A DETAILED LESSON PLAN IN GENERAL MATHEMATICS 11

by: Dhevy P. Liban

I. OBJECTIVES
At the end of the lesson the students will be able to:
A. Illustrate and distinguish simple and compound interest.
B. Make the best decision in handling certain problem involving money resources.
C. Solves problem involving simple and compound interest.
II. SUBJECT MATTER
A. Topic: Simple and Compound Interest
B. References: Teachers Guide pp159-175
C. Instructional Materials: laptop, manila paper, and chalkboard
D. Values to be develop: Teamwork and Participation
III. PROCEDURE
Teacher’s Activity Student’s Activity
A. PRELIMINARY ACTIVITY
1. Prayer
Class, let’s all stand for the opening prayer - Lord we want to thank you for bringing us
(The teacher will assign a student to lead a prayer.) together as a class to start the lessons of
the day, we want to ask you to lead us as
we start this day, thank you for protecting
us, as we start be with us and bless us
together until we finish the class for we
pray believing in Jesus name. Amen!
You may now take your seat.

* Checking of attendance.
Is there any absent for today's class? - No one ma’am.
Very good!
2. Greetings
Good morning class! Welcome to this new episode
of learning General Mathematics. I am Teacher
Dhevy, your facilitator and best buddy in learning
wonderful Math ideas, concepts and applications.
If you have any queries or suggestions just raise
your hand for you to be recognized.
3. Motivation
Class I will group you into 3. Group 1 will be column 1,
group 2 will be column 2, and group 3 will be column 3.
Each group is supposedly receiving Php1, 000,000.
Brainstorm with your group and tell me what will you
do with Php1, 000,000.

I will give you 2 minutes to do this activity.

Are you ready class?
- Yes ma’am!
(The teacher monitors the class.)
Okay, let’s start from group 1. What will you do with
your 1,000,000 pesos? - We will use it as a capital in starting a
business ma’am.

Okay, how about group 2?

- We will invest it in a bank ma’am.
And how about the group 3? - We will buy house and lot ma’am

Alright! Most of you wanted their money to yield and

gain a profit. It depends on you on how you are going to
manage it.

I hope by the end - TIME

of this session
that you
will have a better - RATE

idea of about this

*Unlocking of Difficulties - INTEREST
Let’s try to unlock words through Pix Mystery Word.

- PRINCIPAL

- FUTURE VALUE

4. Presentation
Based on your previous activity, what do you think
is our topic today class? - Ma’am it’s all about interest.
Okay! Today we are going to discuss the two types
of Interest, the Simple and Compound Interest.
Now let us start our discussion. But before that let
us read our objective first. Read the objectives A. Illustrate and distinguish between simple and
class. compound interest
B. Make the best decision in handling certain
problem involving money resources.
C. Solves problem involving simple and
compound interest.
B. ANALYSIS
Now, what comes into your mind when you hear
the word Interest? - An interest is amount of money that is
charged for the use of money for a certain
period of time?
Who of you here has kept or deposited money in the
bank? - Varied answers

How will you earn money from the bank? - By paying us the interest.

Do you know why bank pays interest? - It pays for allowing it to lend your money
to others to improve their business.

Alright! By contrast, borrowing money from banks

or lending institutions requires payment of interest.

To further understand the concept of simple interest

and compound interest let’s have an activity.

I will divide you into two groups to illustrate simple

and compound interest by completing a table.

You will be given 5 minutes to do the activity.

After which assign one of your member to present
your output.

Here is the formula for simple interest for you to

solve the problem:
I s=¿ Principal × interest rate × time in years

(Group 1 output)
For Group 1, they will illustrate the simple interest.

Aaliyah borrowed Php 40,000 at 6% simple

interest. How much must she pay after 3 years?

For Group 2, the compound interest.

(Group 2 output)
Problem 1: Aaliyah borrowed Php 40,000 at 6%
interest for a year of 1 period, how much must she
pay?
Problem 2: If Aaliyah did not pay back the loan and
the interest by the end of the first year and she
wanted to continue the loan for another year at the
same rate, then he would owe Php 40,000 plus
interest incurred during the first year of loan. How
much must she pay at the end of the second year?
Problem 3: At the end of the second year, Aaliyah
was not able to pay his loan and the interest again.
The lender gave him another year under the same
condition, how much he pay at the end of third
year?
Guide questions:
How did you find the activity?

What have you notice on their maturity value?

- It was fun and interesting ma’am.

Very good!
- The amount of maturity value in
How about their interest added to the principal
compound interest is greater than the
amount?
amount of maturity value in simple interest
ma’am.

- Simple interest remains constants

Excellent! If you were the debtor or borrower which throughout the loan term while in
will you choose and why? compound interest; the interest from the
previous year also earns interest. Thus, the
interest grows every year.
Alright! Now let’s distinguish a simple and
compound interest. - I will choose the bank that offers simple
interest ma’am, because the amount of
Simple interest is denoted by I s and a fixed amount payment is lesser.
(percentage) of the loan amount paid over a certain
time.

Again what is the formula for simple interest?

Compound interest is denoted by I c and it is - Formula:

calculated on the initial principal and also on the I s=¿ Principal × interest rate × time in years
accumulated interest of previous periods of a
deposit or loan. Can be thought as “interest on
interest”.

Formula:
Future/Maturity Value:
F=P(1+r )t

Where,
P = principal or present value
F = Future/Maturity Value at the end of the term
r = interest rate
t = term/time in years

Since the formula for its future value is already

given, therefore how are you going to find its
compound interest?
- I c =¿ Future Value – Principal
C. ABSTRACTION
Now let’s summarize what you have just learned
through a Venn Diagram.

Given a statement on colored paper, paste it on Venn

Diagram.

- Has fixed rate

- It earns greater interest
- The interest is fixed throughout the investment
term.
- Interest on interest
- Interest paid on the principal only

- We learned that as students we should

So, what have you learned from our topic today that you always save money. And through interest,
can apply to your everyday life as a student? we are able to earn more money.

Excellent! Saving money for future use is one of the best

decisions you make in life.
D. APPLICATION
To determine if you really understand our topic let’s
have a game called “Who Wants to be a
Millionaire”

Here are the mechanics of the activity:

A. The class will be divided into 2 groups.
B. Each group must have a representative to play the
game.
C. The contestant must answer 6 multiple-choice
questions correctly in a row to win the jackpot. The
contestant may quit at any time and keep their earnings.
For each question, they are shown the question and four
possible answers in advance before deciding whether to
play on or not.
D. The group having the highest earnings will be
declared as the winner.
- Yes ma’am
Are you ready class?

IV. EVALUATION
Direction: Get a pair and solve the problem in a ½ crosswise. Show your complete
solution.
Suppose you received ₱20,000 as birthday gift and you plan to invest it for 3 years. A
cooperative group offers 2% simple interest rate per year. A bank offers 2%
compounded annually which will you choose and why?
V. ASSIGNMENT
Directions:
1. You will be divided into 3 groups
2. Assign a leader, interviewer, encoder, and presenter.
3. Present your output through a PowerPoint presentation.
4. You will be given 5 days to accomplish this.

Situation:

Suppose you don’t have money to purchase an item. You decide to acquire the said
item through a loan which is offered in your local cooperatives and banks. Conduct a
survey of the existing cooperatives, banks, and other lending companies in your
locality to help you decide on where to apply for a loan.