FORM 3 MATHEMATICS

NAME:_______________________________________________ DATE:______________ MARKS:____________

QUIZ: Chapter 3: Consumer Mathematics, Savings & Investment, Credits & Debts

1. (a) Rosie deposited RM6 500 in a bank with an interest rate of 2.85% per annum for 4 years.
(i) Calculate the interest earned by Rosie.
[2 marks¿

(ii) How much is Rosie’s total savings after 4 years?

[1 mark¿

(b) (i) Jason deposited RM15 000 in a fixed deposit account with an interest rate of 3.6% per annum
and compounded half yearly. Calculate Jason’s total savings after 3 years.
[2 marks¿

(ii) Encik Roslan invested RM16 800 of Jaya Company shares. He received a dividend of
RM1 041.60 after one year. Find the dividend rate declared by the company.
[2 marks¿

(c) Mr Leo obtained a personal loan of RM30 000 from Bank Maju with an interest rate of 4.8% per
annum and the payback period is 5 years. Calculate the monthly instalment payable by Mr Leo.
[3 marks]