MARY THE QUEEN COLLEGE, PAMPANGA.

INC
JASA, San Matias, Guagua Pampanga
INSTITUTE OF PROFESSIONAL EDUCATION

A DETAILED LESSON PLAN IN GENERAL MATHEMATICS

I. Objectives
At the end of the 60-minute discussion about Simple interest, the Grade 11 GAS- Proverbs
students will be able to do the following with an 85% level of success.

a. Define simple interest

b. Compute interest, maturity value, and present value in a simple interest environment.
c. Solve problems involving simple interest.

II. Subject Matter

Topic: Simple Interest

References: Business Mathematics
Authors: Bacani, J.B and Soriano, J.M
Materials: PowerPoint Presentation

III. Procedure

Teacher Activity Student Activity

a. Prayer

Good afternoon, class! Good afternoon, ma’am!

I would like to ask everyone to seek the

Lord's guidance before we start our session.

Let's bow down and feel the Lord's presence. ( Students bowed their heads and prayed)

I give this prayer in the name of the Father,

the Son, and the Holy Spirit. Amen (Praying) (Praying)
All students ( Amen )
Amen.

b. Greetings

Again a pleasant afternoon class! Good afternoon, ma’am!

How are you feeling today?

Are you happy? Tired, ma’am!
Tired? Sleepy, ma’am!
Excited? Happy, ma’am!
Or feeling sleepy? Excited, ma’am!

Oh, I see. Most of you are all tired, happy,

and sleepy.

Let's check your attendance before we get

started so that you will be motivated and have
the energy to participate in the discussion
later on.

Are there any absentees? None ma’am!

Okay, that’s great!

Before anything else pick up the pieces of ( Students will pick up the pieces of paper or
paper or trash you see around you. trash)

Okay, class, you may now settle down.

Before we begin let me share with you our
classroom hand signal rules.

First, kindly raise your hands like this if you

want to answer. ( Teacher demonstrates how)

Secondly, if you want to go to the restroom

you may raise your fist like this.

Lastly, you should keep your lips sealed if

you saw me raising my hands in this manner.

Am I being clear? Yes, ma’am!

c. Motivation

Okay, now class do you want to play?

Yes, ma’am!
Are you familiar with the reality game who
wants to be a millionaire?
Yes, ma’am!
So we will be playing it today with a twist. As
you all know, the prize for "who wants to be a
millionaire" is money, but since I, your
teacher, don't have that large amount of
money (kidding aside), I will just give you
points that you can add to your scores in your
activity later.

The rules are very simple, so to be fair, I want

you to write your answers on any kind of
paper instead of raising your hands to answer
so that everyone will have the opportunity to
earn points. Is that clear?
Yes, ma’am!
After each question flashes, you will check
your answers. No cheating, by all means,
okay? Yes, ma’am!

So are you ready?

Yes, ma’am!

For the first question who wants to read it in

class? Student A (raised hand)

1. Known for its famous tagline, "We

 find ways." Student A (reads the first question to the
A. BDO class)
B. BPI
C. LAND BANK
D. UNION BANK

Okay, thank you. Student A.

(The teacher repeated reading the question.)

So, class, what do you think is the answer?

(Class murmuring)
Is everyone done answering?
Yes, ma’am.
So let’s see if your answers are correct.

The correct answer is A. BDO is known for

its famous tagline, "We find ways."

So who got the correct answer?

(Students raised their hands)
Wow, a lot of you got it!

So, does anyone in your class have a bank

account or savings account? Student B I have, ma’am.
Student C me too, ma’am.
Wow, that's great!
Learn how to save money so you can
purchase the things you want or make
investments for the future.

Let’s move on to the next question

So for 1 point.

2. What does the bank abbreviation BPI

stand for?
A. Bank of the Philippine Islands
B. Bank of the Philippine Islas
C. Bangko Sentral ng Pilipinas
D. Bank of Philippine Islands
Which bank do you think is from the given
choices?

Are you done answering?

Yes, ma’am!
What’s your answer class?
A, ma’am!
D, ma’am!
Okay, let’s see if your answers are correct

The correct answer is A. Bank of the

Philippine Islands

Did you get it class?

(Students nodding) Yes, ma’am!

Next question for 2 points, kindly read it,

class. (All students read)

3. A bank that is part of the Agricultural

Land Reform Code in the Philippines.
A. Banco de Oro
B. Bank of the Philippine Islands
C. Land Bank of the Philippines
D. Development Bank of the Philippines

(Teacher re-read the question again)

So what do you think is the answer here?

(The students started answering)
Okay, are you done answering?
Let’s see if your answers are correct. Yes, ma’am!

So the correct answer is Land Bank of the

Philippines and class did you know that Land ( Students nodding)
Bank focuses on the needs of the farmers and
fishermen?

We are now on the next-to-last question,

which is worth one point.

4. A place where individuals and

businesses can invest, borrow, and
convert their money into foreign
currency.
 A. Automated Teller Machine
B. Bank
C. Credit Card
D. Loan Companies

(Students start answering)

Okay, are you all done?

Let’s see if your answers are correct. Yes, ma’am!

So the correct answer is B. Bank

Who among you got the correct answer?

Very good!
(Students raise their hands)
We are now down to the final question.

For 2 points

What does BOF stand for?

A. Bank Overdraft
B. Bank of Finland
C. Metro Bank
D. Bank of Florida

(Students answering)
Okay, I think you are done answering.
So let’s see if your answers are correct.
The correct answer is Bank of Florida

So class, since it's only 6 points, compute

your scores and then add 4.
( Students start adding their scores)
Since everyone took part, nobody will receive
zero points.

So who got perfect?

9? 8? 7? 6? 5?

