b.maths Sem1 Senior

7/31/2019 b.maths Sem1 Senior

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IPG KAMPUS TUN HUSSEIN ONN

BASIC MATHEMATICS COURSEWORK

NAMES : ASVEENE D/O LOGANATHAN

(921015-02-5902)

LIM HUI MIN

(920409-01-5294)

NGAWANG KUNGA NYIAU ZONG HE

(921210-13-5314)

CLASS/GROUP : MATEMATIK 1 /PPISMP (SEM 1)

TITLE : CAR LOAN

LECTURERS NAME : DR. SYUHAIDA


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Content

Appreciation i

The criteria and the advantage

of each car loan from different

company

1

Types of car 3-5

Formula of calculation 6-11

Monthly budget proposal 13-15

Percentage of monthly

expenditure based on income

and pie chart

16

A calculation of loan payment

monthly in percentage

17-18

Bar chart and pie chart 19-20

Selected car 21-22

Bibliografi 23


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Appreciation


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First of all, we would like to thanks God. He had given us the determination to

complete our assignment on time although we faced some problems. Thus, we are very

grateful of God.

We would like to thank to our basic mathematics lecturer also, Dr. Suhaida , who

had taught and guard us from time to time whenever we face any problem in our

assignment patiently. She also willingly shares knowledge with us whenever we

confront with doubts in completing the coursework. We really appreciate it. We are

really proud to have Dr.Syuhaida as our basic mathematics lecturer.

Besides, we would like to thank our lovely parents because they gave us a lot of

moral support in completing this assignment when we are facing difficulties. They also

share their knowledge about loan to us as they are more experienced in it.

Not forgetting to our friends who willing to share their ideas and information with

us. Last but not least, thank you for all who are willing to spend your valuable times to

help us completed this assignment. Thank you.

INTEREST RATE


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a. Based on the information gathered, you have to decide and select a car

loan scheme or a personal loan scheme that suits your needs. Show how

the loan are calculated.

To choose the best car loan scheme, I did collect two of car loan scheme

from a different company that help me in the process of choosing the right car

loan.

Types of company 7 Years 9 Years

Edaran Otomobil Nasional

Berhad(EON)

4.0% 4.1%

Perodua.Sdn.Bhd. 3.75% 4.0%

1

INTEREST


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3.50%

3.60%

3.70%

3.80%

3.90%

4.00%

4.10%

7 YEARS 9 YEARS

PERODUA SALES

EDARAN OTOMOBILNASIONAL BHD.

THE CRITERIA AND THE ADVANTAGES OF EACH CAR LOAN FROM DIFFERENT COMPANY

We want to find a suitable car loan based on the budget that we left after all

deduction. After research, we have found two companies that have a different interest

rate for a car loan. First, Perodua sdn.bhd, it gives two ways of paying for the loan

payment, there are 7 years were interest is 3.75% and for 9 years loan is 4.00%. We

need to pay 1% from the real price.

Then we go to another branch Edaran Otomobil Nasional Berhad and we

found different interest rate that is 4.00% for 7 years car loan payment and 4.10%

interest for 9 years car loan payment. We also need to pay for the down payment 10%

from the real price. The interest rate are very high compare to the main company of

perodua.

So we choose Perodua sdn.bhd company for our car loan because of those

advantages . Other benefits that we get from this company is we need to pay small

amount for a down payment.. For we, car loan scheme from the Perodua Sales very

suits to our need . Now we will chose a suitable car based on a car loan scheme from

Perodua Sales that we have just roun.

YEARS OF


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COMPARISON OF THREE CARS

We have chosen Perodua sales scheme for our car loan. Now, we have to

choose three different cars with the same interest rate. We just got our license and we

are secondary school teachers. As a young lady, we like to use auto car because it

easier for us to handle it. Now, we want to make comparisons between three car with

automatic break system.

Car Criteria:-

1. MYVI STD (AUTO) EZ METALLIC

Car Price RM49,119.50

7 years payment (per month) RM 730.00



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2. VIVA ELITE 1.0 (AUTO) EZI METALLIC

Car Price RM46723.90



3. ALZA PREMIUM 1.5 (AUTO) EZI METALLIC

Car Price RM 66124.00



FORMULA OF LOAN CALCULATION


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Loan Amount X Interest (%) X How many years to repay the loan + Loan Amount

How many months to repay the loan = Monthly amount to repay the loan

MYVI STD (AUTO) EZ METALLIC FOR 7 YEARS LOAN

OTR PRICE OF KENARI RM 49,119.50

90% LOAN RM 45890.0090%

= RM 41301.00

7 YEARS PAYMENT AT 3.88% RM 41301.003.88%

= RM 1602.47(1 YEAR)

