NAME :

CLASS :
Consumer Mathematics Form 3
DATE :
15 Questions

1. 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) A. RM20 000 b) B. RM25 000

c) C. RM30 000 d) D. RM35 000

2. 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) A. RM442.50 b) B. RM450.00

c) C. RM462.50 d) D. RM470.00

3. The meaning of Risk is

a) A. simple interest b) B. total money deposited

c) C. possibility of gaining pro t d) D. possibility of loss

4. The following are the weaknesses of credit card usage

except

a) A. easy to spend exceeding ability b) B. easy to use for cashless payment

c) C. could be imposed interest and other d) D. excessive loan
charges
5. 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) A. 51200 b) B. 50100
c) C. 7989 d) D. 7987

6. 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) A. 6% b) B. 8%
c) C. 12% d) D. 14%

7. 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.

a) A. 49.5% b) B. 52.1 %

c) C. 56.9% d) D. 74.2%

8. 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 nance charge and late
payment charge are 15% per annum and 1% of the
outstanding balance respectively. Find the total outstanding
balance on next month.

a) A. RM2 500.00 b) B. RM2 525.00

c) C. RM2 531.25 d) D. RM2 556.25

9. 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 : rm10If the payment
due date of the card is 14th May 2019, and Aina makes a
payment of RM200 after 14 May 2019, what is her
outstanding balance in June?

a) A. RM2 341.25 b) B. RM2 331.25

c) C. RM2 131.25 d) D. RM2 338.75

10. 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 pro t of the stocks investments?

a) A. RM10 000 b) B. RM40 000

c) C. RM66 666 d) D. RM200 000

11. Based on the previous table, calculate the return on

investments of the shop house.

a) A. 44.4% b) B. 33.3%
c) C. 22.5% d) D. 14.4%

12. 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?

a) A. RM15 892 b) B. RM16 892

c) C. RM17 892 d) D. RM18 892

13. 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?

a) A. RM131.10 b) B. RM157.10

c) C. RM262.20 d) D. RM285.20

14. Krishnan gets a personal loan from Bank K with a at

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?

a) A. RM15 556 b) B. RM20 488

c) C. RM60 000 d) D. RM210 000

15. 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.

a) A. RM0.48 b) B. RM1.92

c) C. RM1.93 d) D. RM1.94
Answer Key
1. c 5. d 9. a 13. c
2. c 6. d 10. b 14. c
3. d 7. b 11. a 15. b
4. b 8. d 12. b