REPUBLIC OF THE PHILIPPINES

ILOILO STATE COLLEGE OF FISHERIES

San Enrique, Iloilo
5036 Philippines
College of Education
Contact No.: (033) 323-2058/
Website: www.iscof.com.ph Email: [email protected]

Detailed Lesson Plan

Math of Investment
Topic: Simple Interest

Submitted By:

RIZA GRACE BEDOY BSED 2

Submitted To:

INSTR. JAYSON C. PALMA

October 18

, 2018

First Semester
 A DETAILED LESSON PLAN IN MATH OF INVESTMENT

I. OBJECTIVES
At the end of the lesson, the students should be able to:
a. Know the formula in solving simple interest.
b. Solve real-world problems involving simple interest.
c. Value the importance of solving simple interest.
II. SUBJECT MATTER
Topic: Simple Interest
References: Nocon F. (1998) Mathemetics of Investment
Materials: Cartolina, colored paper, marker, bond paper, ¼ illustration board, chalk, eraser,
ICT tools.
Skill Focus: Thinking Skills, Speed of solving the problem, Numeracy and working with others.

III. PROCEDURE

Teacher’s Activity Student’s Activity

A. Initiatory Phase

1. Prayer
Class, kindly stand for the (The students will all stand)
opening prayer.
Who wants to lead the prayer?
One student will lead the prayer.
2. Greetings
Good Morning Class
Before you take your sit kindly Good morning Ma’am .
pick up the pieces of paper or candy The students will pick up the piece of paper under the
wrapper under your chair and if none chair.
you may take your sit.

3. Checking of Attendance
Monitor, is there any absent for
today? None ma’am.
Very good, maintain that perfect
Attendance.

4. Drills/Energizer
Before we start our day, let us The student does what is being said in the instruction
have first a math game. in the video presentation.

5. Review
Ok class, just a sort of review.
Yesterday we tackled about the
following terms.
Debtor or Maker
Lender
Interest
Principal
Rate of Interest
Time or Term of the loan
Final Amount or Maturity Value
 6. Motivation
(Some students agree and some disagree.)
Since we were talking about
money, do you agree or disagree with this
statement,

“You don’t have to be rich to always (The student will stand up and explain her answer)
have enough money”

(The student will stand up and explain his answer)

Yes Ms. _______, you said you agree with this

statement, why?

How about you Mr.______ did you disagree

with this statement?

Good, Thank you for both of you.

Well, anyone of us has a different opinion

about this.

There are many examples of lottery winners,

actors, and business people etc. who were
once very rich, but didn’t get their budgeting
right and ended up nothing.

The key for this is to manage and budget your

own money, for example, you invest or
borrow money in bank, how much interest
you will gain after a several years.

I hope by the end of this session that you will

have a better idea of about this.

B. Developmental Phase
1. Presentation

- .
Interest is the amount paid by a
borrower to a lender for the use
of money over a period.
Interest that is paid as a percent
of amount borrowed or invested
is called Simple Interest.

I = Prt
Where;
I = Interest earned
P= Principal amount invested
r= annual rate of interest
t= term or time frame in years.

In the formula, I = Prt, so what if we are

finding for P? What would be our formula?

We divide, I = Prt over rt (both side). Then

cancel the rt.
 𝐼 𝑃𝑟𝑡 Student will answer in chorus,
=
𝑟𝑡 𝑟𝑡 𝐼 𝑃𝑟𝑡
𝑃𝑡
= 𝑃𝑡 I= Prt over Pt, then cancel Pt
𝐼
So, P= 𝑟𝑡 𝐼
So r= 𝑃𝑡 ma’am .
What about were finding for r?
Any guess?
𝐼 𝑃𝑟𝑡
𝑃𝑟
= 𝑃𝑟
I = Prt over pr, then cancel pr.

Correct. 𝐼
So, t= 𝑃𝑟 ma’am.
How about were finding for t?

Very good, let’s proceed for the final

amount.

Final Amount

The formula is

F= P + I or,
F= P(1+rt)
Student will raise their hands.

Either of the two can be use. The student will read the problem.

1. Find the interest and amount on Php. 3,500 at

2. Example 7 ¼ % simple interest for 2 years & 9 months.
Ok, let’s have an example.
Who wants to read?

Yes ______.

1. Find the interest and amount on Interest and amount ma’am.

Php. 3,500 at 7 ¼ % simple interest I = Prt ma’am.
for 2 years & 9 months.

