Banking and Investment Concepts

The video tutorial covers consumer mathematics, focusing on types of bank accounts, investment strategies, interest calculations, and loan repayment. It explains saving, fixed deposit, and current accounts, and discusses investment in shares, unit trusts, and properties. The tutorial also provides examples of calculating simple and compound interest, return on investment, and loan repayment amounts.

Which type of bank account allows withdrawals without prior notice but may have a withdrawal limit?

• Investment Account

• Fixed Deposit Account

• Current Account

• Savings Account

What is a key benefit of a fixed deposit account compared to a savings account?

• Overdraft facility

• ATM card issuance

• No withdrawal limits

• Higher interest rates

How can an investor become a part-owner of a company like Petronas?

• By investing in real estate

• By purchasing company bonds

• By buying company shares

• By opening a savings account

What is a unit trust?

• A real estate investment

• A government bond

• A share managed by a company on behalf of investors

• A type of savings account

Which formula is used to calculate simple interest?

• MV = P(1 + R/N)^(NT)

• I = PRT

• A = P + PRT

• ROI = (Gain - Cost) / Cost

In the context of compound interest, what does 'N' represent in the formula MV = P(1 + R/N)^(NT)?

• Total interest earned

• Principal amount

• Number of times interest is compounded per year

• Number of years

How is the capital gain from shares calculated?

• By multiplying the purchase price by the number of shares

• By subtracting the purchase price from the selling price and multiplying by the number of shares

• By dividing the selling price by the purchase price

• By adding the purchase price to the selling price

What are the two types of income generated from property investment?

• Interest and dividends

• Savings and interest

• Rental income and capital gains

• Bonuses and dividends

Which formula is used to calculate the total loan repayment amount?

• MV = P(1 + R/N)^(NT)

• I = PRT

• ROI = (Gain - Cost) / Cost

• A = P + PRT

If a loan of RM20,000 is borrowed for 3 years at an interest rate of 4% per annum, what is the total repayment amount?

• RM22,400

• RM24,000

• RM20,800

• RM22,000