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Maths. literacy help MATHEMATICAL LITERACY (Paper 1) 10601/21 4.2,3 Calculate the total cost, in bank fees, to the business when John deposits. R1 1 300,00

Maths. literacy help

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MATHEMATICAL LITERACY (Paper 1) 10601/21 4.2,3 Calculate the total cost, in bank fees, to the business when John deposits. R1 1 300,00 at an FNB branch. 4.2.4 The FNB Business account pays 2.4% interest per annum. The interest is compounded monthly. (a) Calculate the monthly interest rate. (b) Calculate how much interest John will earn on RI1 300.00 if be cashes out his account in 2 months, 1.3 Starland made a profit of R210 000 during the past year. Starland has a fixed expense cost of R30 000. Refer to the graph below representing the total income and expenses to answer the questions that follow. Toul Costs compared to Total Income R140 R120 R1DO RBO Amount (In thousands) R:40 100 200 400 500 600 300 1000 Number of people *+ Total Income - -> Total Cost

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