First, identify what is asked in the

problem. P

So what is asked in the problem? Php. 3,500.00 ma’am

Good, what is the formula for interest? r

Very good, then write the given. 7¼%

What are the given? 0.0725 ma’am.
Any guess? 0.70 ma’am
P=
What could be the value for P? t
Next?
r= 2 years and 9 months.
What could be the value for r?
How do we write 7 ¼ % in decimal?
Correct, what about 70 %?
Good, Convert 9 months to year ma’am.
Next given?
t=
 What could be the value for t? 1 𝑦𝑒𝑎𝑟
9 months x 12 𝑚𝑜𝑛𝑡ℎ𝑠 = 0.75 year.
According to our definition, t = term
or time frame in years.

So what should we do in 9 months?

Good, try to convert it to year. I = Prt

9
I = 3,500 x 0.0725 x 2.75
Very good Or simply = 0.75 plus I = Php. 697. 8125
12
your 2 years. I= Php 697. 81 ma’am.
Your value for t = 2.75 years.
F=P+I
= 3,500 + 697. 81
Now, substitute all the given.
I = Prt F = Php. 4, 197.81

Round off to 2 decimal places.

Now for your final amount.

F = P + I. Substitute all the given.

Your final amount is,____.

Correct.

Now, try to remember this formula,

were going to have an activity for
this.

I = Prt

𝐼
P=
𝑟𝑡

𝐼
r=𝑃𝑡

𝐼
t= 𝑃𝑟

The student will count from 1 to 2.

3. Activity
Since you already know how to solve (students will go to their respective group)
simple interest let’s have a game to
test your ability and speed of solving
the problem. Yes, ma’am.

I will group you into two. Count off

from 1 to 2.
Now, go to your respective group.
List all your members in a piece of
paper and pass it to me.
Are you ready?
Listen carefully for the instruction.
What are you going to do is to find the
missing value, you need to solve for what is
missing.
The group who got the correct answer first is Yes, ma’am.
the winner that’s 5 points while the other
group you still have a point’s base on your
answer.
Write your final answer here on the
illustration board I provided.
You need to raise it up if you’re done solving. t ma’am.
Is it clear? 𝐼
t= 𝑃𝑟
Let’s have a trial first. 610
=
5,500(0.05)
Find the missing value;
1.)I = Php. 610.00 ; P= Php. 5,500 .00;
r = 5%
What is the missing value? t= 2.22 years.
What’s the formula for t?
Then substitute the given.

Yes, ma’am.
Yes, ma’am.
The answer is_______
Correct.
(Each group will solve the problem. The first
Now, are ready? group who got the correct answer will be
Group 1? the winner)
Group 2?
Group ___.
Find the missing value;
a.) P= Php.2,300; r= 4 1/8 %; t = 3 ¼ yrs. Ans.___________
_
Group _____. Your answer is correct and
since you’re the first to show your answer
you’re the winner and got five points.
While,
Group_____. You have ____ points.

b.) I = Php.3,010; r= 3 ½ %; t= 3 ¼ %.
Group _____. Your answer is correct you got
five points.
While,
Group_____. You have ____ points.
c.) I =Php.510; P=Php.5,350; t= 2 1/8 %.
Group _____. Your answer is correct you got
five points.
While,
Group_____. You have ____ points.
d.) I= Php.850; P= Php.8,500; r= 8 ¾ %.
Group _____. Your answer is correct you got
five points.
While,
Group_____. You have ____ points.

(After 5 minutes)
Ok class, we have the winner, Group____
with the total of ________ points while
Group________ have the total of ______
pints.
Give yourself a round of applause for a job Ma’am,
well done. !!
Congratulation. The formula for finding the simple interest is,
I = Prt
4. GENERALIZATION Ma’am,
What is the formula for finding;
a. simple interest ? The formula for finding the principal is,
𝐼
Yes,______. P= 𝑟𝑡
Ma’am,
Very good.
 b. principal amount? The formula for finding the interest rate is,
Yes______. 𝐼
r= 𝑃𝑡

Ma’am,
Very Good,
c. Rate? The formula for finding the time is,
Yes______. 𝐼
t=
𝑃𝑟

Very Good,
d. Time?
Yes______.

