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Savings and Investments

3.3 Savings and Investments
 

We will learn about the meaning of savings and investments.
SAVINGS INVESTMENT
Excess money deposited in the bank, bag or safe. An alternative way to get a return in the future.
Three types of savings:
- Savings Account
- Current Account
- Fixed Deposit Account


Three types of investments:
- Unit Trusts
- Real Estate
- Shares
 
The following is the meaning of simple interest and compound interest in savings:
  • Simple interest is interest paid on capital only while compound interest is interest on interest.
  • Compound interest is interest calculated on the initial principal as well as interest accrued for the previous period of the deposit or loan.
The views expressed in the notes here are those of the contributor and don’t necessarily represent the views of Pandai.

Savings and Investments

3.3 Savings and Investments
 

We will learn about the meaning of savings and investments.
SAVINGS INVESTMENT
Excess money deposited in the bank, bag or safe. An alternative way to get a return in the future.
Three types of savings:
- Savings Account
- Current Account
- Fixed Deposit Account


Three types of investments:
- Unit Trusts
- Real Estate
- Shares
 
The following is the meaning of simple interest and compound interest in savings:
  • Simple interest is interest paid on capital only while compound interest is interest on interest.
  • Compound interest is interest calculated on the initial principal as well as interest accrued for the previous period of the deposit or loan.
The views expressed in the notes here are those of the contributor and don’t necessarily represent the views of Pandai.
Chapter : Money
Topic : Saving and investment
Year 5 Mathematics
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