Republic of the Philippines
Region III
Division of Bulacan
PARTIDA NATIONAL HIGH SCHOOL
Partida, San Miguel, Bulacan
Detailed Lesson Plan in General Mathematics
I. OBJECTIVES
A. Understand the Profit associated with principal, interest rate, and maturity value
B. Derive the formula of Simple Interest into Exact and Ordinary Interest and Exact and
Approximate time
C. Solve the Principal, Interest , Rate and Time
II. SUBJECT MATTER
Topic: Simple Interest
Reference: General Mathematics Learner’s Material First Edition
Material: Teacher-made visuals, laptop, chalkboard, and chalk
Strategy: Cooperative Learning and Exploratory
Values Integration: Cooperation and Competitiveness
III. PROCEDURE
Teacher’s Activity Student’s Activity
A. Preliminary Activities
1. Prayer
May I request everyone to please stand and let us thank (Everyone will stand up)
God with a simple prayer.
2. Greetings
“Good Morning, Class” “Good Morning, Sir”
Before you sit down, kindly pick up those litters around (The students will pick up litters
you, and arrange your chairs properly. under their chairs and sit
properly)
3. Checking of Attendance
Class Secretary, is there any absentee for today?
Class Secretary:
That’s Great! You have a complete attendance for today. “There is no absent for today,
sir.”
B. Developmental Activities
1. Review
Before we move on to our next lesson, let us first have a
recap of the lesson that we had yesterday. Now, let us
define the following terms below:
Lender or Creditor Student 1: person (or
institution) who invests the
money or makes the funds
Borrower or Debtor available
Student 2: person (or
institution) who owes the
money or avails of the funds
Origin or Loan date from the lender
Student 3: date on which
Time or Term of the loan money is received by the
borrower
Student 4: date on which the
Principal money borrowed or loan is to be
completely repaid
Student 5: amount of money
Rate borrowed or invested on the
origin date
Student 6: annual rate, usually
Interest in percent, charged by the
lender, or rate of increase of the
investment
Final Amount or Maturity Value
Student 7: amount paid or
earned for the use of money
Student 8: amount after t years
“Alright very good!” that the lender receives from the
borrower on the maturity date
C. Motivation
As part of your motivation, I will show you images,
and then tell me how it will grow.
What is the image all about? Student:
“Sir, it is all about seed”
Precisely! Thank you.
How it will grow? Student:
What else? “Sir, we need to plant the seed,
water it, and expose it to
sunlight”.
Very Good!
(Ask one student to read) Student:
In order for seed to grow, we
need to add soil, water and
sunlight, then in the long run,
the seed becomes plant.
Thank you!
D. Lesson Proper
Simple Interest
What do think will be our topic for today base on our Student:
motivation? “Sir, about interest”
Now, aside from our figure, where do you think we can use Student:
the word grow? “Sir, we can use it in business”
Excellent!
Can you give an example of business that will profit or Student:
gain? “Sir, selling and buying of
products”.
Very good!
What else? Student:
“Renting or leasing of structure,
equipment and facilities”
Student:
“Sir, Lending business”.
So the business may come in different forms as selling and
buying of properties and or services.
Now in business, we always have the primary objective of
making a profit or gain from that different activities. (Students will answer)
Student:
So when we say profit, what comes in your “Sir, refers to earnings”.
Mind? Student:
“Sir, profit is referring to
money”.
Very Good!
The interest is the profit made by a sum of money
(Principal) that is invested at an agreed interest rate for a
given period of time.
So we write the formula of Interest in this form:
I=Prt
The product of the principal, rate and time is equals to
Interest.
Where I is the symbol used to denote the Simple
Interest.
P – is the symbol used to denote the principal
r – is the annual interest rate used in the transaction and is
expressed in decimal form
t – is the time in years representing the period when the
transaction is in effect.
So we can use this form in deriving the formula in Simple
Interest.
Using this simple diagram we can easily memorize the
formula.
When we need to find the Interest simply use the formula
I = Prt
When we look for Principal , we use the formula
I
P=
rt
When we look for rate , we can use this formula
I
r=
Pt
When we look for time, we can use this formula
I
t=
Pr
When we add the principal and the interest we called it
Maturity Values and we write it in form of S = P+ I
We use the symbol S to denote the Maturity value.
