thus,
The withdrawal fee is 3.0% of the transaction amount.
