MATHEMATICAL LITERACY GRADE 12 LEARNER’S NOTES SSIP ...

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

SECONDARY SCHOOLS IMPROVEMENT

PROGRAMME (SSIP) 2019

GRADE 12 SUBJECT: MATHEMATICAL LITERACY

LEARNER NOTES

TABLE OF CONTENTS

SESSION NO

TOPIC

1

BANK STATEMENTS AND TARIFFS

2

MUNICIPAL BILL

3

TARIFF SYSTEMS

4

DATA HANDLING

5

INTERPRETATION OF DATA

PAGE 2 ? 5 6 ? 7 8 ? 11 12 ? 15 16 ? 22

Page 1 of 22

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

SESSION 1

TOPIC: FINANCE

SECTION: FINANCIAL DOCUMENTS

CONTEXT: BANK STATEMENT AND TARIFFS

TERMINOLOGY: VAT, PERCENTAGES

BASIC SKILLS: BASIC MATHEMATICAL CALCULATIONS, PERCENTAGE CALCULATIONS

QUESTION 1

Mr Jacob does his banking with First National Bank. The statement below (TABLE 3) was sent to Mr Jacob at the end of November. An extract of banking fees for his Smart Account is given as TABLE 1 and TABLE 2 is the bank charges for Bates Bank.

1.1 How many days does this statement cover?

(2)

1.2 How many statements did Mr Jacob receive for this account?

(2)

1.3 What is the monthly account fee payable on this account?

(2)

1.4 What is the monthly deposit fee for October?

(2)

1.5 Calculate the bank charges for the month of October.

(2)

1.6 If Mr Jacob had to make a deposit of R3 545. Calculate the deposit fee for this

amount.

(3)

1.7 How much money was deposited by Mr Jacob into this account for the time

period of this statement?

(2)

1.8 Show by calculations how R11,25 VAT was calculated.

(2)

1.9 In December Mr Jacob made the following transactions. 2 cash withdrawal of R600 at a FNB ATM 1 deposit of R900 at the FNB ATM 1 deposit of R2500 in the bank

Calculate the total service fee for these transactions. (7)

Page 2 of 22

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

1.10 Mr Jacob wants to make a withdrawal of R1200. He has the option to withdraw

this amount from a FNB ATM or use another bank's ATM. Show with

calculations which will be a cheaper option with regards to service fees.

(5)

1.11 Given a reason why it may not be suitable to use this account as a savings

account

(2)

1.12 Give a reason why it costs more to make a deposit in the bank as compared to

using the FNB ATM.

(2)

1.13 The client used his cash withdrawal amounts to pay for his weekly expenses

for airtime, petrol, meals and purchasing groceries.

Suggest TWO cost effective ways that he could use to save on cash

withdrawal fees.

(4)

1.14 Jacob states that if he had a Bates Bank PLUS savings account, then his

bank fees will be less than his present bank. Use TABLE 2, the bank charges

for Bates Bank and verify with calculations whether Jacobs statement is

correct.

(8)

Page 3 of 22

(TABLE 1)

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

Extract of Banking Fees for SMART ACCOUNT

Pay-As-You-Use Pricing Option Monthly Account Fee Cash Withdrawals Cash@Till FNB Slimline FNB ATM Other Banks' ATM FNB Branch/Cheque Deposits Cash Deposit at FNB ATM Cash Deposit at FNB Branch Cheque deposit at FNB branch and ATM Card purchases/payments

R12,50

FREE R5,00 R3,95 + R1,30 per R100 R6,50 + FNB ATM fee R50,00 + R1,65 per R100

R0,70 per R100 (minimum R5,50) R1,65 per R100 (minimum R5,50) R22,50 FREE

TABLE 2

Extract of banking fees for Bates PLUS account

Pay-As-You-Use Pricing Option Monthly Account Fee Cash Withdrawals Point of sale (Cash withdrawa)l Bates Bank ATM

Branch Other Banks' ATM

Deposits Cash Deposit at ATM Cash Deposit at Branch Cheque deposit at branch Cheque deposit at ATM Card purchases/payments

R 11,80

FREE 0 ? R1000: R6,80 Above R1000 : R4,00 + 1,20% R33,00 + 1,40% 0 ? R1000 : R6,80 +R6,70 above R1000 : R4,00 + R6,70+ 1,20%

R 4,50 R31,50 R31,50 R31,50 FREE

Page 4 of 22

TABLE 3

MATHEMATICAL LITERACY GRADE 12 LEARNER'S NOTES

SSIP MATERIAL 2019

Mr Andy Jacob 56 Stable Road Uppertown 1856

SMART ACCOUNT : 397465859939

Copy Tax Invoice/Statement Number : 13

29 August 2015 to 28 November 2015

Statement Date : 28 November 2015

Bank Charges

Statement Balances

Interest Rates

Bank charges

R91,60 Opening Balance

R5 254,69 Cr Credit interest rate 0,00%

Subscription Fees R0,00 Closing Balance

R2 141,98 Cr

Account Transactions Date Description

Amount

Balance

Bank Chages

Opening Balance

5 254,69 Cr

02 Sep 04 Sep 12 Sep 17 Sep 29 Sep 29 Sep 05 Oct 07 Oct 12 Oct 16 Oct 17 Oct 20 Oct 28 Oct 29 Oct 29 Oct 29 Oct 29 Oct 29 Oct 30 Oct 31 Oct 31 Oct 11 Nov 13 Nov 13 Nov 18 Nov 18 Nov 25 Nov 28 Nov 28 Nov 28 Nov

ATM Cash Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase #Monthly account fee #Service fees Debit card POS Purchase ADT Cash deposit Debit card POS Purchase Debit card POS Purchase ATM cash ATM cash ADT Cash deposit Debit card POS Purchase Debit card POS Purchase #Monthly account fee #Service fees #Cash deposit fee Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase Debit card POS Purchase ATM cash Debit card POS Purchase ADT Cash deposit #Monthly account fee #Service fees #Cash deposit fee Closing Balance

Eldorado Johnson

Vodacom Trading

Gift shop TD mall Spar PnP Bokville

Eldorado Southgate

CNA Spar

Woolies Edgars Miladys Checkers Hyper CD C gardens Shell Mr Price Southgate

100,00 120,00 1004,00 2840,00

12,50 5,25

477,25 800,00 Cr

105,00 305,00 200,00 200,00 2000,00 Cr

37,50 140,00

12,50 13,10 19,60 169,32 126,22 155,94 130,00 40,90 60,00 400,00 209,98 1000,00 Cr 12,50

9,15 7,00

5154,69 Cr

5,25

5034,69 Cr

4030,69 Cr

1190,69 Cr

1178,19 Cr

1172,94 Cr

695,69 Cr

1495,69 Cr

5,60

1390,69 Cr

1085,69 Cr

885,69 Cr

6,55

685,69 Cr

6,55

2685,69 Cr 14,00

2648,19 Cr

2508,19 Cr

2495,69 Cr

2482,59 Cr

2462,99 Cr

2293,67 Cr

2167,45 Cr

2011,51 Cr

1881,51 Cr

1840,61 Cr

1780,61 Cr

1380,61 Cr

9,15

1170,63 Cr

2170,63 Cr

7,00

2158,13 Cr

2148,98 Cr

2141,98 Cr

2 141,98 Cr

#Inclusive of VAT @ 14% Total Vat included on this statement = R 11,25 Dr

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