WorksheetsConsumer Mathematics: Savings & Investment, Credit & Debt
Total questions: 15
Worksheet time: 8mins
Which of the following is a common way of saving in a bank?
shares
unit trust
fixed deposit
real estate
Which of the following is not a characteristic of current account?
can make payments using cheque
subjected to service charges
low interest rate
can enjoy an overdraft facility
Interest that is calculated based on the original principal and also the accumulated interest from the previous period of savings.
simple interest
compound interest
combined interest
consumer interest
How much interest is earned if RM 5500 is deposited in a bank with an interest rate of 2.5% per annum after 4 years?
[I = Prt]
RM 550
RM 137.50
RM 13 750
RM 55 000
Which of these have the highest interest rate?
Saving Account
Current Account
Fixed Deposit Account
One type of the investment is.....
saving account
cheque
real estate
ATM
Rajesh bought 500 units of unit trusts.
Investment
Saving
What is debt?
Money that is spent
Money that is owed because of borrowing
Money that you lend to others
Credit means you ________now and ________ it back later.
Borrow, Pay
Pay, Borrow
Pay, Pay
What is the best way to manage credit and debt?
use rewards
spend now worry later
Make big purchases
set goals and budget
There are some common ways of saving in the bank except
Saving account
Fixed deposit account
Shares
Current account
The types of investment except
Shares
Unit Trust
Real estates
Saving account
Choose the answer saving or investment.
Syamil bought 2000 units of Syarikat Bakti shares.
Saving
Investment
