Form 3 Chapter 3 Consumer Mathematics

Encik Tan keeps RMx in savings account at 3.5% per annum. The amount of Encik Tan's saving after he has saved for 6 years is RM36 300. Calculate the value of x.

• A. RM20 000

• B. RM25 000

• C. RM30 000

• D. RM35 000

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Puan Zakiah makes a personal loan of RM30 000 from a bank with interest rate of 6% per annum. The refund period is for 8 years. What is the monthly installment payable by Puan Zakiah?

• A. RM442.50

• B. RM450.00

• C. RM462.50

• D. RM470.00

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The meaning of Risk is

• A. simple interest

• B. total money deposited

• C. possibility of gaining profit

• D. possibility of loss

The following are the weaknesses of credit card usage except

• A. easy to spend exceeding ability

• B. easy to use for cashless payment

• C. could be imposed interest and other charges

• D. excessive loan

Puan Aisah wants to invest RM20 000 in AMN Unit Trust. She uses cost averaging strategy for her investment. She spends RM5 000 each month for four months to buy the shares of the unit trust.

Table 1 shows the purchase prices of unit trust bought by Puan Aisah.

Calculate the total number of shares bought by Puan Aisah.

• A. 51200

• B. 50100

• C. 7989

• D. 7987

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Sammy bought unit trusts worth RM10 000. After two years, Sammy sold all the unit trusts. He received RM10 600. During two years of holding the unit trusts, he received RM800 dividend. Calculate the return on investment of Sammy.

• A. 6%

• B. 8%

• C. 12%

• D. 14%

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Encik Rahim bought a house for RM380 000 in cash. He sold the house for RM620 000 after 5 years. The total amount of the charges involved in the transaction is RM42 000.Calculate the return of investment of Encik Rahim.

• A. 49.5%

• B. 52.1 %

• C. 56.9%

• D. 74.2%

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Chong used credit card to make a payment of RM2500. He didn’t make any repayment after he received the monthly statement. It is given that the finance charge and late payment charge are 15% per annum and 1% of the outstanding balance respectively. Find the total outstanding balance on next month.

• A. RM2 500.00

• B. RM2 525.00

• C. RM2 531.25

• D. RM2 556.25

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Aina bought RM2 500 electrical appliances using a credit card.

Below are some of the terms and conditions of the credit card.

Minimum payment : 3% of the credit

Annual interest rate : 15%

Late payment fee : rm10

If the payment due date of the card is 14^th May 2019, and Aina makes a payment of RM200 after 14 May 2019, what is her outstanding balance in June?

• A. RM2 341.25

• B. RM2 331.25

• C. RM2 131.25

• D. RM2 338.75

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Questions 10 and 11 based on Table 2.

The following Table 2 shows the investments of Mr Sam in property and stock exchange.

What is the profit of the stocks investments?

• A. RM10 000

• B. RM40 000

• C. RM66 666

• D. RM200 000

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