NAME: MUHAMMAD NUR IMAN RAYYAN BIN ABDUL LATIF

CLASS: 5 SENA
SUBJECT: MATHEMATICS
UNIT 3: MONEY
1.1 DIFFERENCES BETWEEN SAVING ACCOUNT AND INVESTMENT ACCOUNT

SAVING ACCOUNT INVESTMENT ACCOUNT

 Money can be saved or deposit  Withdrawal 1cannot be made

 Withdrawal can be made at any time anytime because there is a maturity
 Starting saving amount is low date
 Entitled for interest  Starting amount depends on the
 1% to 2% interest rate per annum.
versus types of investment
 Profit will be given as dividend or
bonus
 Profit rate is usually above 2% per
annum

1.2 DIFFERENCES BETWEEN CASH AND CREDIT

PURCHASING VIA CASH PURCHASING VIA CREDIT

 Not in debit  In debt

 No interest  Interest is imposed
 Paying for the actual price versus  Paying more than actual price
 Payment is made in full cash or debit  Payment via credit card and
card monthly instalment

1.3 MATCH THE WORD WITH THE MEANING – PAGE 109 TEXTBOOK

An amount of money received by anyone who saves

Simple Interest
money in a bank within a certain period of time.

A convenience to postpone the payment of the items

Credit
purchased or some money landed by the financial

The money kept or deposited and can be used when

Savings
necessary.

The money used for a certain business that will give

Investment
profit.

A loan needed to be paid by someone.

Debit

An interest received from the savings and interest

Compound Interest
collected each year