The following are the weaknesses of credit card usage except

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.

Encik Rahim bought a house for RM380 000 in cash. He sold the house for RM620 000 after 5 years. The total amount of the charges involved in the transaction is RM42 000.Calculate the return of investment of Encik Rahim.

Chong used credit card to make a payment of RM2500. He didn’t make any repayment after he received the monthly statement. It is given that the finance charge and late payment charge are 15% per annum and 1% of the outstanding balance respectively. Find the total outstanding balance on next month.

Aina bought RM2 500 electrical appliances using a credit card.

Below are some of the terms and conditions of the credit card.

Minimum payment : 3% of the credit

Annual interest rate : 15%

Late payment fee : rm10

If the payment due date of the card is 14^th May 2019, and Aina makes a payment of RM200 after 14 May 2019, what is her outstanding balance in June?

Questions 10 and 11 based on Table 2.

The following Table 2 shows the investments of Mr Sam in property and stock exchange.

What is the profit of the stocks investments?

At the beginning of a year, Mrs Cheng saves RM15 000 in her savings account with a rate of 4% per annum and compounded every 6 months. What is Mrs Cheng’s total savings at the end of the third year?

Diagram 3 shows the selling price and down payment of a smartphone.

Ahmad wants to buy the smartphone. He makes the down payment using credit card and the balance is paid in monthly instalment. What is the total interest to be paid by Ahmad?

Krishnan gets a personal loan from Bank K with a flat interest rate of 8% per annum. If he repays over 5 years with a monthly instalment of RM400, how much personal loan does he get?

Mr Yeong has RM40 000 and invests consistently on a quarterly basis RM10 000 to buy shares. Table 4 shows the share price bought by Mr Yeong in year 2018.

Calculate the average cost per share unit.

What would be the total savings at the end of the third year if RM 8 200 is deposited in a bank with a rate of 3 % per annum and compounded every 4 months?
[MV =  $P\left(1+\frac{r}{n}\right)^{nt}$  ]

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]

Mrs Amni is a dealer who keeps a sum of money in the bank with the intention of issuing a cheque to pay the creditor.

What is the type of saving she made?

Mr Duncan 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?

Marcella bought 2000 units of unit trust. The followings are the returns that she might get from her investment except

Which of the following not type of saving...

En Raman saved RM 8500 in a bank account with an interest rate of 2.3% per annum. Calculate the interest earned after 2 years.

A bank offers an interest rate of 4.8% per annum for savings in a fixed deposit. If Kalaivani saved RM15 000 into the fixed deposit account, how much savings does she have at the end of the 3rd year if the interest compounded once every 3 months?

Raman bought the shares of Company Q in the year 2019 with RM8 000. He received a dividend of RM50 in that year. Then, he sold all his shares for RM8 950. Calculate the return on investment for Raman

Jocelyn deposits RM2 400 in a bank with an interest rate of 1.8% per annum.

Calculate the total savings of Jocelyn after 3 months.

Ms Lee borrowed RMk from a bank with an interest 4.5% per annum.

If the total interest paid to the bank for a period of 6 years was RM3 375, find the value of k.

Mr Kumar paid a monthly instalment of RM1 145 for his car loan.

The bank charged an interest rate of 2.9% for a period of 5 years.

Calculate the amount of his car loan.

Mr Brandon invested 6 000 unit of shares value at RM1.50 per unit in Bakti Company.

The company then declared a dividend of 4%.

After receiving the dividend, Mr Brandon sold all the shares at the price of RM1.80 oer unit.

Calculate the return of investment for Mr Brandon

RM3 500 is invested at an interest rate of 6% per annum.

How long will it take for the investment to reach RM4 340?

Carmen obtained a personal loan of RM3 000 from a bank which charges an interest rate of 8.5% for the whole period of the loan.

She paid off the loan with the interest in 12 equal monthly instalments.

How much is her monthly instalment?

Based on the table, calculate the return on investments of the shop house.