THEREFORE, FOR 7YEARS RM 1602.477

= RM 11217.35

TOTAL 90 % LOAN AND 7 YEARS

PAYMENT

RM 41301.00+ RM 11217.35

=RM 52518.35

MONTHLY PAYMENT RM 52518.35 84 MONTH

= RM 625.00

KENARI RS (AUTO) METALLIC FOR 9 YEARS LOAN


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OTR PRICE OF KENARI RM 45890.00

90% LOAN RM 45890.0090%

= RM 41301.00


= RM 1602.47(1 YEAR)

THEREFORE, FOR 9 YEARS RM 1602.479

= RM 14422.31

TOTAL 90% LOAN AND 9 YEARS

PAYMENT

RM 41301.00+RM 14422.31

=RM 55723.31


= RM 515.00

VIVA 1.0 EZi (A) (PREMIUM) METALLIC FOR 7 YEARS LOAN


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OTR PRICE OF VIVA RM 44200.00

90% LOAN RM 44200.0090%

= RM 39780.00


= RM 1543.46 (1 YEAR)


= RM 10804.25


PAYMENT

RM 39780.00+RM 10804.25

=RM 50584.25


= RM 602.00

VIVA 1.0 EZi (A) (PREMIUM) METALLIC FOR 9 YEARS LOAN


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OTR PRICE OF VIVA RM 44200.00

90% LOAN RM 44200.0090%

= RM 39780.00


= RM 1543.46 (1 YEAR)


= RM 13891.18


PAYMENT

RM 39780.00+RM 13891.18

=RM 53671.18


= RM 496.00

MYVI 1.3 EZi (A) SPECIAL EDITION METALLIC FOR 7 YEARS LOAN


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OTR PRICE OF MYVI RM 49315.80

90% LOAN RM 49315.8090%

= RM 44384.22


= RM 1722.11 (1 YEAR)


= RM 12054.75


PAYMENT

RM 44384.22+RM 12054.75

=RM 56438.95


= RM 671.00


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MYVI 1.3 EZi (A) SPECIAL EDITION METALLIC FOR 9 YEARS LOAN

OTR PRICE OF MYVI RM 49315.80

90% LOAN RM 49315.8090%

= RM 44384.22


= RM 1722.11 (1 YEAR)


= RM 15498.99


PAYMENT

RM 44384.22+RM 15498.99

=RM 59883.21


= 554.00


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BAR CHART OF MONTHLY PAYMENT

0

100

200

300

400

500

600

700

7 YEARS 9 YEARS

KENARI

VIVA

MYVI

Monthly payment (RM)

Year to repay the loan


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DEBIT AND CREDIT(INCOME)

As mention in salary slip

DEBIT TOTAL CREDIT TOTAL

Basic Salary RM 2330.00 EPF RM 280

Allowance

ITP RM 250.00

ITKA RM 300.00

BSH (COLA) RM 300.00

TOTAL RM 3,180.00 BALANCE RM 2,900.00


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MONTHLY BUDGET (based on my income)

BEFORE THE LOAN

MONTHLY EXPENSES BUDGET (RM) PERCENTAGE (%)

Parents 500.00 17.24

Insurance 110.00 3.79

House rent 250.00 8.62

Food 300.00 10.34

Cloth 100.00 3.45

Daily spending 300.00 10.34

Transportation 200.00 6.90

EPF 280.00 9.66

Telephone Bill 50.00 1.72

Electric Bill 50.00 1.72

Water Bill 30.00 1.03

Savings 780.00 26.90

TOTAL 2,545.85 100.00


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19.64

4.32

9.82

11.78

3.93

7.86

7.86

10.99

3.93

1.961.18 16.73

Monthly Budget (Before Loan)

Parents

Insurance

House rent

Food

Cloth

Daily spending

Transportation

EPF

Telephone Bill

EXPENDITURE

EXPENDITURE AMOUNT

Parents RM 500.00

Bills RM 100.00

Saving RM 300.00

Groceries RM 200.00

Shopping RM 100.00

Total RM 1200.00

BALANCE TO PAY THE LOAN


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Balance to pay the loan = Net salary - Expenditure

= RM 2850.00 RM 1200.00

= RM 1650.00

There are many payment that we have to pay in our deductions of paying the

bills, food, savings, parents and others payment that we already count before. Total

reduction was RM 1550.00. We have RM 1650 balance of our salary per month. Now

we will chose a suitable car loan based on a budget that we have and satisfy our need.

