School Parañaque Science High School Grade Level 11

GRADE Teachers Group 1 Learning Area Business Math

11 Yang, Stiffler Yanic J.
DAILY Adriano, Kobi Andrei G.
LESSON PLAN Armedilla, Nathan Roi
Altar, Christine Joy
Mijares, Jose
Patrimonio, John Reid
Mamangon, John Michael
Pineda, Gian Nicole V.
Heradez, Isabella Kim
Teaching Dates Week 1 - Day 1 Quarter Second
and Time Nov. 14, 2022
MENDEL (8:00am-9:00am)

I. Objectives
A. Content Standards The learner demonstrates understanding of...
1. key concepts of simple and compound interests, and simple and general annuities.

B. Performance The learner is able to...

Standards 1. investigate, analyze and solve problems involving simple and compound interests and
simple and general annuities using appropriate business and financial instruments.

C. Learning a. illustrates simple and compound interests.

Competencies b. computes interest, maturity value, future value, and present value in simple
interest and compound interest environments.
c. solves problems involving simple and compound interests.
(M11GM-IIa-1, M11GM-IIa-b-1, M11GM-IIb-2)

D. Specific Learning At the end of this module, the learner should be able to;
Objectives 1. Illustrate simple interests;
2. Perform computations involving simple interest;

II. Content
III. Learning Resources
A. References
1. Teacher’s Guide SHS-Core_General-Math-CG
2. Learner’s Materials Module 1 Week 1: Quarter 2
pages
3. Textbook Pages
B. Other Learning Google Classroom, Desktop, Search Engine
Resources
IV. Procedures
A. Introducing and For F2F Class:
Presenting the New Energizer
Lesson/ Gauging the “I Have 2 Hands Karate” Dance
background knowledge - Presenters will be teaching simple steps for the other students to copy and when
done, all will be performing it with the I have two hands song.
Establishing and Defining Key Terms
Three elements:
● Principal - refers to the amount of money extended for credit or the amount of
money deposited in a bank for safekeeping.
● Interest rate - refers to the charged amount for using the money over a certain
period. It is commonly expressed in percent but is converted to decimal.
● Time - refers to the period covered from the time that the money (principal) is
borrowed until its due date. The due date of the payment of the principal is known
as the maturity date.
● Maturity Date - the due date of the payment of the principal
● Maturity Value - refers to the sum of the principal and interest. It is the future value
of the principal amount
 ● Simple interest - refers to an interest that is computed on the original principal
during the whole period or time of borrowing

B. Establishing a
purpose for the lesson Lesson 1: Simple Interest

Simple interest refers to an interest that is computed on the original principal during the
whole period or time of borrowing
The formula for computing simple interest is 𝐼 = 𝑃𝑟𝑡 where
● I = interest
● P = principal
● r = interest rate
● t = time

However, the formulas for computing maturity value are as follows:

● 𝑀=𝐼+𝑃
● 𝑀 = 𝑃(1 + 𝑟𝑡)

Lesson 2: Solving Problems Involving Simple Interest

This triangle will help you on how to solve for the principal, rate, time, or interest. You
simply cover the variable representing what is needed, and the remaining variables give you
a clue to form the formula needed to solve for the unknown.

Steps on solving problems involving simple interest:

1. Determine the given variables
2. Write the formula
3. Adjust formula according to the required output
4. Substitute given values into the formula
5. Simplify
C. Presenting examples/
Example 1:
instances of the new
lesson
Simple Interest
1. On April 1, 2017, Angela borrowed ₱200,000 for additional working capital from
Prime Lending at 2% interest payable in 3 years. Find the simple interest.

Solution:
Simple interest is computed as the product of principal, rate, and time.

I = Prt
I = 200,000 (0.02)(3)
I = 12 000

If looking for maturity value:

M=P+I

where M is the maturity value, P is the principal, and I is the interest.

 Therefore, in the previous example, the maturity value would be:

M=P+I
M = 200,000 + 12,000
M = 212,000

Angela must pay ₱212,000 after three years.

2. Russel borrowed ₱16,500 which is payable after 3 years and 6 months with a simple
interest of 8%. Determine the amount or maturity value of the loan.
Solution:
Step 1: Interest is usually stated as an annual or yearly rate. Thus, you need to convert the
time to the number of years in fraction or decimal form.

