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DLL - Genmath - Finding Interest Rate and Time in Compound Interest

The document is a daily lesson log for a Grade 11 general mathematics class. It details the objectives, content, procedures, and activities for lessons on compound interest and annuities over five sessions from September 17-21, 2018. The lessons cover computing interest rates compounded more than once a year, differentiating nominal, effective, and equivalent rates, and solving various problems involving time and interest rates for compound interest. Formative assessments include individual seatwork to solve equivalent rate and interest problems.
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© © All Rights Reserved
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0% found this document useful (0 votes)
374 views

DLL - Genmath - Finding Interest Rate and Time in Compound Interest

The document is a daily lesson log for a Grade 11 general mathematics class. It details the objectives, content, procedures, and activities for lessons on compound interest and annuities over five sessions from September 17-21, 2018. The lessons cover computing interest rates compounded more than once a year, differentiating nominal, effective, and equivalent rates, and solving various problems involving time and interest rates for compound interest. Formative assessments include individual seatwork to solve equivalent rate and interest problems.
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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daAnnex 1B to DepEd Order No. 42, s.

2016

GRADES 1 to 12 School Barahan NHS Grade Level 11


DAILY LESSON LOG
Teacher Gerson T. Acosta Sr. Learning Area General Mathematics

Teaching Dates and Time September 17 – 21, 2018 Quarter SECOND (FIRST SEMESTER)

SESSION 1 (9/17) SESSION 2 (9/18) SESSION 3 (9/19) SESSION 4 (9/20) SESSION 5 (9/21)
I. OBJECTIVES
A. Content Standards The learner demonstrates understanding of key concepts of simple and compound interest, simple and general annuities.
B. Performance Standards The learner is able to investigate, analyze and solve problems involving simple and compound interests, and simple and general annuities using appropriate
business and financial instruments.
C. Learning Competencies/ The leaner is able to solve The leaner is able to solve
Objectives involving rate of interest and involving rate of interest and
time in compound interest. time in compound interest.
MllGM-II-a-b-1 and b-2 MllGM-II-a-b-1 and b-2

Objectives: Objectives: NAT REVIEW AND DRY


1. Compute rate of 1. Differentiate RUN
interest when nominal rate and
compounded more effective rate;
than once a year; 2. Convert oan interest
2. Find time when rate into equivalent
compounded more interest rate
than once a year.
Finding Interest Rate and Finding Interest Rate and
II. CONTENT
Time in Compound Interest Time in Compound Interest
III. LEARNING RESOURCES
A. References
1. Teacher’s Guide 188 – 198 192 – 198
2. Learner’s Materials
3. Textbook
4. Additional Materials
from Learning
Resource (LR) portal
B. Other Learning Resources
IV. PROCEDURES
A. Reviewing previous lesson Recall the formula how to Let the learners recall the
or presenting the new find maturity and present how to find nominal rate and
lesson value when compounded time in compounding more
more than once a year. than once a year.
B. Establishing a purpose for Ask your students to research Ask the learners” Is it
the lesson on the prevailing interest possible to earn same amount
rates in the various types of of money with different
deposit accounts in several interest rate and frequency of
banks. A sample output of conversion period?
the research may be similar
to the data in the table (to be Post a situation wherein an
posted on the board) investor is given two options
to invest. Let the learners
analyze the problem then ask
them if they were the
investor, which would they
choose?
C. Presenting Tell the students that Give the definition of terms
examples/instances of the of the following:
investors are interested to
new lesson  Nominal rate
find out how much time is  Effective rate
needed to accumulate a  Equivalent rate
desired amount in investing a
Let the learners differentiate
certain principal. the three types of rate.
Post illustrative examples
how to find rate of interest
and time.

EXAMPLE 1. How long


will it take P3,000 to
accumulate to P3,500 in a
bank savings account at
0.25% compounded
monthly?

D. Discussing new concepts and EXAMPLE 2. How long


practicing new skills #1
will it take P 1,000 to earn
P300 if the interest is 12% Guide the students how to
compounded semi-annually? compute effective rate.

E. Discussing new concepts and EXAMPLE 3. At what Present illustrative examples


practicing new skills #2 interest rate compounded of equivalent rate.
quarterly will money double
itself in 10 years?

F. Developing mastery Seatwork:


(Leads to Formative
SEATWORK:
Assessment Ask the students to solve the
equivalent rates of the
Solve the following following:
problems.
1. 12% compounded
1. What is the nominal monthly to
rate of interest if compounded
P4,000 accumulates annually
2. 8% compounded
to P10,000 in 8 years
semi – annually to
with interest compounded
quarterly
compounded
quarterly?
= 0.116191927 or
11.62%

2. At what nominal rate


compounded semi-
annually will R5000
amount to R6000 in2
years?
Answer: j = 0.093270279 or
9.33%
3. What rate
compounded
annually will double
an amount of money
in 3 years?
Answer: j = 0.25992105 or
26%
4. In how many years
will it take R18,000
accumulate to
R20,000 when
deposited in a
savings account that
earns 0.250%
compounded
monthly? Answer:
506 periods, so 42
years and 2 months

5. How long will a


principal double
when invested at
10% compounded
semi-annually?
Answer: 15 periods, so 7
years and 6 months

G. Finding practical applications of


concepts and skills in daily living
H. Making generalizations and Ask the following:
abstractions about the lesson  What is the
Post the formula to find similarity and
nominal rate and time. difference between
effective rate and
equivalent rate?
I. Evaluating learning Solve the following Ask the learners to answer
problems on compound the following:
interests 2% compounded annually to
1. At what nominal compounded annually
rate compounded Ans: 0.005006
quarterly will
R24,000 0.5% compounded semi-
accumulate to annually to compounded
P30,000 in 4 years? semi-annually
Ans: 0.06045
Answer: 1.404% interest
rate for each conversion
6% compounded quarterly
period, 5.62% nominal rate
to compounded quarterly
2. How much time is Ans: 0.019852
needed for money
to triple if invested
at 9% compounded
semi-annually?
More problems will be
given to the learners in
print.

J. Additional activities for


application or remediation
I. REMARKS
II. REFLECTION
A. No. of learners who earned
80% in the evaluation
B. No. of learners who require
additional activities for
remediation
C. Did the remedial lessons
work? No. of learners who
have caught up in 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
used/discover which I wish
to share with other
teachers?

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