PPD Sibu Additional Mathematics Project Work 2020

PEJABAT PENDIDIKAN DAERAH SIBU

PROJECT WORK FOR ADDITIONAL MATHEMATICS YEAR 2020

Introduction
Money drives many decisions that we make day to day. Setting goals can help us take control and
feel more confident about those decisions.

What are financial goals?

Financial goals are the personal, big-picture objectives you set for how you’ll save and spend money.
They can be things you hope to achieve in the short term or further down the road. Either way, it’s
often easier to reach your goals if you identify them in advance.

Examples of financial goals

Think about what’s important to you as you begin to set goals? It’s completely normal to have several
goals, and for them to change over time.

Examples of financial goals include:

Paying off debt.
Saving for retirement.
Building an emergency fund.
Buying a home.
Saving for a vacation.
Starting a business.
Feeling financially secure.

Part 1
Dave and Chung are 20 years old general worker. Dave starts to saves RM 1200 on his 21 years
old birthday at Bank ABC at the annual interest rate of 3%. He continues to do so until 60 years old.
Chung realised that saving is important and he starts to do so during his 31 st birthday with the starting
amont RM 800 every month into Amanah Saham with annual interest rate of 8%. Calculate the
retirement fund for Dave and Chung at the age of 60. Give your solutions at least in two methods.
Please comment on Dave and Chung retirement fund.

1
PPD Sibu Additional Mathematics Project Work 2020

Part 2
How much will your RM100 per month investment be worth in……….
(use MS Excel to complete the following table)

Annual Return Rate

Years of investment
3% 5% 9%
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
30
35
Table 1

2
PPD Sibu Additional Mathematics Project Work 2020

Part 3
The market price of houses around Bandar Baru Bangi area is found to be the highest in the Klang
Valley area. On the other hand, the number of double storey terrace house constructed in Malaysia
is the highest in Petaling District followed by Hulu Langat District in the Klang Valley around the
years 2005-2010.

Diagram 1 : The average value of the number of Double Storey Terrace House in the Klang Valley
area.

District Market Price (RM)

Year 2005 Year 2010
Gombak 295000 383500
Hulu Langat 260000 325000
Klang 185000 259000
Petaling 360000 558000
Sepang 145000 179800
Table 2

(a) Based on Table 2, calculate the composite index of the market prices in the year 2010 based
on the year 2005. Give your answer correct to four significant figures.

(b) Given the composite index for the year 2015 based on the year 2010 is the same as the
composite index of 2010 based on the year 2005. Calculate the market price of houses in the
Klang Valley in year 2015 if the corresponding market price in the year 2005 is RM350000.

(c)The market price of houses is expected to increase by 36 % from the year 2015 to the year 2021.
Find the composite price index in the year 2021 based on the year 2005.

3
PPD Sibu Additional Mathematics Project Work 2020

FURTHER EXPLORATION

(a) What are the desirable properties of the base period?

(b) Why is it essential to have different CPI for different categories of consumers?

(c) Comment on the relative values of the index numbers. Are they comparable?