Very Good,

5. APPLICATION
Try to solve this in your scratch.

You are tired at the end of the term

and decide to borrow Php5,000.00 to
go on a trip to Whatever Land. You
go to the bank and borrow the
money at 11% for 2 years.

a) Find the interest you will pay on

the loan.
b) How much will you have to pay the I = Php. 1,100.00
bank at the end of the two years?
F = Php. 6,100.00
After 3 minutes.
Ok class,
Your answer in letter a is ______?
Correct!
How about in letter b________?

Very good.

IV. EVALUATION
Since you now have full of knowledge, get your ball pen and answer the problem below.
(Teacher will provide an evaluation sheets)
DIRECTION: Read each question carefully. Show steps, and a final statement for each
question. Write your answer on the space provided before each number.
1. Tameka borrowed Php.300.00 to buy a digital music player. She will pay the money back
in 1 year at 5% simple interest. How much money will Tameka pay in interest?
2. You get a student loan from the New Mexico Educational Assistance Foundation to pay
for your educational expenses this year. Find the interest on the loan if you borrowed
$2,000 at 8% for 2 years.
3. How much would it cost to repay the loan from question number 2?
4. What is Interest?

V. ASSIGNMENT
1. At the beginning of January Alex had Php.800.00 in his savings account. By the end of
January he had made Php.1 .67 in interest. What rate of interest does the account pay?
2. Chantal owes Php.500.00 on her credit card. The card charges 18.9% interest per year. If
two months goes by how much does she owe the credit card company?
 REPUBLIC OF THE PHILIPPINES
ILOILO STATE COLLEGE OF FISHERIES
San Enrique, Iloilo
5036 Philippines
College of Education
Contact No.: (033) 323-2058/
Website: www.iscof.com.ph Email: [email protected]

Evaluation (Answer key)

DIRECTION: Read each question carefully. Show steps, and a final statement for each question. Write
your answer on the space provided before each number.

1. Tameka borrowed Php.300.00 from Luis to buy a digital music player. She will pay the money
back in 1 year at 10% simple interest. How much money will Tameka pay back?

*ANSWER*
(Given: P = Php.300.00; r = 5% or 0.05; t = 1 year.
I = Prt F= P + I
= 300.00 x 0.05 x 1 = 300.00 + 15.00
I = Php.15.00 = Php.315.00
So therefore I conclude that Tameka will pay back Luis the amount of Php.315.00. )

2. You get a student loan from the ISCOF Educational Assistance Foundation to pay for your
educational expenses this year. Find the interest on the loan if you borrowed Php.5,000 at 8%
for 2 years.

*ANSWER*
(Given: P = Php.5,000.00; r =8 % or 0.08; t = 6 months or 2 years.
I = Prt
= 5,000.00 ( 0.08 x 2)
= 5,000 x 0.16
I = Php.800
So therefore I conclude Php.800 is the interest of the loan for 2 years )

3. How much would it cost to repay the loan from question number 2?

*ANSWER*
F= P + I
= 5,000.00 + 800
F = Php.5,800.00
So therefore I conclude that it would cost Php.5,800 to repay the loan for 2 years )

4. A term deposit held for 3 years at 7.6% per year paid Php.100.00 in interest. What principal
was invested?
*ANSWER*
(Given: I= Php.100.00; r =7.6 % or 0.076; t = 3 years.
𝐼
P = 𝑟𝑡
 100
= (0.076)(3)
100
=0.228
P= Php.438.60

So therefore I conclude the amount of money invested is Php. 438.60)

5. What is Interest?

Interest is the amount paid by a borrower to a lender for the use of money over a period.

ASSIGNMENT

1. At the beginning of January Alex had Php.800.00 in his savings account. By the end of
January he had made Php.1 .67 in interest. What rate of interest does the account pay?

*ANSWER*
(Given: I= Php.1.67; P=800.00; t = 1 month or 0.08333 year.
𝐼
r = 𝑃𝑡
1.67
= (800)(0.08333)
1.67
=66.66
r= 0.02505 x 100 %
r = 2.5% )

2. Chantal owes Php.500.00 on her credit card. The card charges 18.9% interest per year. If
two months goes by how much does she owe the credit card company?

*ANSWER*
(Given: P = Php.500.00; r = 18.9% or 0.189; t = 2 months or 0.16667 years)
.
I = Prt F= P + I
= 500.00 x 0.189 x 0.16667 = 500.00 + 15.75
I = Php.15.75 F = Php.515.17