WorksheetsCHAPTER 3 (KUMP 2B)
Total questions: 10
Worksheet time: 5mins
The following are the weaknesses of credit card usage except ___________________.
could be imposed interest and other charges
easy to spend exceeding ability
excessive loan
easy to use for cashless payment
The meaning of "risk" is _______________
possibility of gaining profit
simple interest
possibility of loss
total money deposited
"A sum of money is saved for a certain period of time and cannot be withdrawn before the maturity date." This statement refers to...
unit trust account
fixed deposit account
savings account
current account
The following are the weaknesses of credit card usage except __________________
easy to spend exceeding ability
could be imposed interest and other charges
excessive loan
easy to use for cashless payment
Ahmad bought 500 units of unit trusts.
Investment
Saving
Mr Guna bought 4 000 units of Bank Ixora Berhad shares worth RM1.00 per share on the Kota Kinabalu Stock Exchange.
What is the type of investment that he made?
Shares
Unit Trust
Real Estate
Calculate the simple interest of RM 1210 borrowed at 4.9% interest per annum for 1 year.
RM 55.66
RM 59.29
RM 556.60
RM 592.90
Calculate the amount in the account if RM 5 115 is saved for 1 year with compound interest of 3.8 % compounded every half a year.
RM 5 305.37
RM 5 309.37
RM 5 307.22
RM 5 311.22
At the beginning of a year, Mrs Chong saves RM15 000 in her savings account with a rate of 4% per annum and compounded every 6 months. What is Mrs Chong’s total savings at the end of the third year?
RM15 892
RM16 892
RM17 892
RM18 892
Puan Zainah 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 Zainah?
RM462.50
RM442.50
RM450.00
RM470.00
