sbpi Quiz MC F3 : Savings

Which of the following types of accounts offers the usage of cheque ?

• Savings account

• Fixed deposit account

• Current account

• Wadiah account

The following are the advantages of a savings account except

• Minimum amount to open account.

• Can withdraw money at any time.

• Can using debit card

• Make payment by cheque.

What type of savings requires the account holder to save a sum of money for a certain period of time to get higer interest rate ?

• Savings account

• Fixed deposit account

• Current account

• Wadiah account

What type of account offers the highest interest rate ?

• Savings account

• Current account

• Fixed deposit account

• Wadiah account

Nurfatihah deposits a certain amount of money in an account. The rate of return is known 

       upon maturity. Name the banking system practiced.

• Conventional banking system

• Traditional banking system

• Modern banking system

• Islamic banking system

Encik Amir deposits RM 8 860 in Bank ABC with an interest rate 3% per annum. Calculate the total savings of Encik Amir after he saved for 2 years.

• RM9 125.80

• RM 9 331.60

• RM9 388.00

• RM9 391.60

Puan Hazwani deposited RM8 500 in a fixed deposit account in a bank for 5 years with an interest rate of 3.9% per annum.
Calculate the total simple interest.

• RM1 657.50

• RM10 157.50

• RM16 575.50

• RM1 822.33

Ismeth would like to deposit RM10 000 into a bank for 2 years. Rahmah Bank offers an interest  

      rate of 5% per annum,compounded for every 3 months
      Calculate how much is the total interest will be received by Ismeth after 2 years.     

• RM1 044.86

• RM1 042.60

• RM861.58

• RM773.83

Miss Najiha deposited RMy in a bank with an interest rate 2.95% per annum.

      If the total interest received by Miss Najiha after 3 is RM531, find the value of y.

• RM5 000

• RM6 000

• RM7 000

• RM8 000

Bank Perpaduan offers an interest rate of 4% per annum for savings account.

       How long does it require for savings to increase from RM4 000 up to RM4 960?     

• 3 years

• 4 years

• 5 years

• 6 years