Question

1.7 Emmanuela banks with Standard bank. The banking structure for Standard bank appears below: TABLE 2: EXTRACT FROM THE STANDARD BANK FEE STRUCTURE Standard Bank 2021 Fees R500 transaction in 2021 Elite Account Deposit (ATM) R9,00/R1000* R9,00 Source: Businesstech.co.za *First R1 500 is free (4) Calculate the amount of banking fees that Emmanuelle would pay for depositing R12 400 into his Standard Bank account using the Standard Bank ATM 다 1.) x the amount or [26 2 Todo deposit​

Answer 1

The percentage computed depicts that the banking fee is R218.

How to calculate the percentage

Your information is incomplete as the required percentage is not given. Therefore, an overview will be given.

Let's assume that the fee charged is 2% on the deposit and that the first 1500 is free. Therefore, the banking fee will be:

= 2% × (12400 - 1500)

= 2% × 10900

= R 218.

In conclusion, the banking fee is R218.

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