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QUESTION 2
ANNEXURE A shows a Credit Card statement of Mrs Pinky Dube for the period 3 April 2022 to 3 May
2022. Interest is calculated monthly based on the "balance from last statement”.
Use the information above to answer the questions that follow.
2.1 Define the term "Debit Order" according to the given context.
(2)
2.2 Determine the day on which the nominated account 5634009437 was debited.
2.3 Show how the "Available Credit amount" was calculated.
(2)
(2)
2.4 Write down two (2) benefits of a credit card.
2.5 Calculate the interest paid as a percentage of the Balance on this statement.
(2)
(3)
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