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Gen Math

The document outlines a lesson plan on basic business mathematics covering simple and compound interests. It includes content and performance standards, learning competencies, objectives, time allotment, materials, and procedures. The 3-hour lesson involves defining simple and compound interest, explaining the concepts through examples and a video, having students practice problems, and evaluating their understanding with a test involving calculating simple and compound interest amounts in various scenarios.

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Jaycher Bagnol
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259 views5 pages

Gen Math

The document outlines a lesson plan on basic business mathematics covering simple and compound interests. It includes content and performance standards, learning competencies, objectives, time allotment, materials, and procedures. The 3-hour lesson involves defining simple and compound interest, explaining the concepts through examples and a video, having students practice problems, and evaluating their understanding with a test involving calculating simple and compound interest amounts in various scenarios.

Uploaded by

Jaycher Bagnol
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SENIOR HIGH SCHOOL CORE SUBJECTS

UNIT TWO – General Mathematics


TOPIC / LESSON NAME Basic Business Mathematics
CONTENT STANDARDS key concepts of simple and compound interests, and simple and general annuities.
PERFORMANCE STANDARDS investigate, analyze and solve problems involving simple and compound interests and
simple and general annuities using appropriate business and financial instruments.
LEARNING COMPETENCIES illustrates simple and compound interests.
distinguishes between simple and compound interests.
computes interest, maturity value, future value, and present value in simple interest and
compound interest environment.
solves problems involving simple and compound interests.
SPECIFIC LEARNING OBJECTIVES The learner differentiates simple and compound interests.
The learner solves problems involving simple and compound interests.
TIME ALLOTMENT 3 sessions (3 hours)
PREPARED BY: MR. JAYCHER D. BAGNOL

LESSON OUTLINE
During the lesson, the learners will:
1. Introduction: Define simple and compound interest.
2. Motivation: Ask your students insights and knowledge about interest.
3. Instruction / Delivery: Participate and cooperate in an interactive teaching and learning process by giving-and-
taking questions and related examples and word problems.
4. Practice: watch a video and a seatwork to measure their understanding about the topic.
5. Enrichment: Conclusion on simple and compound interests.
6. Evaluation: Solving word problems about simple and compound interests.
MATERIALS Books, Powerpoint Presentation
RESOURCES Books:
V.V. Alexandrov and Yu.G. Reshetnyak (1989). Mathematics and its
Applications.Kluwer Academic Publisher
PDF:
Math Intervention
Video:
Ted Talk: Saving for Tomorrow, Tomorrow
Website: https://revisionsmath.com/gcse-maths/ratio-proportion-and-rates-change/simple
-and-compound-interest
PROCEDURE – Lesson 1
INTRODUCTION:
1. Present the learning objectives to the class. Have the students to write the learning targets on their notebooks.
I can define simple and compound interest.
I can differentiate simple and compound interest.
I can solve problems involving simple and compound interest.
2. Ask the students to use Venn diagram to differentiate simple and compound interest.
MOTIVATION:
The teacher will:
1. Ask the students to share their insights about interest.
INSTRUCTION / DELIVERY:
1. Ask the student define simple and compound interest.
2. The teacher will present the definition of simple and compound interest using the PDF.
3. The teacher will present the formula for both simple and compound interest.
a. I=Prt simple interest
t
b. A=P(1+r) compound interest

(I-Interest, P-Principal, r-Annual Interest Rate and t-time in years.)


4. The teacher will give some examples of simple and compound interest.
5. The teacher will ask the students to try to solve problems on their scratch papers. And then present it in front by explaining the
process of getting the answer.
6. Based on the activity, students can now differentiate simple and compound interest.
PRACTICE:
1. Explain the activity. Ask the students to have five members each group.
2. The teacher will word problems and let each group to determine whether each example is simple or compound interest.
3. Let each group justify and explain their answers to the class.
ENRICHMENT:
1. Tell the students the essence or importance of the concept of simple and compound interest in our everyday living.
2. Instruct the students to research about the basic concepts of stocks and bonds.
EVALUATION:
Paper and pencil test: ½ sheet of paper:
Day 1
I. Find the simple interest earned

1. Principal: $135 3. Principal: $575


Annual rate: 4.3% Annual rate: 2.6%
Time: 30 months Time: 3.3 years

2. Principal: $1200 4. Principal: $850


Annual rate: 1.9% Annual rate: 5.1%
Time: 5 years Time: 54 months

II. Find the simple interest paid.

1. Principal: $350 3. Principal: $2575


Annual rate: 4% Annual rate: 8.2%
Time: 3 years Time: 10 years

2. Principal: $345 4. Principal: $600


Annual rate: 5.5% Annual rate: 6.2%
Time: 42 months Time: 8 years

Day 2
I. Fill in the missing information to find the compound interest.
1. Principal: $600, Annual rate: 4%, Time: 3 yea
The initial principal P is ________.
The interest rate written as a decimal is ________.
The principal for year 2 is ________.
The principal for year 3 is ________.
2. Principal: $285 3. Principal: $1200
Annual rate: 1.9% Annual rate: 8.7%
Time: 6 years Time: 2 years

Day 3

Solving Word Problems

Write the rate as a decimal. Then find the amount of simple or compound interest. Explain your answer.

1. Anna deposited $460 into a savings account that pays 3.2% simple
annual interest. In 5 years, how much interest did Anna earn?
_________________________________________________________________________________
_________________________________________________________________________________
_________________________________________________________________________________
2. Michael borrowed $375 for a new bicycle. He will pay the money
back in 18 months with simple interest of 5.7%. How much interest
will Michael pay back?
_________________________________________________________________________________
_________________________________________________________________________________
_________________________________________________________________________________
3. Tameka borrowed $300 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?
_________________________________________________________________________________
_________________________________________________________________________________
_________________________________________________________________________________

4. Julio deposits $345 in an account that earns 3.1% interest


compounded annually. How much money is in the account
after 4 years?
_________________________________________________________________________________
_________________________________________________________________________________
_________________________________________________________________________________
5. Kim deposits $650 in an account that earns 4% interest
compounded annually. How much money is in the account
after 2 years?
_________________________________________________________________________________
_________________________________________________________________________________
_________________________________________________________________________________
6. Solve the problem using the compound interest formula. Jong
deposits $500 in an account that earns 2.5% interest compounded
annually and keeps the money in the account for 3 years. Monty
deposits $500 in an account that earns 5.1% interest compounded
annually and keeps the money in the account for 2 years. Who has
more money when he closes his account? Explain your reasoning.
_________________________________________________________________________________
_________________________________________________________________________________
_________________________________________________________________________________

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