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    ACES Lesson Plan

    Uploaded by

    Jesseca Jean Aguilar Sepillo
    This document outlines a lesson plan on interest rates that includes: 1) Deriving a formula for calculating interest amounts and solving problems involving interest rates. 2) Analyzing the advantages and disadvantages of borrowing money with interest through role playing a situation where a family considers borrowing money to fund a daughter's birthday party. 3) Having students solve practice problems involving interest calculations and discussing the implications of spending decisions depicted in the problems.

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    ACES Lesson Plan

    Uploaded by

    Jesseca Jean Aguilar Sepillo
    280 views2 pages
    This document outlines a lesson plan on interest rates that includes: 1) Deriving a formula for calculating interest amounts and solving problems involving interest rates. 2) Analyzing the advantages and disadvantages of borrowing money with interest through role playing a situation where a family considers borrowing money to fund a daughter's birthday party. 3) Having students solve practice problems involving interest calculations and discussing the implications of spending decisions depicted in the problems.

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    This document outlines a lesson plan on interest rates that includes: 1) Deriving a formula for calculating interest amounts and solving problems involving interest rates. 2) Analyzing the advantages and disadvantages of borrowing money with interest through role playing a situation where a family considers borrowing money to fund a daughter's birthday party. 3) Having students solve practice problems involving interest calculations and discussing the implications of spending decisions depicted in the problems.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    280 views2 pages

    ACES Lesson Plan

    Uploaded by

    Jesseca Jean Aguilar Sepillo
    This document outlines a lesson plan on interest rates that includes: 1) Deriving a formula for calculating interest amounts and solving problems involving interest rates. 2) Analyzing the advantages and disadvantages of borrowing money with interest through role playing a situation where a family considers borrowing money to fund a daughter's birthday party. 3) Having students solve practice problems involving interest calculations and discussing the implications of spending decisions depicted in the problems.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Lesson: An Interest That Is Not Interesting I.

    Objectives:
    Cognitive A. Derive a formula in getting amounts of interest. B. Solve problems involving interest rates. Affective C. Analyze the advantages and disadvantages of borrowing money with interest. D. Value the efforts of making both ends meet in a tight financial situation. II. Content Simple Interest III. Procedure The 4 As in the ACES Strategy A. Activity Affective Role play a situation where a daughter insist of having a birthday party in one of the impressive restaurants in town. Mother objects because of their tight financial situation. Father gives in and decides to borrow money from a friend. Mother says its embarrassing to borrow money just to grant the daughters idiosyncrasy. She suggests instead, to sell their microwave oven. Cognitive Present Fathers computation if he borrowed money from a friend. Php 6,000 amount he needs and borrow it with 10% - interest rate payable within 3 months Php 6,000 X .10 ___________ Php 600 amount of interest Php 6,000 + 600 _________ Php 6,600 _ total amount Father has to pay after 3 months Php 6,600/3 months = Php 2,200 - amount he has to pay every month

    B. Analysis Affective If Mother sells their microwave oven which they just bought 2 months ago for Php 7,000, they would be losing Php 1,000. Besides, if they plan to buy a new one again, they will not be able to get the same at Php 7,000 because prices go up fast. Cognitive

    What is the amount of interest in borrowing Php 6,000 at 10% for 3 months? How much will Father have to pay at the end of 3 months? How much is his monthly obligation to his friend-lender? Is this an added burden to their monthly expenses? C. Abstraction Cognitive Have the children derive a formula to solve for problems involving interest. Affective Discuss the advantages and disadvantages of borrowing money with interest. Making Both Ends Meet Sometimes in our lives we tend to spend to satisfy our whims and fallacies. Example of these are buying new dress even if there is no need to buy a new one, or purchase items that attract ones attention. Worse is giving a party or blow-out in spite of financial difficulties. This is one practice common among Filipinos and has been already part of our culture and Filipino generosity. Being generous is good but it has its own limit especially if it involves money. Before spending money for blow-outs and parties just to please others, we must think about the consequences of spending. D. Application Cognitive Have students solve problems involving interest from their mathematics workbook. Affective Discuss with the children the implications of spending in each situation depicted in the problem. Example: Problem Implications Is it worth buying? Why? Rainy days is here again. Mother finds it difficult to dry the clothes of her 4 children during these days. She decides to buy a washing machine worth Php 10,000 and payable within 5 months with an interest rate of 15% per year. Questions to ask: 1. How much does Mother has to pay every month? 2. Can the family income of Php 12,000 accommodate this expense?

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