Standard 5 Maths Money

An amount of money received by anyone who saves money in the bank.

• Savings

• Simple Interest

• Investment

• Credit

A loan that has to be paid

Using this system, you can purchase things and pay for it later.

What is the disadvantage of paying by credit?

• It is a debt

• You need to pay more than the borrowed amount because of interest

• You don't need to pay it immediately

• The amount that you borrowed can actually be used to save it in the bank and gain interest and earn money

A monthly installment of payments is an example of

• credit

• debt

• interest

• debit

Johan puts in RM 1000 in the bank. The bank will give him an interest of 10% per year. After 1 year, what is the total money that Johan has in the bank?

• RM 900

• RM 100

• RM 1100

• RM 1000

Johan puts in RM 1000 in the bank. The bank will give him an interest of 10% per year. After 2 year, what is the total money that Johan has in the bank?

• RM 2000

• RM 1100

• RM 1200

• RM 1210

Johan puts in RM 1000 in the bank. The bank will give him an interest of 10% per year. After 3 years, what is the total money that Johan has in the bank?

• RM 2110

• RM 3000

• RM 1331

• RM 1210