Lesson Plan IZZA 2

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Lesson Plan in General Mathematics

I. Objectives
1. Define simple interest.
2. Compute simple interest, maturity value, and present value.
3. Solve real life problems involving simple interest.
II. Subject Matter: Illustrating Simple Interest
MELCs: Computes interest, maturity value, future value, and present value in simple
interest and compound interest.
Code: M11GM-lla-b-1
III. Procedure
A. Awareness: What are some ways to take care of hard-earned money?
B. Activity:
1. A bank offers 1.5% annual interest rate for a particular deposit. How much
interest will be earned if 1 million pesos is deposited in this savings account
for 1 year?
2. When invested at an annual interest rate of 7%, the amount earned ₱11,200.00
of simple interest in 2.5 years. How much money was originally invested?
3. Ricky borrowed ₱25,000.00 and paid ₱1,250.00 interest for 6 months. What
was the rate of interest?
C. Analysis: What is simple interest? What are the three components involved in
calculating the simple interest? How can we calculate simple interest? How can
we formulate the formula of finding the principal, rate and time?
D. Abstraction: What is simple interest? How did you derive the formula to get the
other quantities?
E. Application
Complete the table below by solving the unknown quantities in each row.
Principal (P) Rate (r) Time (t) Simple Future Value
Interest (Is) (F)
1. ₱500,000.00 12.5% 10 years
2. 2.5% 4 years ₱1,500.00
3. ₱36,000.00 1 year and 6 ₱4,860.00
months
4. ₱250,000.00 0.5% ₱1,400.00
5. ₱10,000.00 4% 5 months

IV. Evaluation
1. What are the amounts of interest and maturity value of a loan for ₱25,000 at
12% simple interest for 5 years?
a. Is = 14,500 c. Is = 15,000
F = 40,000 F = 40,000
b. Is = 16,000 d. Is = 16,500
F = 40,600 F = 40,000
2. At what simple interest rate per annum will ₱1 become ₱2 in 2 years?
a. 25% b. 30% c. 45% d. 50%
3. How long will an amount of ₱50,000 gain a simple interest of ₱10,000 at 4%
per annum?
a. 3 years b. 5 years c. 8 years d. 10 years
4. How much should you invest if the simple rate is 7% in order to have
₱300,000 in 2 years?
a. 260,869.57 c. 258,568.50
b. 265,689.45 d. 270,567.12
5. At what simple interest rate per annum will ₱20,000 accumulate to ₱25,000 in
3 years?
a. 2.5% b. 3.55% c. 4.5% d. 8.33%
V. Assignment
Formulate 3 real life problems involving simple interest. Write the problems and its
complete solutions in a ½ crosswise.

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