Tajuk anda

ADDITIONAL MATHEMATICSPROJECT WORK 1/2012 Name : Nurul Husna Binti Abdul Kahar I/C No : 951213-01-5358 Class : 5 SN 1 Teachers Name : Pn. Tan Sue Kee School : SMK Seri Pengkalan

CONTENT Acknowledgement Objectives Introduction Part 1 Part 2 Part 3 Further Exploration Conclusion Reflection

ACKNOWLEDGEMENT First of all, I would like to say thank you, for giving me thestrength to do this project work.Not forgotten my parents for providing everything, such asmoney, to buy anything that are related to this project work andtheir advise, support which are the most needed for this project.Internet, books, computers and all that. They also supported meand encouraged me to complete this task so that I will notprocrastinate in doing it.Then I would like to thank my teacher, Cik Norhayati forguiding me and my friends throughout this project. We had somedifficulties in doing this task, but she taught us patiently until weknew what to do. She tried and tried to teach us until weunderstand what we supposed to do with the project work. Last butnot least, my friends who were doing this project with me andsharing our ideas. They were helpful that when we combined anddiscussed together, we had this task done.

OBJECTIVES The aims of carrying out this project work are: to apply and adapt a variety of problem-solving strategies tosolve problems. to improve thinking skills. to promote effective mathematical communication. to develop mathematical knowledge through problem solving in a way that increases students interest and confidence. to use the language of mathematics to express mathematicalideas precisely. to provide learning environment that stimulates and enhanceseffective learning. to develop positive attitude towards mathematics

INTRODUCTION

(b) Meaning of (i) Interest rate :

An interest rate is the rate at which interest is paid by a borrower for the use of money that they borrow from a lender. For example, a small company borrows capital from a bank to buy new assets for their business, and in return the lender receives interest at a predetermined interest rate for deferring the use of funds and instead lending it to the borrower. Interest rates are normally expressed as a percentage of the principal for a period of one year .

Interest rates targets are also a vital tool of monetary policy and are taken into account when dealing with variables like investment, inflation, and unemployment.

(ii) Monthly installment :

Definition of 'Equated Monthly Installment - EMI' A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.

Investopedia explains 'Equated Monthly Installment - EMI' With most common types of loans, such as real estate mortgages, the borrower makes fixed periodic payments to the lender over the course of several years with the goal of retiring the loan. EMIs differ from variable payment plans, in which the borrower is able to pay higher payment amounts at his or her discretion. In EMI plans,

borrowers are usually only allowed one fixed payment amount each month.