Consumer Mathematics Form 3

Khairul deposits RM10 000 in a savings account for 6 months. The interest rate offered is 2.3% per annum. Calculate the interest received by Khairul after 6 months.

• RM 115

• RM 150

• RM 215

• RM 230

Tags

CCSS.7.RP.A.3

Mrs. Lau deposits RM15 000 in a fixed deposit account that gives an interest of 5% per annum and compounded every 3 months for one year. Calculate the total amount in Mrs. Lau's account after one year.

• RM 15 187.50

• RM 15 750.00

• RM 15 762.57

• RM 15 764.18

Nasrul invested RM15 000 in SNN shares. His total return was RM4 500 after he sold all his shares after two years. Calculate the return on investment for Nasrul.

• 20%

• 25%

• 30%

• 35%

Tags

CCSS.6.RP.A.3C

Rohana deposited RM30 000 in a savings account in an Islamic bank according to the principle of wadiah. After one year, Rohana received 2.8% of hibah (gift) from the bank. How much gift did Rohana receive?

• RM 840

• RM 850

• RM 880

• RM 900

Tags

CCSS.7.RP.A.3

Which of the following is an investment with high risk level?

• Fixed deposits

• Real Estate

• Unit trust

• Company shares

Mr. Wu wants to buy a car at a price of RM120 000. He pays 10% down payment and the balance will be settled through a car loan from a bank. The flat interest rate imposed by the bank is 4% per annum and the repayment period is 5 years. Calculate the monthly instalment of Mr. Wu.

• RM 2 400

• RM 2 160

• RM 2000

• RM 1 980

Which are the correct type of investment?

• Unit trust

• Savings account

• Current account

• Real Estate

Which are the advantages of the use of credit card?

• Provides interest free repayment service

• Could be imposed interest and charges

• Easy to use for cashless payment

• Easy to overspend exceeding ability

Eng Kiat spent RM1 200 using credit card in April. He only made minimum repayment of RM60 and the statement date was 15 days from the due date of interest free period. Given the finance charge rate and late payment charge rate is 18% pa and 1% of the outstanding balance respectively. Calculate the total outstanding balance in May statement.

• RM 1140

• RM 1148.83

• RM 1148.88

• RM 1199.82

Tags

CCSS.7.RP.A.3

Aisyah wants to deposit RM50 000 in a fixed deposit account with interest rate 3.2% per annum. Calculate the total savings in Aisyah's account after 1 year if the interest is compounded once every 3 months.

• RM 51 600

• RM 51 620

• RM 51 630

• RM 51 640