Acknowledgment

After weeks of struggle and hard work to complete assignment given to us our teacher
Puan Huwaida bin Mohd Daruddin, I finally did it within two week with satisfaction and senses
of success because I have understood more deeply about the interest and investment more
than before. I have to be grateful and thankful to all parties who has helped me in the process
of completing assignment. It was a great for me as I have learnt to be more independent and to
work as group. For this, I would like to take this opportunity to express my thankfulness once
again to all parties concerned.
Firstly, I would like to thank my additional mathematics teacher, Puan Huwaida bin
Mohd Daruddin for patiently explain to us the proper and precise way to complete this
assignment. With his help and guidance, many problems I encountered have been solved.
Besides that, I would like to thank my parents for all their support and encouragement
which has given to me. In addition, my parents had given guidance on the methods to account
for investment which have greatly enchanced my knowledge on particular area.
Last but not least, I would like to express my thankfulness to my friends who have
patiently explain to me and did this project with me in groups.

Objectives

i)

To apply and adapt a variety of problem-solving to solve problems.

ii)

To improve thinking skills.

iii)

To promote effective mathematical communication.

iv)

To develop mathematical knowledge through problem solving in a way that

increases students interest confidence.

v)

To use the language of mathematics to express mathematical ideas precisely.

vi)

To provide learning environment that stimulates and enhances effective.

vii)

To develop positive attitude towards mathematics.

Introduction

In finance unsecured debt refers to any type of debt or general obligation that is not
collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or
liquation or failure to meet the terms for repayment.
In the event of the bankruptcy of the borrower, the unsecured creditors will have a general
claim on the assets of the borrower after the specific pledged assets have been assigned to the
secured creditors, although the unsecured creditors will usually realize a smaller proportion of
their claims than the secured creditors.
In some legal systems, unsecured creditors who are also indebted to the insolvent debtor are
able ( and in some jurisdictions, required ) to set off the debts, whish actually puts the
unsecured creditor with a matured liability to the debtor in a pre preferential position.
Also called signature loans or personal loans. These loans are often used by borrowers for
small purchases such as computers, home improvements, vacations or unexpected expenses.
An unsecured loan means the lender relies on the borrowers promise to pay it back. Due to
the increased risk involved, interest rates for unsecured loans tend to be higher. Typically, the
balance of the loan is distributed evenly across a fixed number of payments, penalties may be
assessed if the loan is paid off early. Unsecured loans are often more expensive and less
flexible than secured loans, but suitable if the leader wants a short-term loan ( one to five
years).
In the UK there are hundreds of different unsecured loans to choose from, so comparison
tables have become a popular way of finding out about the different option available. In 2006,
according to the Bank of England, 22% of UK households had some unsecured debt with a
further 21% having both secured and unsecured debt.