(Students raising their hands)

Kindly pass your papers sideways and
forward.
Settle down, class. (Passing the papers)
So did you enjoy our game?

Yes, ma’am!
d. Lesson Proper

Okay, class, keep your eyes on me and pay

close attention to what I say because teacher
gets jealous if you look somewhere else.
(giggling)
As you may have noticed, the game that we
played is related to our topic for today, which
is simple interest.

Are you ready to listen?

Yes, ma’am.
What do we mean by interest?

It is set as a percentage rate of the borrowed

amount over a certain time.

Simple Interest- this is a quick and easy

method of calculating the interest charge on a
loan.

The value of the interest depends on factors

such as the interest rate, the principal, and the
time or term of the investment or loan.

(P) What do we mean by "principal"? In

mathematics, the principal means the amount
you borrow or deposit.

(R) Interest rate is the amount a lender

charges for the use of assets expressed as a
percentage of the principal.

(T) Term/Time is the unit of time for which

the principal is loaned or the length of time
the principal is borrowed.

How can we solve the simple interest?

The formula for solving simple interest.

I =Prt (Principal)(Rate)(Term/Time)
Next, we have the Maturity value wherein it’s
the sum of the principal and the interest that
accumulates over the agreed term.

The formula for solving maturity value.

A= P(1+rt) or A= P+I

Lastly, we have present value it is the amount

needed now to accumulate A in time t. The
process of determining the present value P of
any amount due in the future is called
discounting.

The formula for the present value A=

P/(1+r)^t

Did you get it class?

Yes, ma’am!
Again, the formula for simple interest is
I =Prt

Maturity value A= P(1+rt) or A= P+I

And lastly, present value

A= P/(1+r)^t

Now let’s take a look at these examples.

Let’s solve for the simple interest.

1. A 2-year loan of 30,000 is made with

4% simple interest. Find the interest
earned.

How will we solve this?

Always take a moment to identify the values

given in the problem. Here we are given:

 Time is 2 years: t=2

  The initial amount is 30,000: P=
30,000
 The rate is 4%. Write this as a
decimal: r =0.04

Now apply the formula:

I =Prt = 30,000(0.04)(2) =

Multiply 30,000 and 0.04 to get 1200

1200 x 2

Multiply 1200 x 2 to get the interest

What is the answer class?

Yes, very good!

The interest earned is 2,400. (computing)

2,400 ma’am!
How did we get it? By multiplying the
principal, the rate, and the time.

Did you get it class?

Yes, ma’am!
Let’s try solving for the future value— or also
known as maturity value using the same
problem.

Using the formula: A=P(1+RT)

A= 30,000 (1+ (0.04 x 2))

Multiply 0.04 and 2 to get 0.08

30,000 (1+ 0.08)

Add 1 and 0.08 to get 1.08

30,000 x 1.08

Multiply 30,000 and 1.08 to get 32, 400

=32,400
Or just add the principal and the interest.

Did you understand class?

Yes, ma’am!
Now let’s try solving for the present value.

Here’s another example.

2. Mr. Xander wants 50,000 after three

years. The interest rate available on a
specific investment, which he is
interested in, is 4% per annum. How
much he should invest today to
receive the desired amount?

Formula A= P/(1+R)T

The given are:

 Future Value =50,000

 Interest = 4% per annum
 Period/Time = 3 years

= 50,000/ 1+ (0.04)(3)

Multiply 1 + (0.04)(3)

We will get 1.12 then divide

50,000/1.12 we will get what?

Very good 44,642.86

Mr. Xander should invest 44,642.86 amount

today to get the desired amount in 3 years.

Did you get it class?

Yes, ma’am.
Let’s have another example.

3. John invests 10,000 in an account that

yields 8% simple interest annually.
How much money will John have in
his account after five years?
Again, always identify the values given in the
problem.

The given are:

P= 10,000

R= 8 % (0.08)

T= 5

= 10,000 (0.08) (5) =4,000

For the maturity value let’s use the same

problem.

A=P (1+RT)

A= 10,000 (1+ (0.08 x 5))

First, multiply 0.08 and 5 to get 0.4

10,000 (1+0.4)

Add 1 and O.4 to get 1.4

10,000 x 1.4

Multiply 10,000 and 1.4 to get 14,000

Or Just add the principal and the computed

interest.

A= (10,000+4,000) = 14,000

Did you get it class?

Okay, that’s great!

Yes, ma’am

e. Application
 f. Generalization

Before we end our meeting, I want you to

answer the following regarding the topic we
tackle, and after you have answered, I will
call out two students to read their answers. Yes, ma’am!
Am I making myself clear?

1. Today I learned that_______

2. 1 thing that I enjoyed in the
session________
3. I realized that________

I’ll give you 3 minutes to answer.

Are you done class?

Yes, ma’am!
Okay, so where is student D?

Would you mind sharing what you have

learned, enjoyed, and realized during our
discussion?
(Student D answering)
Wow, it looks like you really enjoyed our
discussion and have learned a lot. Thank you,
student D.

Let’s call another 1; let’s have student F.

What have you learned?

Okay, very good. Thank you, student F.

 (Student F answering)
IV. Evaluation

For your evaluation, answer the following:

5 points each.

Problem 1

You have just won 1 Million in the

lottery. This new lottery, however, will
pay out the award 60 years from today.
What is the present value of your
award based on a 16 % interest rate?

Problem 2

You are promised 800,000 in 10 years’

time. What is its Present Value at an
interest rate of 6%?

Problem 3

Mr. Nadeem owes a total of 350, 000

which includes 12% interest for the three
years he borrowed the money. How
much did he originally borrow?

I’ll give you 30 minutes to answer.

V. Assignment

For your assignment.