Our Lady of Lourdes College

5031 Gen. T de Leon, Valenzuela City

DETAILED LESSON PLAN IN

GENERAL MATHEMATICS 11
School Year 2024-2025
Date: October 2024
Grade: 11
Subject: General Mathematics
I. OBJECTIVES
At the end of 1 hour and 45 minutes, the learners are expected to:
a. define simple interests;
b. compute simple interests, maturity value, and present value; and
c. solve problems involving simple interest.

II. SUBJECT MATTER

TOPIC: Simple Interests
REFERENCES: General Mathematics Quarter 2: Module 1
Instructional Materials: Visual Aids

III. LEARNING PROCEDURES

Teacher’s Response Student’s Response

A. Preliminary Activities

Good morning class, Good morning, Ma’am Vargas.

Let us pray first. Ms./Mr. kindly lead the prayer. Selected student will lead the prayer

Before taking your seats, kindly pick up those Students will pick up the litters around them
litters that you see around you and arrange the and will arrange their chairs.
chairs properly.

Who is absent today, Ms. Secretary? The class secretary will tell the names of the
absentees.

Okay, thank you.

 B. Motivation
The teacher will show set of pictures and let
student analyze them.

Okay, I have here set of pictures. Can you

analyze the pictures?
.
Activity: Analyze the Picture

The students will analyze the pictures

1. What can you say about the pictures?

2. What do you think is aunt Mavis role in
that particular situation? Answers of the students may vary.
3. How about Donald?
4. Do you have any idea of what an
investment is? A loan?
 C. Lesson Proper

Before we delve into our main topic, which is

the simple interest. Let us first define the
following terms connected to interest.

Introduction

Before defining what a simple interest is, let us

first find out and define some terms that we will
encounter throughout the discussion.

First, we have the lender or the creditor. Kindly

read.

Lender or creditor Lender or creditor is a person (institution)

- person (institution) who invests the who invests the money or makes the funds
money or makes the funds available. available.

Okay so these are lending institutions that let

people borrow money or someone who invest
the money.

How about borrower or debtor?

Borrower or debtor
- person (institution) who owes the money A borrower or debtor is a person (institution)
or avails of the funds from the lender. who owes the money or avails of the funds
from the lender.

Borrowers or debtors on the other hand, are the

ones who borrow money from the lenders.

Next, origin or loan date.

Kindly read.

Origin or loan date

- date on which money received by the Origin or loan date is a date on which money
borrower. received by the borrower.

So basically this is the date when you borrow

the money.
Next we have the maturity date. So what is
maturity date?

Maturity date
- date on which the money borrowed or Maturity date is the date on which the
 loan is to be completely repaid. money borrowed or loan is to be completely
repaid.
So, this is the time or date where the money you
borrowed should completely repaid.

The next term is time.

Time or term (t)

- amount of time in years the money is Time or term (t) is the amount of time in
borrowed or invested. years the money is borrowed or invested.

Okay, so time or term is the length of time

between origin and maturity date.

Next, we have the Principal.

Principal (P)
- the amount of money borrowed or Principal is the amount of money borrowed
invested on the origin date. or invested on the origin date.

Principal is the amount of money that is

borrowed or invested.

Next term is rate or r.

Who wants to read?
Students will raise their hands
Rate (r)
- An annual rate, usually in percent,
charged by the lender, or rate increase of Rate is the annual rate, usually in percent,
the investment. charged by the lender, or rate increase of the
investment

So when we say rate, it means that it is the

percentage charged or earned on the principal
amount over a specified period.

Interest (I)
- amount paid or earned for the use of Interest is the amount paid or earned for the
money. use of money.

Interest is the cost of borrowing money or the

return on investment earned from savings.

Then, finally we have simple interest.

Simple Interest (Is) is the interest is calculated Simple Interest (Is) is the interest is
on the principal only. calculated on the principal only.
Maturity Value or Future Value (F)
- amount after t years that the lender Maturity value or future value is the amount
receives from the borrower on the after t years that the lender receives from the
maturity date borrower on the maturity date.

Before we proceed, again what is the difference

between lender and the borrower? The lender provides the funds, while the
borrower utilizes them and is responsible for
Precisely, very good explanation. repayment.

