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