Consumer Mathematics: Savings and Investment, Credit and Debt

The following are the savings that will paid interest except

• Wadiah account

• Current account

• Savings account

• Fixed deposit account

Which of the following are the returns for unit trust?

• Dividend

• Rental

• Bonus shares

• Capital gain

Which of the following has a high risk level, a high return level and a moderate liquidity level?

• Fixed deposit

• Unit trust

• Real estate

• Shares

Encik Adnan wants to make an investment that will give a high return with low risk. What type of investment is suitable for Encik Adnan?

• Shares

• Real estate

• Unit trust

• Fixed deposit

Fiona received a credit card statement for February. The statement showed that Fiona had an outstanding balance of RM3,850. Fiona must make a minimum payment of 5%. Calculate the minimum payment that she had to pay.

• RM192.50

• RM770.00

• RM19,250.00

• RM77,000.00

Which of the following is not an advantage of credit card?

• Convenience for online purchases

• Easy to spend beyond ability

• Reward in the form of cash rebate

• Provide interest free payback period

Amira deposited RM16,000 in a fixed deposit account at a bank with an interest rate of 4.2% per annum. If Amira's total savings is RM18,016 after n years, find the value of n.

• 2

• 3

• 4

• 5

Mr Tay invested 6 000 units of shares valued at RM1.50 per unit in Sejahtera Company. The company then declared a dividend of 4%. After receiving the dividend, Mr Tay sold all the shares at he price of RM1.80 per unit. Calculate the return on investment for Mr Tay.

• 20%

• 22%

• 24%

• 25%

A bank offers an interest rate of 4.3% per annum for savings in a fixed deposit account. If Yana saves RM25,000 in the fixed deposit account, how much savings does she have at the end of the fourth year if the interest is compounded once every 2 months?

• RM28,403.39

• RM29,637.87

• RM29,300.00

• RM29,673.74

Hafiz obtained a personal loan of RM x from a bank with an interest of 6.8% per annum. He paid a monthly installment of RM602 for 3 years. Find the value of x.

• RM15,000

• RM16,000

• RM18,000

• RM20,000