Consumer mathematics

Consumer mathematics

Assessment

Assessment

Created by

CHIN LEE YEW

Mathematics

9th Grade

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Hard

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17 questions

Show answers

1.

Multiple Choice

3 mins

1 pt

Encik Tan keeps RMx in savings account at 3.5% per annum. The amount of Encik Tan's saving after he has saved for 6 years is RM36 300. Calculate the value of x.

A. RM20 000

B. RM25 000

C. RM30 000

D. RM35 000

2.

Multiple Choice

3 mins

1 pt

Puan Zakiah 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 Zakiah?

A. RM442.50

B. RM450.00

C. RM462.50

D. RM470.00

3.

Multiple Choice

30 sec

1 pt

The meaning of Risk is

A. simple interest

B. total money deposited

C. possibility of gaining profit

D. possibility of loss

4.

Multiple Choice

30 sec

1 pt

The following are the weaknesses of credit card usage except

A. easy to spend exceeding ability

B. easy to use for cashless payment

C. could be imposed interest and other charges

D. excessive loan

5.

Multiple Choice

3 mins

1 pt

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Puan Aisah wants to invest RM20 000 in AMN Unit Trust. She uses cost averaging strategy for her investment. She spends RM5 000 each month for four months to buy the shares of the unit trust.

Table 1 shows the purchase prices of unit trust bought by Puan Aisah.

Calculate the total number of shares bought by Puan Aisah.

A. 51200

B. 50100

C. 7989

D. 7987

6.

Multiple Choice

3 mins

1 pt

Sammy bought unit trusts worth RM10 000. After two years, Sammy sold all the unit trusts. He received RM10 600. During two years of holding the unit trusts, he received RM800 dividend. Calculate the return on investment of Sammy.

A. 6%

B. 8%

C. 12%

D. 14%

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