Now to solve for the simple interest, we will be

using the following formulas:

I s= Prt

F = P + I s or F= P + Prt or F= P(1 + rt)

Is
P=
rt

Is no . of months
t= t=
Pr 12

Is
r=
Pt

where:
where: I s – simple interest
I s – simple interest P – Principal
P – Principal r – rate of interest or simply rate.
r – rate of interest or simply rate. T – time (in year)
T – time (in year) F – future value (maturity value)
F – future value (maturity value)

Let us now illustrate and compute for the simple

interest.

Example 1:
Complete the table below by finding the
unknown.
Simple Interest:
Principal Rate (r) Time (t) Interest Future
Value
(P + Is)

(a) 2.5% 4 1,500 16,500

36,000 (b) 1.5 4,860 40,860
250,000 0.5% (c) 275 250, 275
500,000 12.5% 10 (d) 1,125,000

So in a, we are going to compute for the

principal. Is
P=
rt
What is the formula to be used?
Given: r = 2.5% or 0.025, t= 4 , and Is=
1,500
In the first row of data, what is our given?

Is
Okay, given the values, who wants to solve for P = Pr
the principal? 1500
P=
(0.025)(4)
P = 15,000

How about letter b? What are we looking for?

Rate ma’am.
And what is the formula to be used?
Is
r=
Pt

Given the values present in the second row, who

can solve for letter b? 4,860
r=
(3,600)(1.5)
r= 0.09 or 9%

Did everyone get the same answer?

Yes ma’am.
Okay, very good, That is correct.

Next, letter c. What is to be computed?

And what is our formula for computing the Time or term

time?
I
t= s
Pr

Who wants to solve for the time?

 275
t=
250,000(0.005)
t= 0.22 years
Okay, solve d in your notebook.

Did you already get the answer?

Okay, solve letter b on the board. Yes ma’am.

Is = Prt
Is = (500,000)(0.125)(10)
Is = 625,000
Did you all understand the computation of Yes ma’am.
simple interest?

Okay, now. What if we will be computing for

each future value?

Principal Rate Time Interest Future Future

(r) (t) Value Value
(P + Is)

(a) 2.5% 4 1,500 16,500

36,000 (b) 1.5 4,860 40,860
250,000 0.5% (c) 275 250, 275
500,000 12.5% 10 (d) 1,125,000

What is the formula in identifying the future

value?
F = P + Is
For the first row, what is the future value?

F = 15,000 + 1,500
Okay, very good. F = 16,500

Next row. What is the future value?

Continue computing for the future value in the 40,860

following row.

What is the F in the next row?

Okay, that is correct. Lastly, what is the future 250,275

value?
1, 125, 000
Okay, is that clear to everyone?

Let’s have another example. Kindly read the Yes ma’am.

problem.

Example 2:
A bank offers 0.25% annual simple interest rate
for a particular deposit. How much interest will
be earned if 1 million pesos is deposited in this A bank offers 0.25% annual simple interest
savings account for 1 year? rate for a particular deposit. How much
interest will be earned if 1 million pesos is
Based from the given problem, what are the deposited in this savings account for 1 year?
given values?
P = 1,000,000
r = 0.0025
What are we computing for? t= 1 year

Simple interest, ma’am.

Exactly, it is already stated there. What is our
formula again?
Is= Prt
Now given the formula and the values, solve for
the interest.
Is = (1,000,000)(0.0025)(1)
Very good. The interest earned is 2,500 pesos. Is = 2,500

Any question?

Now, it’s your turn. Try solving example None ma’am.

number 3.

Example 3:

When invested at an annual interest rate of 7%,

the amount earned 11,200 pesos of simple
interest in two years. How much money was When invested at an annual interest rate of
originally invested? 7%, the amount earned 11,200 pesos of
simple interest in two years. How much
Who wants to try? money was originally invested?

“Ma’am”

Yes? Write your solution on the board. Is

P=
rt
11,200
P=
(0.07)(2)
P= 80,000

The amount invested is 80,000 pesos.

Excellent. Did everyone get the correct answer?

Any question? Clarification?

Yes ma’am

So I hope everyone understood our topic today.

