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1.2
Mr Mohalati has Mr Prepaid account with one of the banks
Africa. He uses the account to pay water bills. TABLE 2 shows deposit
fees applicable on his account in 2023.
TABLE 2: Mr Prepaid ACCOUNT COSTS AT ABA BANK FOR DEPOSITS
TRANSACTION
Notes and coin deposit
COSTS
R80 + R2,25 per R100 (for notes) +R5 per R100 (for coins)
or part thereof the amount deposited.
[Adapted by aaminer from information supplied by various banks
Use the information from TABLE 2 to answer the questions that follow.
1.2.1 Determine the minimum amount one will pay when making a deposit of notes and coins
3
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