Amooh Siya has a savings account at CPT Bank - NSC Mathematical Literacy - Question 2 - 2017 - Paper 1

The monthly interest is calculated using the formula:

$ext{Interest} = ext{Balance} imes ext{Rate} \div 100$

For the given balance of R4 050,98 on 31/10/2015 at an interest rate of 4,21%, the calculation yields:
$ext{Interest} = R4 050,98 \times 4.21 \div 100 = R17,21$.

A possible account number could be 14326000XXXX, where 'XXXX' represents the last four digits that are omitted.

The person who transferred an amount of money into this account is Mdiso Khaila.

The statement lists 0 unprocessed transaction items.

To calculate the probability, identify the total number of transactions and the number of transactions within the specified date range. The probability is given by:

$P = \frac{\text{Number of desired outcomes}}{\text{Total number of outcomes}}$.

To isolate the amount without VAT from the total of R19,60, apply the VAT formula.
First, the amount before VAT can be calculated as:
$\text{Amount without VAT} = \frac{19.60}{1.14} = R17,19$.

The VAT amount can be calculated as follows:
$ext{VAT} = \text{Total VAT inclusive} - \text{Amount without VAT} \quad \text{or} \quad \text{VAT} = \frac{14\%}{114\%} \times R19,60 = R2,41.$
Thus, the VAT amount is R2,41.