Assessment 3 [20 Marks].

Duration: 30 minutes
This paper consists of 10 questions.

1. Simpson deposited 𝑅𝑀3 000 into his saving account with an interest rate of 5% per
annum. Calculate the total amount of his money after 6 months.
A 3 075
B 3 150
C 3 500
D 3 750

2. A sum of money is deposited in a fixed savings account to receive a simple interest of

𝑅𝑀1 840 over 2 years at 8% per annum. Find the amount of the money.

A 11 500
B 12 420
C 14 880
D 16 700

3. Farhana bought 6 000 units of unit trust with an investment of 𝑅𝑀5 700. Find the
average cost per unit.

A 𝑅𝑀0.48
B 𝑅𝑀0.95
C 𝑅𝑀1.93
D 𝑅𝑀2.15

4. Dani borrowed a sum of money from a bank for 5 years at a rate of 10% per annum. If he
is paying a monthly instalment of 𝑅𝑀750, find Dani’s loan amount.

A 𝑅𝑀20 000
B 𝑅𝑀20 500
C 𝑅𝑀30 000
D 𝑅𝑀30 500

5. Vivian bought a television which costs 𝑅𝑀10 000 with a full loan. The interest rate is 5%
per annum over 3 years. What is the total amount of the purchase?
A 𝑅𝑀 10 800

B 𝑅𝑀11 500

C 𝑅𝑀12 100

D 𝑅𝑀12 900

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6. Kamarul deposited RM5 500 in a fixed deposit account with annual interest rate of 𝑥%.
After 3 years, the savings has increased to 𝑅𝑀6 010. Calculate the value of 𝑥. [3 marks]

7. Lim wants to get a personal loan of RM45 000 from a bank with the annual interest rate
5% for loan period of 6 years. Calculate the monthly instalment of the loan. [2 marks]

8. Ahmad deposits a sum of money in a fixed deposit account with the annual interest rate
3.2%, compounded quarterly. Calculate the money deposited if it increases to RM11 003
after 10 years. [3 marks]

9. Mr Khalid bought a homestay for 𝑅𝑀360 000. The daily rent was 𝑅𝑀250. On average,
20 days a month will be rented out by the tenant.
(a) Calculate the amount of monthly rent collected. [2 marks]
(b) Calculate the amount of annual rent collected. [2 marks]
(c) After 2 years, the homestay was sold for RM600 000. Calculate the total return on
investment that Encik Khalid received. [3 marks]
Answer:

1 2 3 4 5

6.

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