2.1 Study TABLE 1 below regarding bank fees at Mega Bank and answer the questions
that follow.
TABLE 1: BANK FEES FOR MEGA BANK ACCOUNT
2.1.1 What is the monthly fee of having this account? (2)
2.1.2 Ababalwe withdraws R1 700 at a Mega Bank ATM.
Calculate what this withdrawal will cost her. (3)
2.1.3 Ababalwe had to transfer R500 to her mother’s account. She decided to use
her cellphone banking to do this. How much did this transaction cost her? (2)
2.2 While at the mall, Ababalwe had lunch at a restaurant. Her bill, excluding VAT, was
R90,80. Calculate the amount of VAT that will be charged, if VAT is calculated at
15%. (2)
2.3 Ababalwe invests R2 000 into a fixed deposit account, for a period of two years.
The bank offers her simple interest at a rate of 9,5% p.a.
Calculate the value of her investment after two years. (3)
2.4 TABLE 2 below shows a rough statement of Bane’s income and expenditure items
for a month. Study the table and answer the questions that follow
TABLE 2: INCOME AND EXPENDITURE FOR BANE
2.4.1 Name ONE variable and ONE fixed expenditure item. (2)
2.4.2 Bane spends a total of R3 700 on electricity and rent combined. If the
ratio of electricity to rent is 1 : 4, determine the amount she pays for
electricity. (3)
2.4.3 Calculate what percentage Bane’s groceries is of her salary.
Round your answer off to the nearest percentage. (3)
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