3 years and 6 months = 3 6/12 years

3 years and 6 months = 3 1/2 years
3 years and 6 months = 3.5 years

Step 2: Find the maturity value.

M=P(1+rt)
M=16,500[1+(0.08)(3.5)]
M=16,500(1+0.28)
M=16,500(1.28)
M=21,120

Therefore, Russel needs to repay the bank ₱21,120 in 3 years and 6 months.

D. Discussing new Simple Interest Formula

concepts and practicing - I = Prt
new skills #1 - where I is the interest, P is the principal, r is the interest rate, and t is the time.
- This formula will help students to compute for the interest that is computed on the
original principal during the whole period or time of borrowing
Maturity Value Formula
- M=P+I
- where M is the maturity value, P is the principal, and I is the interest.
- This formula will help students to compute for the sum of the principal and interest.
E. Discussing new Triangle of Simple Interest
concepts and practicing
new skills #2

- The formula for simple interest is I = Prt. This triangle illustrates the formula in a way
that will help students learn how to change the formula when looking for other
variables. Students can simply cover the variable representing what is needed, and
 the remaining variables give you a clue to form the formula needed to solve for the
unknown.

F. Developing Mastery Let’s Apply A.

A. Direction: Solve for the simple interest.

A.
P = ₱200,000
r = 9%
t = 6 years
I= ₱ 108,000
B.
P = ₱670,000
r = 5%
t = 4 years
I= ₱ 134,000
C.
P = ₱36,000
r = 12%
t = 8.5 years
I= 36, 720
D.
P = ₱340,000
r = 2.4%
t = 5 years
I= ₱ 40,800
E.
P = ₱275,000
r = 3.2%
t = 6 years
I= ₱ 52,800
F.
P = ₱800,000
r = 2.5%
t = 10 years
I= ₱ 200,000
G.
P = ₱1,400,000
r = 3.75%
t = 4 years
I= ₱ 210,000
H.
P = ₱6,200,000
r = 1.75%
t = 3 years
I= ₱ 325,500
I.
P = ₱12,000,000
r = 0.5%
t = 4 years 3 months
I= ₱ 255,000
J.
P = ₱975,400
r = 2.1%
t = 1 year 4 month
I= ₱ 27,242.92
 Let’s Evaluate A.
Direction: Find the unknown principal P, rate r, and time t and interest I by
completing the table.

Principal (P) r (rate) t (time) I (interest)

2,000 5% 3 a. 300

b. 33,333.33 12% 5 20,000

88,000 c. 2.27% 4 8,000

500,000 9.5% d. 6 285,000

1,000,000 0.5% 12 e. 600,000

G. Finding practical
applications of concepts As you go on about life, it is inevitable that you would encounter various situations where
and skills in daily living you would either take or receive loans. In those loans, it is unavoidable that the inclusion of
interest would affect the overall amount of the said loan, and it is the participants’
responsibility to understand which types of interest apply to these financial transactions.

The knowledge of identifying and solving for simple and compound interest is advantageous
to the learner in business and financial transactions between two or more parties. A simple
example would be having a loan business which involves applying different kinds of interests
to the financial currencies you lend out. Knowledge on how to calculate for these interests in
that situation enables the business owner to secure his business transactions and verify
them. We may use this knowledge about the types of interest and solving interest in finding
out how much interest is added to initial amounts of money depending on the different
factors like initial amount, period, rate, time, and so on.

H. Making The teacher asks the class to cite a real-life example or any scenarios where the concept of
generalizations and simple and compound interest are visible and applicable and explain their answers. The
abstractions about the teacher elicits responses and shares more examples
lesson

I. Evaluating Learning Module 1 Week 1 - Let’s Apply

- A-J
Module 1 Week 1 - Let’s Evaluate
- A only

J. Additional Activities
for application of
remediation
V. Remarks
VI. Reflection
A. No. of learners
who earned 80%
on the formative
assessment
B. No. of learners
who require
additional
activities for
remediation
 C. Did the
remedial lessons
work? No. of
learners who
have caught up
with the lesson.
D. No. of learners
who continue to
require
remediation.
E. Which of my
teaching
strategies worked
well? Why did
these work?
F. What
difficulties did I
encounter which
my principal or
supervisor can
help me solve?
G. What
innovation or
localized
materials did I
use/ discover
which I wish to
share with other
teachers?
VII. Annotation

Prepared by:
Group 1 - Mendel, LPT
Paranaque Science High School