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Lesson Plan math 11

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7 views7 pages

Lesson Plan math 11

Uploaded by

Jaspher Jarabe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Republic of the Philippines

Department of Education
Region XI
Division of Davao del Norte
ALIA NATIONAL HIGH SCHOOL
Mangalcal, Carmen, Davao del Norte

Date: October 21, 2024 Quarter: 2


Time: 9:30 – 10: 30 Week: 5
Subject: General Math Grade: 11
I. Learning Competency: Illustrates Business and Consumer Loans.

LC CODE: M11GM-IIg-3
Specific Objectives:
1. Illustrates business and consumer loans.
2. Distinguishes Between business and consumer loans
II. Content:
- The learner demonstrates understanding of
basic concepts of business and consumer
loans.

- Solving Problems on Business and


Consumer Loans
III. Learning Resources
General Mathematics Teacher’s Guide pages 253-256
CO Q2 General Mathematics Module 11
IV. Procedures
A. Activity
Day 1.

1. Mr. and Mrs. Santos want to borrow money from Bank of Philippine
Islands (BPI) that they intend to use for their golden wedding celebration next
month.
2. Ms. Kc is doing an online selling of Saudi Golds. She wants to increase her
capital for the said activity and she decided to get a loan from Land bank
Philippines (LBP).

3. Jhasmine has a RTW shop. She manages 2 branches in Pampanga. Due to


increasing demand on RTW, she decided to borrow cash from Banco de Oro
(BDO) to put another branch in City of San Fernando, Pampanga.

4. CJ will be celebrating her 18th birthday on June 20, 2021. Her parents want
to give her the best gift ever and they decided to borrow money from ABC
lending institution.

5. Mr. Alfonso wants to purchase a new delivery truck for his small business.
For him to acquire the said truck, he borrowed money from a Private Lending
Company.

Day 2.
Identify whether each of the following is a consumer or business loan.
1. A person borrowed P1,500,000 for the purchase
of a brand new car. The said car will be used by
the owner for his convenience in going to work.

2. Mr. David decided to take his loving wife and


two beautiful daughters for a vacation abroad. To
cover all the necessary expenses, he borrowed
money worth P300,000 from a Private Lending
Institution.

3. Ms. Zamar opened a laundry shop by investing


P100,000 cash. She also purchased machineries
and equipment worth P300,000 and paid P50,000
from her own pocket and she borrowed from a
bank for the remaining balance.

4. Kurt borrowed money from his friend. He


agreed to pay the money on or before March 30,
2021. The said money will be intended for the
expenses of Kurt in his review for board exam.

Address:Mangalcal, Carmen Davao del Norte


Email address: [email protected]
Facebook: Alia Nhs
5. Mr. Galang renovated his house for P80,000.
This was made possible because of an approved
loan worth P75,000.

Day 3.
Solves problems on business and consumer loans
(amortization and mortgage)

Subtasks:

1. Define amortization method, mortgage, chattel mortgage, collateral, and


outstanding balance.
2. Solve problems on business and consumer loans (amortization and mortgage)

B. Abstraction
Day 1 – 2
Definition of Terms
Business Loan – money lent specifically for a business purpose. It
may be used to
start a business or to have a business expansion
Consumer Loan – money lent to an individual for personal or family
purpose Collateral – assets used to secure the loan. It may be
real-estate or other investments
Term of the Loan – time to pay the entire loan

Day 3 – 4
Definition of Terms

Amortization Method – method of paying a loan (principal and interest)


on installment basis, usually of equal amounts at regular intervals.

Mortgage – a loan, secured by a collateral, that the borrower is obliged to pay at


specified terms.

Chattel Mortgage – a mortgage on a movable property

Collateral – assets used to secure the loan. It may be real-estate or other


investments
Address:Mangalcal, Carmen Davao del Norte
Email address: [email protected]
Facebook: Alia Nhs
Outstanding Balance – any remaining debt at a specified time

C. Application:
Day 1 – 2
Identify whether each of the following illustrates a Business
or Consumer loan.

1. Mr. Pineda opened a fitness center. Since he has limited


capital to acquire all other machineries and equipment needed,
he decided to borrow money from Metro bank amounting to
P2,500,000. He also borrowed P1,000,000 from his friends.

