KEMAHIRAN GENERIK: MATEMATIK TAKSIRAN

(BASIC MATHEMATICS)

NAMA AHLI KUMPULAN

CASE STUDY 2

BASIC MATHEMATICS
Case study 2
Sally, a trained primary school teacher was posted to a city to teach. With the number of available bank loan schemes Sally hopes to buy a small terrace house. Her monthly salary is RM2300 while her monthly saving is RM1000. Sally hopes to own the house after 20 years.

In

my opinion, I will recommend Sally to choose the house loan schemes which the house prices are in the range of hundred thousand with lower interests.

This

is because Sallys monthly budget is nine hundred and forty only. Then, she can afford to pay the house loan successfully and finally has own terrace house.

Budget generally refers to a list of all planned expenses. It is a plan for saving and spending.
Savings Food RM230 Others RM130

Category Income

Amounts RM2,300 RM1,000

Budgeting: RM940

Sales
1200

Sales

1000

800 Budgeting 600 Saving Food Other 400 Budgeting Saving Food Other

200

0 Budgeting Saving Food Other

 From

the two schemes shown as below, I will choose the best and affordable loan scheme which suitable for her to ensure that she can complete paying for her house loans.
she can afford to own a terrace house.

Therefore,

HOUSE LOAN 1
Budgeting
House Price Interest House Loan
RM 940
RM 150,000 RM150,000 x 2.15% x 20years = RM 64,500 RM150,000 + RM 64,500 = RM 214,500

Payment for per Month

RM 214,500 / 240 months = RM 893.75

Price: RM 150, 000 Type: Double Storey Terrace House Bedrooms: 3 Size: 1400 sq.ft. Tenure : --

Location : Taman Sejati Indah, Sungai Petani (Kedah). Near Giant & Parkson Ria Supermarket, Food Court, Petrol Station & other anenities.

Double storey terrace house with 3 bedrooms and 3 bathrooms. Unit renovated with extension kitchen, kitchen cabinets, master bedroom fully furnish, doors and Facilities/ windows metal grills and car pouch. Advantages Unit is in excellent condition and complete with electrical equip include 2 units Air Cond. Can be sold with or without house furnishings. Near Giant & Parkson Ria Supermarket, Food Court, Petrol Station & other anenities Easy access to North South Highway.

HOUSE LOAN 2
Budgeting House Price Interest(first year) Interest(second year and above) Interest of the loan House Loan RM 940 RM235,000 RM235,000 x 3.4% =RM7,990 RM235,000 x 2.4% x 29 years =RM163,560 RM163,560 + RM7,990 =RM171,550 RM171,550 + RM 235,000 =RM 406,550

Payment for per month

RM 406,550 / 360months = RM 1,129.31

Price : RM235,000 Type : Double Storey Terrace House Bedrooms: 4 Size : 1750 sq.ft. Tenure: 99 Location : Putra Perdana Double Storey House (Selangor).

Double storey terrace house with 4 bedrooms.

Facilities/ Advantages Has a playground opposite of the

house. The new interchange linking MEX will be put use soon. An exciting shortcut route to Putra Jaya KLIA is already put in use.

24 hour security.

House loan 1
House price is RM 150,000 Interest is 2.15%

House loan 2

House Price is RM 235,000 Interest is 3.4% for first month and 2.4% for second month and above Payment per month Payment per month is RM 893.75 is RM 1,129.31

Double storey terrace house with 3 bedrooms and 3 bathrooms. Unit renovated with extension kitchen, kitchen cabinets, master bedroom fully furnish, doors and Facilities windows metal grills and car pouch. And Advantages Unit is in excellent condition and complete with electrical equip include Of House 2 units Air Cond. Loan 1 Can be sold with or without house furnishings. Near Giant & Parkson Ria Supermarket, Food Court, Petrol Station & other anenities Easy access to North South Highway.

Double storey terrace house with 4 bedrooms.

Facilities Has a playground opposite of the And Advantages house. Of House Loan 2 The new interchange linking MEX will
be put use soon. An exciting shortcut route to Putra Jaya KLIA is already put in use.

24 hour security.

 They are only one of the loan schemes that Sally can afford to pay as her budget is RM 940 only.
By choosing the first house loan, Sally has more extra savings to budget to buy other things. Furthermore, the first house loan has less interest than second house loan. Then, it will not be the burden in her daily life.

I will recommend Sally to choose the first house loan schemes because it is very economical, convenience and suitable to her.