PERCENTAGE OF EXPENDITURE

Parents RM 500.00 41.67 %

Bills RM 100.00 8.33 %

Saving RM 300.00 25.00 %

Groceries RM 200.00 16.67 %

Shopping RM 100.00 8.33 %

TOTAL RM 1,200.00 100%


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ESTIMATED PAYMENT

Car loan scheme : RM 700.00

Petrol : RM 300.00

Balance (in hand) : Balance to pay the loan Estimated payment for

car & petrol

= RM 1650.00 RM 1000.00

= RM 650.00

AFTER ALL DEDUCTIONS FROM MY SALARY I STILL HAVE RM 650.00 FOR

EMERGENCY USE.

CALCULATION OF LOAN PAYMENT IN PERCENTAGE

PERODUA KENARI

i) Income : RM 2850.00

ii) Car loan scheme -

7 years : RM 633.00 x 100%

RM 2850.00

= 22.21 %

9 years : RM531.00 x 100 %

RM 2850.00

= 18.63 %


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17

PERODUA VIVA



7 years : RM 601 x 100 %

RM 2850

= 21.09 %

9 years : RM 496 x 100 %

RM 2850

= 17.40 %

PERODUA MYVI



7 years : RM670.00 x 100 %

RM 2850.00

= 23.51 %

9 years : RM 553.00 x 100 %

RM 2850.00

= 19.40 %


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BAR CHART OF LOAN PAYMENT (%)

0

5

10

15

20

25

KENARI VIVA MYVI

7 years

9 years

Types of car

Loan payment (%)


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SELECTED CAR

After the comparison that I made between the three car, KENARI, VIVA, MYVI, I

found out that MYVI is reasonable than the two cars that I had in mind. The price selling

of this car is RM 49315.80 and I didnt have to pay the down payment of the car. The

loan payment that I have to pay was RM 44300.00. This was the other ninety percent of

the payment. There are two ways of paying the payment of the car. First was the seven

years payment or second method was nine years of monthly payment. I choose to pay

using the first method, that is seven years. Eventhough the payment is high compare to

9 years, I want to settle all the bank loan as soon as possible. So, I have to pay RM

Loan payment for 7 years

KENARI

VIVA

MYVI

Loan payment for 9 years

KENARI

VIVA

MYVI


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670.00 for every month. After the deductions I still have a saving that I can use when I

am in emergency. Many people in this country are attracted with the new design of car

by Perodua. I just got a vehicles license and Im not professional yet. The shape of the

car are very nice and ideal for me. It suitable to me because Im a young girl. I also still

new in teaching profession, as a teacher I must come to school with a good personality.

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MYVI car is a first choice for me. The size of car is not to big and to small.It easy

to drive. I also not married yet. So,it very suitable for me.

Another reason why I choose Myvi as my selected car, in my opinion this vehicle

is more safety then the others. This is because this vehicle was complete by two safety

component such as airbags system and anti lock brake system. The car also like a sport

car. Besides that, this vehicles are economic refer to the price. The petrol users is more

saves. Then, if I choose this car I can saves a lot of my money for my future. I choose

Myvi 1.3sxi manual metallic car loan because it is affordable to me. The car is enough

for me to bring my parents anywhere.


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22

BIBLIOGRAPHY

PERODUA BROCHURE

- PERODUA SALES SDN. BHD.

- DARLIN AZMI.

- BANK RAKYAT.

PROTON BROCHURE

- BANK RAKYAT.

INTERNET

- http//:www.perodua.com.my


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LONGMAN DICTIONARY

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REFLECTION

In my work to done this task, I had reaches many trouble. First, I cant find bankbrochure for a car loan. So I try to find another way. I try to find the brochure in another

bank like Eon Bank, Ambank, Bank Islam and many more.

I also cannot find the brochure to buy a new car. So I decide to go to the Cars

Seller Center to take the brochure and start to do my work. At last I found the car loan

brosur at BP mall.

Beside that, I also stuck when I do this task because of the tasks question. I

cannot understand what is the task exactly wanted. So I decide to see my lecturer, Pn.


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Kharsiah Bt Khalid to ask her kindness to show me what are this task really want. Im

glad to have Pn Kharshiah as my Basic Mathematics.

Because of her, now I have understand what to do and then I do it on my own

and completely done at the date of submission. I really thankful to all of people who had

helped me to done my work. Thak you.


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b.maths Sem1 Senior