BESTLINK COLLEGE OF THE PHILIPPINES

762 Topaz cor. Sapphire St. Millionaires Village, San Agustin, Novaliches, Quezon City

VISION MISSION
TEACHER: Troyo, Mark N. BCP Senior High School BCP Senior High School is
graduates’ who are equipped with focused on student
STRAND HEAD: Mr. Vincent Carlo T. the knowledge, skills and attitude learning and personal
Garados necessary in their post-secondary accountability, dedicated
education and as member of the to fostering a respectful,
SUBJECT: General Mathematics workforce. committed, and
collaborative
GRADE/SECTION: Grade 11 1101HW environment to
Grade 11 1103P/ 1101P/ 1102P/ maximize student
1101TEM/ 1101HO/ 1101CF/ 1103CF/ learning.
LEARNING PLAN
I. OBJECTIVES 1. illustrates simple and compound interests.
B C P
2. distinguishes between simple and compound interests. computes
VISION interest, maturity value, future value, and present value in simple
Bestlink interest and compound interest environment.
College of the 3. solves problems involving simple and compound interests
Philippines is
committed to
provide and II. SUBJECT MATTER
promote modern
SIMPLE INTEREST
and research- TOPIC:
based
Textbooks and LMS
curriculum with REFERENCES:
delivery systems
White Board, White Board Marker, General Mathematics
geared towards MATERIALS: Textbook, Visual Aids
Excellence.
VALUE: Appreciation of using mathematical concepts in real-world
problems.
MISSION
To provide self- III. PROCEDURE TEACHER’S ACTIVITIES STUDENTS’ ACTIVITIES
motivated and
self directed A. Preliminary
individuals who Activities
aim for academic 1. Routine Greetings Student’s Greetings
excellence , God- Prayer Student’s Prayer
fearing , peaceful, Checking of attendance
healthy, Classroom Policy
productive, and
successful
citizens.

2. Review The teacher will ask the students

ATTENDANCE how was the quarter exams. He
will remind the students about
M- the grading system.

F- 50% - face to face class (Activities,

Assignments, Quizzes and
T= Participation and Projects.

30%- Long Quiz or Monthly Exam Students listen to their

EVALUATION and Quarterly Exam. Teacher.
RESULT
20%- LMS or Online activities
HPS HSO such as AAE, Evaluation,
Assignments and Online Exams

% of
passing
 3. Motivation The teacher will ask students
about how interest works in real-
life situations like banking, loans,
and investments. This will help
students understand the
relevance and application of the
lesson.
Ask students about their
understanding of interest and its
real-life applications.

4. Presentatio • illustrates simple and

n of compound interests.
objectives • distinguishes between
simple and compound interests.
computes interest, maturity
value, future value, and present
value in simple interest and
compound interest environment.
• solves problems involving
simple and compound interests

B. Lesson Proper Definition of Terms

Lender or Creditor- a person (or

Institution) – who invests the
money or makes the funds
available
Borrower or Debtor - a person
(or institution) – who owes them
money or avails of the fund from
the lender
Origin or Loan Date – date on
which the borrower receives
money
Repayment date or Maturity
Date – date on which the money
borrowed or loan is to be repaid
entirely
Time or Term (t) – the amount of
time in years the money is
borrowed or invested; length of
the time between the origin and
maturity
Principal (P) – the amount of
money borrowed or invested in
the original date
Rate (r) = annual rate, usually in
percent, charged by the lender, or
rate of increase of the investment
Interest (I) – the amount paid or
earned for the use of money
Simple Interest (Is) – interest that
is computed on the principal and
then added to it
Compound Interest (Ic) –
interest is computed on the
principal and also on the
accumulated past interests
 Maturity value or Future value
(A) -amount after n year; that the
lender receives the borrower on
the maturity.

Simple Interest

I = Prt

A = P + Prt

I = Interest
t = term of loan, in years
P = Principal amount
A = total amount borrowed
r = annual interest rate

Simple Interest paid is equal to

the percentage of the principal
amount that was borrowed or
lent.

Compound Interest

A = P(1 + r/k)Nk

A = balance in the account

after N years
P = principal amount
r = rate of interest earned in a
year
k = no. of compounding
interest periods in one year
If the compounding is
done annually, k = 1
If the compounding is
done semiannually, k = 2
If the compounding is
done quarterly, k = 3

If the compounding is done

monthly, k = 12

If the compounding is done

daily, k = 365

C. Application Example 1: Students will answer the

given activity.
A friend asks to borrow $500 and
agrees to repay it in 6 months
with 5% interest. How much
interest will you earn? How much
will your friend pay you?

Solution:
I = Prt =(500)(0.05)(1/2)
= 12.5

A = P + Prt = 500 + 12.5 =

512.5
 The interest is $12.5, and your
friend will pay you $512.5.

Example 2
A certificate of deposit (CD) is a
savings instrument that many
banks offer. It usually gives a
higher interest rate, but you
cannot access your investment
for a specified length of time. For
example, suppose you deposit
$5000 in a CD paying 8% interest,
compounded monthly. How much
will you have in the account after
ten years?

Solution:

P = 5000, r = 0.07, k = 12, N = 10

A = 5000 (1 + 0.07/12) 10(12)

= 5000 (1 + 0.07/12) 120

= 10048.31
You will have $10048.31 after
ten years.

IV. EVALUATION 1. A student obtains a simple- Students will answer the

interest loan to pay one year of evaluation on a ¼ sheet
college tuition, which costs of paper.
$20,000. The annual interest
rate on loans is 7%. The student
repays the loan over three years.

Solution:
I = Prt = 20000
(0.07)(3) = 4200

A = P + Prt = 20000 +
4200 = 24200

The student needs to repay an

interest of $4200 for a loan of
three years. In addition, he
needs to pay $24200 of college
tuition.

2. You will need $50,000 for

your child’s education in 18
years. If your account earns 6%
compounded quarterly, how
much would you need to deposit
now to reach your goal?

Solution:

A = 50000, r = 0.06, k = 12, N =

18

50000 = P (1 + 0.06/12)18(12)
 50000 = P (1.005)216

P = 50000/(1.005)216

P = 17025.53
You will need $17025.53 for
your child’s education in 18
years.

V. ASSIGNMENT Simple and Compound Interest Students will answer

their offsite activities.
Suppose a man will buy an
appliance in a store worth
$4000. Store A offers a 5%
interest rate for two years, while
Store B offers a 2% interest rate
for one year compounded
monthly. Which store shall the
man buy to save?

Solution:
Store A
I = Prt = 4000 (0.05)(2) =
400
A = P + Prt = 4000 + 400
= $4400

Store B
A = P(1 + r/k)Nk = 4000 (1
+ 0.02/12)1(12) = $4080.74
The man should buy to Store
B and will save $319.26
compare to Store A.
SENIOR HIGH SCHOOL DEPARTMENT