2. In 2013, typhoon Yolanda hit the ancestral house of Mr.


Lingad. To restore the said ancestral house, he borrowed money
from Phoenix Lending Inc. worth P1,0000,000 payable within a
three-year period.

3. Ms. Pangan is pursuing her Doctorate degree in


Business Administration to improve her craft in the field of
business and eventually manage their company business. To fund
her studies, she borrowed money from Queenie Lending Inc.

4. Ms. Vonel plans to manage her beauty salon in Lubao,


Pampanga. For her to establish her dream salon, she borrowed
money from Rural Bank of Lubao and agreed with the terms and
conditions of the bank.

5. Ms. Teody borrowed P300,000 for the purchase of kitchen


tools and utensils. The said tools and utensils will be used by the
owner for her growing restaurant.
Day 3 – 4
Solve the following Problems. Show necessary solutions.

1. A loan of P500,000 is to be repaid in full after 3 years. If the interest rate is 10% per
annum. How much should be paid after 3 years?

2. If a car loan of P1,190,000 requires a 20% down payment. How much is the mortgage?

3. Alden borrowed P1,200,000 for the purchase of a car. If his monthly payment is
P30,000 on an 8-year mortgage, find the total amount of interest.

Address:Mangalcal, Carmen Davao del Norte


Email address: [email protected]
Facebook: Alia Nhs
4. A consumer loan worth P100,000 is to be repaid in 12 months at 9% convertible
monthly. How much is the monthly payment?

5. A business loan worth P300,000 is to repaid in quarterly installment for


1 year. How much is the quarterly payment if money is worth 10% converted quarterly?

D. Assessment:
Day 1 – 2
What do you call the sum of money that ought to be paid,
as agreed or required?

1. A business loan of P200,000 is to be repaid in full after 3 years. If the interest rate is
8% per annum. How much should be paid after 3 years?
2. For a purchase of a house and lot worth P3,800,000, the bank requires 20% down
payment, find the mortgaged amount.
3. A car dealer offers a 15% down payment for the purchase a car. How
much is the mortgaged amount if the cash value of the car is
P1,500,000?

4. If a condominium is purchased for P5,700,000 and the bank


requires 30% down payment, how much is the mortgaged
amount?

5. A family obtained a P1,000,000 mortgage. If the monthly payment is


P38,000 for four years, how much is the total interest?
6. Mr. Canlapan obtained a 10-year mortgage for
P4,200,000. If his monthly payment is P39,500, how much
is the total interest?
7. Mr. Ramos is considering to pay his outstanding balance after 3
years of payment. The original amount of the loan is P100,000
payable annually in 5 years. If the interest rate is 10% per annum and
the regular payment is P26,379.75 annually, how much is the
outstanding balance after the 3rd payment?
8. Ms. Louise got a business loan worth P900,000. She promised to pay the loan
semi-annually in 3 years. The semi-annual payment is P183,026.37 if the money is
worth 12% converted semi-annually. How much is the outstanding balance after
the first payment?

Address:Mangalcal, Carmen Davao del Norte


Email address: [email protected]
Facebook: Alia Nhs
Day 2 – 4

Solve the following worded Problems


1 Mr. Morales obtained a 5-year mortgage for
P1,700,000. If his monthly payment is P47,500,
how much is the total interest

1. A consumer loan worth P30,000 is to be repaid


in 12 months at 9% convertible monthly. How
much is the monthly payment?

2. A business loan worth P750,000 is to be repaid


in quarterly installment in 2 years. How much is
the quarterly payment if money is worth 8%
converted quarterly?

3. A business loan of P650,000 is to be settled by


paying P29,994.20 monthly in 2 years. If the
interest rate is 10% converted monthly, how much
is the outstanding balance after 6 payments?

4. Ms. Shane got a P500,000 loan to be repaid


quarterly in 5 years. The interest rate applied is
10% convertible quarterly. The quarterly payment
is solved as P32,073.56. How much is the
outstanding balance after 2 years?

Prepared by: Checked by:

JASPHER D. JARABE JOY V. LUYAON

Address:Mangalcal, Carmen Davao del Norte


Email address: [email protected]
Facebook: Alia Nhs
Teacher I Principal II

Address:Mangalcal, Carmen Davao del Norte


Email address: [email protected]
Facebook: Alia Nhs

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