matical Literacy Finance and Data Handling was determined. Explain why the bank omitted some digits from the account numbe statement The bank offers an insurance option on te outstanding balance of ti account by charging a rate of R3,50 per R1 000 (or part thereof) on balance. Calculate how much Mr Son would have paid for insuranc outstanding balance of this statement if he had chosen this option. Interpret the amount for balance brought forward for this statement Jive ONE possible reason why Mr Son might purchase goods usin instead of paying cash for the goods. ION 2 NNEXURE A below shows the student fees statement for Tamryn Abo rchitecture student at the University of Cape Town (UCT). e ANNEXURE A to answer the questions that follow. Explain the meaning of the term interest with reference to the sti Write down the balance (excluding interest) that was brought fo of the previous year. Calculate the monthly interest rate that was used on the overdue
