Scribd
Upload
107 views3 pages

Lesson Plan

This document outlines a lesson plan to teach students about discount and simple interest. The lesson will introduce key terms and formulas, provide examples for calculating discount prices and simple interest, and have students practice applying the concepts through worksheets and analyzing real-life scenarios in groups. The goal is for students to understand how to calculate discount and simple interest and recognize how these financial concepts are relevant in everyday situations.

Uploaded by

Peter Dioso
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
107 views3 pages

Lesson Plan

This document outlines a lesson plan to teach students about discount and simple interest. The lesson will introduce key terms and formulas, provide examples for calculating discount prices and simple interest, and have students practice applying the concepts through worksheets and analyzing real-life scenarios in groups. The goal is for students to understand how to calculate discount and simple interest and recognize how these financial concepts are relevant in everyday situations.

Uploaded by

Peter Dioso
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
You are on page 1/ 3

Title: Understanding Discount and Simple Interest

Objective:

By the end of the lesson, students will be able to:

1. Define and differentiate between discount and simple interest.

2. Calculate the amount of discount and simple interest.

3. Apply the concepts of discount and simple interest in real-life scenarios.

Materials:

- Whiteboard and markers

- Calculators

- Discount and simple interest worksheets

- Real-life scenarios worksheets

- Sample items for demonstration purposes

- Chart paper

Lesson Overview:

I. Introduction (5 minutes)

A. Greet students and review previous lesson on percentages.

B. Ask students if they have ever received a discount or paid interest on a loan. Elicit their
experiences.

II. Understanding Discount (15 minutes)

A. Define discount as a reduction in the cost of an item or service.

B. Explain that discounts are usually represented as a percentage off the original price.

C. Give examples of common types of discounts (e.g., 10% off, buy one get one free).

D. Introduce the formula for calculating the discounted price: Discounted Price = Original Price -
(Discount Percentage / 100) * Original Price.
E. Solve sample problems on the whiteboard to demonstrate the calculation of discounted price.

F. Distribute discount worksheets and allow students to work independently or in pairs. Review the
answers together.

III. Understanding Simple Interest (15 minutes)

A. Define simple interest as the amount of money paid or earned on an initial investment or loan,
based on an interest rate and time period.

B. Introduce the formula for calculating simple interest: Simple Interest = Principal x Rate x Time.

C. Discuss the different terms used in the formula (principal, rate, time) and give examples.

D. Demonstrate sample problems on the whiteboard, calculating simple interest for different
scenarios.

E. Distribute simple interest worksheets and allow students to work independently or in pairs.
Review the answers together.

IV. Application of Discount and Simple Interest (15 minutes)

A. Provide real-life scenarios where students can apply the concepts of discount and simple
interest.

B. Divide students into small groups and distribute real-life scenarios worksheets.

C. In groups, students analyze the scenarios, identify if there is a discount or simple interest
involved, and calculate the amounts.

D. Each group presents their findings to the class and explains their calculations.

V. Summarization and Closure (5 minutes)

A. Review the key concepts of discount and simple interest.

B. Ask students to reflect on how these concepts are relevant in their daily lives.

C. Encourage students to ask any remaining questions or share their thoughts on the lesson.

D. Provide a brief summary of the topics covered and highlight the importance of understanding
discount and simple interest in financial decision-making.

Assessment:
- Completion of discount and simple interest worksheets

- Accuracy of calculations in real-life scenario presentations

- Classroom participation and engagement throughout the lesson

You might also like