Demo Math LP

Republic of the Philippines
Department of Education
Region VI- Western Visayas
Parish School of St. Isidore
Lesson Plan in Mathematics
I. OBJECTIVES:
At the end of the lesson, the pupils will be able to:
a. Define simple interest.
b. Performs the operation of simple interest.
c. To solve real life problems involving simple interest
II. SUBJECT MATTER:

a. TOPIC: Simple Interest
b. REFERENCE: Soaring 21st Century Mathematics pp. 207-211
c. MATERIALS: Laptop, projector and Flash Cards
III. PROCEDURE:
A. Management of Learning (MOL)
a. Prayer
b. Putting class into order
c. Checking of attendance
B. Motivation
Teacher’s Activity Student’s Activity
Good Morning Class! Good Morning Ma’am!

Let us pray First. (One pupil will lead the Prayer)
Before we start with our discussion do

you want to play a game? “Yes, Ma’am!”
“Ok that’s good,

Here is the mechanics of the game: (pupils will listen as they teacher read
The class will be divided into two (2). All the mechanics of the game)
you must do is to guess what is the
correct answer of the given in the flash
card.
Each group must have a representative.
“Yes, Ma’am we are ready!”
You only have 30 seconds to guess the
(pupils will choose their
correct answerthe first group who can
representatives)
get 3 points will be the winner.
“So, class are you ready?”
pupils will guess the answer
“Let’s start the game.”
(The teacher will show the flash cards in
front of the students)
pupils will clap their hands to
“So, class we have a winner, Claps your group_______....
hands to Group ___.” “Thank you, Ma’am.”
Congratulations Class you did your best.
For further information about our topic

for today, I have here a video clip for
you to watch. Pupils will watch, listen and answer the
So, settle down and observe the video questions after….
clip.
Teacher will play the video clip.
After 5 minutes, teacher will ask pupils
about the video clip.
(Follow up Questions about the video)
In relation to our lesson, this morning
we are going to discuss about Simple
interest. So, pupils are you ready?
Yes, Ma’am we are ready.
C. Lesson Proper
When we deposit money in a bank, we receive some interest for allowing the
bank to use our money. Similarly, when we borrow money from the bank, we have to
pay a certain interest for using its money.
The amount of money borrowed or the capital is called principal(P) and the
addition money paid for the privilege of using the principal is called interest (I).
The interest is usually calculated at a fixed yearly rate called rate per annum.
Sometimes interest rates are calculated on half-yearly or quarterly, monthly or even
daily. The amount of interest depends on the length of time the money is deposited or
borrowed.
If the interest is always calculated on the original principal, it is called simple
interest. When the interest is added to the principal the sum is called the amount (A)
Let us study the formula below.
Simple interest (I)= PxRxT
Amount = P+I
Example 1. A man borrows 3,500 for 2 years at a rate of 5% per annum. How much simple
interest does he need to pay at the end of 2 years?
Solution: The principal (P) is 3,500

5 3,500
The interest on 3,500 for 1 year is x = 175
100 1
Interest on 3,500 for 2 years = 175 x 2 = 350
By using the formula, we have

3,500 x 5 x 2
I= P x R x T= = 35,000÷100= 350
100
Therefore, the interest is 350.
Amount = P+I
= 3,500+350= 3,850
Therefor he will pay a total amount of 3,850 at the end of 2 years.
Example 2: To save money, for new appliances, Ronald invested 25,000 at 8% per annum
simple interest. How long will it take the money to reach the target amount of
34,000?
Solution: Simple Interest = 34,000 – 25,000 = 9,000
8
I=9,000 R=8%= P= 25,000
100
I= P x R x T
25,000 x 8 xT
9,000=
100
T=(9,000x100) ÷(25,000x8)
=900,000 ÷ 200,000
1
= 4.5 or 4 years
2
1
Therefore, it will take him 4 years to reach the required amount.
2
Example 3: Tony wanted to borrow some money to renovate his house. He was told that he
could borrow a sum of money for 54months at 8% simple interest per year end
and pay 25,000 in interest charges. How much money could he borrow?
54
Solution: T= = 4.5 years
12
I= P x R x T
Px 8 x 4.5
25,000=
100
=(25,000x100) ÷ (8x4.5)
=2,500,000÷36
= 69,444.44
Therefore, he can borrow about 69,000.
1
Example 4: To buy a new air-conditioning unit, Robert borrowed 25,000 for 2 years and paid
2
3,550 simple interest for the loan. What rate of interest did he pay?
Solution: I= P x R x T
25,000 x R x 2.5
3,550=
100
R= (3,550 x 100) ÷ (25,000 x 2.5)
R= 355,000÷ 62,500
R= 5.68%
Therefor, he paid 5.68% simple interest per year.
D. Application
Teacher’s Activity Student’s Activity

“Are there any questions?” “Yes/No Ma’am”.
…. Pupil’s answer may vary…
“to test your ability in solving a simple
interest, you are going to fill in the box
with the correct answer to find the amount
of simple interest.
1. 2,500 at 5% per year for two years.

I= 2,500 x x
100
= (2,500x ) ÷
“pupils will raise their hands as the
=
teacher call their name and they will
2. 570 at 0.5% per month for 2.5
solve it on the board.”
years.
I= 570 x x
=( x )÷
=
Okay, will done pupils.

No Ma’am
Are there any questions?
Okay, prepare your activity notebook in

mathematics and answer the following
problems.
IV. EVALUATION
Directions: Read and Solve each of the following problems. 5points each
1. A finance company charges 550 simple interest on a certain amount of a money which
is borrowed for 5 months. Given that the rate is 12% per annum, find the amount of
money borrowed from the company.
2. A bank charges 2.25% per month simple interest on housing loans. If Anthony
borrows 64,000 for a period of 2 years 3months, find the total interest he has to pay.
3. Andrew borrowed money from Ronald in the amount of 6,000 payable in 7months. At
the end of this period, Andrew had to pay Ronald an interest of 120. What is was the
rate of simple interest per annum.
V. ASSIGNMENT
Find the total amount after the given period of time.
1. 2,470 at 4% per year for 36 months
2. 45,000 at 12% per year for 2 ½ years
3. 30,000 at 8% per year for 10 months
4. 35,000 at 15% per year for 3.25 years
5. 1,890 at 5% per year for 6 months.
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Demo Math LP

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Demo Math LP

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Republic of the Philippines

Lesson Plan in Mathematics

II. SUBJECT MATTER:

Good Morning Class! Good Morning Ma’am!

Before we start with our discussion do

“Ok that’s good,

Congratulations Class you did your best.

For further information about our topic

Solution: The principal (P) is 3,500

By using the formula, we have

Teacher’s Activity Student’s Activity

1. 2,500 at 5% per year for two years.

Okay, will done pupils.

Okay, prepare your activity notebook in

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