 D. Generalization

Okay now to measure your takeaways from

today’s discussion, I will ask you some
questions.

1. What is simple interest? Simple interest is the interest calculated on

the principal only

2. What is a principal amount? Principal is the amount of money borrowed

or invested on the origin date

3. How can you define origin or loan date The origin or loan date is the date on which
and maturity date? money received by the borrower, while the
maturity date is the date on which the money
borrowed or loan is to be completely repaid

4. What is maturity value? Maturity value is the amount after t years

that the lender receives from the borrower
on the maturity date

Okay, it seems that everyone learned something

today.

E. Application

Group Activity: Brainstorming.

The class will be divided into four groups. Groups may vary.

You will work in a group to solve the problems

to be given by the teacher.

Now, go to your respective groups and start Students will go to their respective groups.
answering the given problems.

Direction: Solve what is being asked.

Problem:
1. Find the maturity value if 1 million Given:
pesos is deposited in a bank at annual P = 1,000,000
simple interest rate of 0,25% after 5 r = 0.0025
 years? t=5

Find F: F = P + Is
Is= Prt
Is = (1,000,000)(0.0025)(5)
Is = 12,500

F = 1,000,000 + 12,500
F = 1,012,500

Therefore, the maturity value after 5 years is

1,012,500 pesos.

2. If an entrepreneur applies for a loan Given:

amounting to 500,000 pesos in a bank, P= 500,000
the simple interest of which is 157,500 Is= 157,00
pesos for 3 years, what interest rate is t = 3 years
being charged?
Find r:
I
r= s
Pt
157,000
r=
(500,000)(3)
r = 0.105 or 10.5%

Therefore, the bank charged an annual

simple interest rate of 10.5%.
3. Find the present value of 86,000 pesos at
8% simple interest for 3 years? Given:
F = 86,000
r = 8% or 0.08
t = 3 years

Find P F= P(1 + rt)

F
P=
1+ rt
86,000
P=
1+(0.08)(3)
P = 69,354.84 pesos.

The amount invested is 69,354.84 pesos.

IV. Evaluation
Get one-half crosswise and answer the
following.

Direction: Choose the correct letter that

corresponds to the exact answer.
1. A person (institution) who avails the
1. A person (institution) who avails the money money of the funds from the lender.
of the funds from the lender. A. Borrower
A. Borrower B. Creditor
B. Creditor C. Interest
C. Interest D. Principal
D. Principal
2. The amount paid or earned for the use of
2. The amount paid or earned for the use of money.
money. A. Borrower
A. Borrower B. Creditor
B. Creditor C. Interest
C. Interest D. Principal
D. Principal
3. The length of time between the origin and
3. The length of time between the origin and maturity date.
maturity date. A. Compound interest
A. Compound interest B. Maturity Value
B. Maturity Value C. Time
C. Time D. Present value
D. Present value
4.The amount of money borrowed or
4.The amount of money borrowed or invested invested on the origin date.
on the origin date. A. Principal
A. Principal B. Present Value
B. Present Value C. Rate
C. Rate D. Time
D. Time

5.Given P= 30,000, r= 0.05, and time = 3 years. 5.Given P= 30,000, r= 0.05, and time = 3
What is the Simple Interest? years. What is the Simple Interest?
A. 6,500 A. 6,500
B. 4,500 B. 4,500
C. 3,000 C. 3,000
D. 8,500 D. 8,500
V. Assignment

Direction: Solve the following,

1. How much interest is charged when Given:

50,000 pesos is borrowed for 9 months P = 50,000
at an annual simple interest rate of 10%? r = 10% or 0.10
t = 9 months t = 9/12 = 0.75 year,

Find Is:

Is = Prt
Is= (50,000)(0.10)(0.75)
Is = 3,750
 The simple interest charged is 3,750 pesos.

2. How long will a principal earn an Given:

interest equal to half of it at 5% simple P
interest? r= 5% or 0.05
Is= 1/2P

Is
t=
Pr
0.5 P 0.5 P 0.5
t= = =
P (0.05) 0.05 P 0.05

t = 10 years.

That would be all for today.

Goodbye class. See you again next meeting.
Goodbye and thank you, ma’am Vargas.

Prepared by:
Kim Nicole Vargas