Audrey started a stokvel on 1 February 2015 to save for the December holidays - NSC Mathematical Literacy - Question 1 - 2016 - Paper 1

To calculate the total amount deposited:

• The initial fee per member is R250, and there are 22 members (21 friends + Audrey).

• Therefore, the total initial fees collected is:

  $ext{Initial Fees} = 22 imes 250 = R5,500$

• The monthly contribution per member is R400, with 22 members making contributions.

• Thus, the total monthly contributions for the first meeting is:

  $ext{Monthly Contributions} = 22 imes 400 = R8,800$

• Adding the initial fees and the monthly contributions gives the total:

  $ext{Total Amount} = R5,500 + R8,800 = R14,300$