WorksheetsMAT112 Chapter 4 Quick Review
Total questions: 15
Worksheet time: 15mins
What does RM250 indicate?
"At the end of every three months, Zul deposited RM250 in an account that pays interest at the rate of 6% compounded quarterly."
P
S
A
R
What is the value of t?
"Nurin has to pay RM150.27 at the end of each month for five and a half years to settle a loan. If the interest rate is 9% compounded monthly, find the value of the loan."
5
5.5
9
12
What is the value of m?
"RM2,000 was deposited at the end of every three months. If interest rate is at 8% compounded quarterly, find the value of this investment at the end of 4 years."
3
4
8
0.08
What is the value of t?
"Jack invested RM5,000 in an account that earned interest at the rate of 9% compounded monthly. Four years later, he started his 3 years Diploma program at a college. Find the accumulated amount in his account when he started his Diploma programme."
3
4
7
9
What does the question wants?
"An equal payment of RM150 is deposited at the end of each quarter for one year at an interest rate of 4% compounded quarterly. What is the future value of this annuity at the end of the investment period?"
R
A
S
t
What does the question wants?
"Ali agree to pay RM200 every month for 15 years to settle a loan that charged interest at 3% compounded monthly. Find the initial amount of the loan."
R
A
S
P
What is the value of A?
"Rashid bought a brand new car for RM100,000. He paid RM20,000 down payment and the balance was borrowed from a bank that charged interest at the rate of 6% compounded monthly."
RM 20,000
RM 80,000
RM 100,000
RM 120,000
What is the value of t?
"Hani deposited RM357 at the end of every 6 months for 10 years in a savings account that paid interest at the rate of 8% compounded semi-annually."
2
5
6
10
What is the value of m?
"Duan took a loan from BIZ finance that charged interest of 4% compounded every two months. He has to pay RM1000 every two months for 8 years to settle the loan."
2
4
6
8
What is the value of t?
"Arif made a loan of RM50,000 from a bank that charged 9% compounded monthly to pay for a house. He paid RM800 monthly for 8 years to settle the loan. He wished to settle the balance of the loan immediately after paying the last payment on the fifth year."
3
5
8
9
What does the question wants?
"Rahim borrowed RM70,000 from a bank for 5 years at 6% compounded monthly. Find the monthly payment."
A
S
P
R
What does the question wants?
"Find the total interest earned if RM450 is deposited every 3 months for 5 years at an interest rate of 6% compounded quarterly."
r
i
k
I
What does the question wants?
"Marina deposits RM300 every three months for ten years into an account that pays 3.6% interest compounded quarterly. How much does Marina have at the end of the tenth years?"
S
A
r
I
What does the question wants?
"En Khaled deposited the amount of RM185 at the end of every month for 10 years. If the investment scheme offers bonus at an interest rate of 6% compounded monthly, find the total bonus received immediately after the last payment was made."
S
A
k
I
What is the value of A?
"The cash price of a low-cost house was RM50,000. Hamid bought the house by making the down payment of RM5,000. The balance was paid by taking a 10-year loan from a bank that charged 7.5% compounded monthly."
RM 50,000
RM 5,000
RM 55,000
RM 45,000