Using the formula
S=P+I (where I = Prt)
S=P+Prt (then by factoring)
S=P(1+rt)
Example 1
Find the simple interest and the maturity value of a loan of
P5,000 for 9 months at 12% annually.
Step 1: Identify the given
P = 5,000
r = 12% or 0.12
take note the rate should always be converted into decimal
form
9
t = 9 months or or 0.75 ( since 12 months is the
12
equivalent for 1 year then we simply divide the 9 months to
12 to get the decimal form)
I=?
S=?
Step 2: Select the formula to be use
I = Prt
S= P + I
Step 3: Substitute the given to the formula
I =( 5,000 ) ( 0.12 ) ( 0.75 )
Step 4: Perform the indicated operation
I = 450
Then for us to get the maturity value, we simply add the
principal amount to the interest.
S= P + I
S= 5,000 + 450
S= 5,450
Did you get it class?
Students:
“Yes, sir”
For our 2nd example , try this in front,
Anyone can answer….
Example 2:
How long will P1,000,000 earn a simple interest of
P100,000 at 1 % per annum? (Student will answer it on the
board)
Step 1: Identify the given
P = 1,000,000
r = 1% or 0.01
t=?
I = 100,000
Step 2: Select the formula to
be use
I
t=
Pr
Step 3: Substitute the given to
the formula
100,000
t=
(1,000,000)(0.01)
Step 4: Perform the indicated
operation
100,000
t=
( 1,000,000 ) ( 0.01 )
t=10
10 years
Example 3: (Student will answer it on the
board)
At what simple interest rate per annum will P20,000
accumulate to P25,000 in 3 years? Step 1: Identify the given
P = 20,000
r=?
t = 3 years
I = 25,000 – 20,000
I = 5,000
Step 2: Select the formula to
be use
I
r=
Pt
Step 3: Substitute the given to
the formula
5,000
r=
(20,000)(3)
Step 4: Perform the indicated
operation
5,000
r=
(20,000)(3)
r =0.08333
8.33%
E. Application
I will divide the class into four groups. Each group will be
given an envelope with a problem inside related to what we
have discussed earlier.
Group 1 Answer:
Group Activity Rubrics I = Prt
I = 25,000 x 0.08 x 90/360
I = 500
S=P+I
S = 25,000 + 500
S = 25,500
Group 1: Find the ordinary interest and amount.
Given: Group 2 Answer:
P = 25,000 I=Prt
t = 90 days I = 25,080 – 23,200
r = 8% I = 1880
1880
r=
(23,200)(0.5)
Group 2: A loan for 23,200 was repaid with P 25,080 r = 0.16206 or 16.21%
after 6 months, what rate was used?
16.21%
Group 3 Answer:
P = 50,000
r = 4%
t=?
I = 10,000
10,000
t=
(50,000)(0.04)
Group 3: How long will an amount of P50,000 gain a t=5
simple interest of P10,000 at 4% per annum?
5 years
F. Generalization
Ask students to answer the following questions:
1. What is the formula for simple interest Student 1:
The formula for finding
the simple interest is, I =
Prt, Sir.
2. How about finding the principal amount? Student 2:
The formula for finding
I
the simple interest is, ¿ , Sir.
rt
3. How about finding the rate?
Student 3:
The formula for finding the
I
simple interest is, ¿ , Sir.
Pt
4. How about finding the time?
Student 4:
The formula for finding the
I
simple interest is, ¿ , Sir.
Pr
5. Have you ever experienced or encountered using simple
interest? Cite an example. Student 5:
(The student will answer based
on his/her experienced)
IV. EVALUATION
Solve the following problems intelligently.
Alright your answers are all correct, kindly prepare 1 whole sheet of yellow paper and solve the
following problems.
1. How long will P30,000 earn an interest of P4590 at 12%
2. How long will it take for P 5000 to earn P250 if it is invested at 10%
V. ASSIGNMENT
How much should you invest at simple interest of 7.5 % in order to have P300,000 in 2
years?
Prepared by:
ALLAN A. YUTOC
TEACHER II
