GRADE 12 School SAN RAFAEL HIGH SCHOOL Grade Level 11

DAILY Teacher MARIBEL R. INTERINO Learning Area General mathematics

LESSON LOG Teaching Dates and Time November 7-11, 2022/ Quarter 2

Tuesday Wednesday Thursday Friday

I. OBJECTIVES The learner demonstrates
A. Content Standard
B. Performance Standard The learner demonstrates

C. LearningCompetency/ Illustrate simple and compound interests (M11GM- Distinguishes between simple and compound interests
Objectives IIa-1); (M11GM-IIa-2);
(Write the LC code for each)
II. CONTENT Simple and Compound Interests

III. LEARNING RESOURCES Power Point Presentation/ Visual Aids

A. References
1. Teacher’s Guide Pages SHS Most Essential Learning Competencies p.552
2. Learner’s Materials Pages
3. Textbook Pages
4. Additional Materials from
Learning Resource
B. Other learning Resource www.google.com
www.youtube.com
IV. PROCEDURES .
A. Routinely Activities  Classroom Management
 Prayers
 Greetings
 Checking of Attendance
B. Motivation Playing Games
“Pinoy Henyo” with the word:
Money, Business, Bank, “Bombay”
C. Establishing a purpose for the Presentation of the lesson objectives by raising
lesson the following questions
1. What is interest?
2. How do we compute interest?
3. What are the types of Interest?
D. Presenting examples/instances of Before we proceed to the discussion proper, let
the new lesson us
Rate (r) – annual rate, usually in percent,
charged by the lender, or rate of increase of the
investment.
Principal (P) – amount of borrowed or invested
on the origin date.
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 (F) – amount
after t years that the lender receives from the
borrower on the maturity date.
Interest is the price that someone pays for the
temporary use of someone else’s funds. To
repay a loan, a borrower has to pay interest, as
well as the principal, the amount originally
borrowed. Interest is the compensation that
someone receives for temporary giving up the
ability to spend money. Interest is the amount
paid or earned after borrowing or lending
money within a certain period of time. The
amount of interest depends on the percentage.
According to Merriam-Webster Dictionary,
interest is (1) a charge borrowed money
generally a percentage of the amount borrowed,
(2) the profit in goods or money that is made on
invested capital, and (3) an excess above what
is due or expected. The important part of the
word “Interest” is Inter, meaning between (we
see inter in words like interior and interval),
because the interest happens between the start
and end of the loan.
2 Types of Interest:
1. Simple Interest
2. Compound Interest

Try to think about this.

Suppose you have ₱20,000.00 and you plan to

invest it for 10 years. A cooperative group offers 5%
simple interest rate per year. A bank offers 5%
compounded annually. Which will you choose and
why?

Study the following tables:

Investment 1: Simple Interest, with annual rate (r)
of 2% for 5 years
Time (t) Principal (P) Simple Interest Rate (r) = 2%
annually/yearly Amount after t years (Maturity
Value) Solution Answer (Simple Interest) 1 year
5,000 (5,000)(.02)(1) 100 5,000 + 100 = 5,100 2
 years 5,000 (5,000)(.02)(2) 200 5,000 + 200 = 5,200
3 years 5,000 (5,000)(.02)(3) 300 5,000 + 300 =
5,300 4 years 5,000 (5,000)(.02)(4) 400 5,000 + 400
= 5,400 5 years 5,000 (5,000)(.02)(5) 500 5,000 +
500 = 5,500

Time Principal Simple Interest Amount

(t) (P) Rate (r) = 2% after t
annually/yearly years
(Maturity
Value)
Solution Answer
(Simple
Interest)
1
year
2
years
3
years
4
years
5
years

E. Discussing new concepts and TYPES OF INTEREST

practicing new skills #1
I. Simple Interest
#2 Observe that in Investment 1 (Simple Interest), interest is
obtained by multiplying the principal by the rate and
time. The maturity value for every year is obtained by
adding the principal by the interest.

Simple Interest
Is = Prt

Where: Is – Simple interest

P – principal
r – rate
t – term or time, in years

Formula:
Is = Prt

Is
P=
rt

Is
r=
Pt

Is
t=
Pr
Sometimes
Formula: we are interested to know the amount that a
lender will give toMaturity
the borrower on the
(Future) maturity date. For
Value
example, you may be interested to know the total amount
of money in a savings
F = Paccount
+ Is after t years at an interest
rate r. This amount is called the Maturity
Where: F = maturity Value or
(future) value
Future Value F. P = principal
Is = simple interest
 Since Is = Prt, substitute Is by Prt
F = P + Prt
F = P(1 +rt)

Formula 2:
Maturity (Future) Value

F = P(1 + rt)

Where: F = maturity (future) value

P = principal
r = rate
t = term/time in years

F. Developing mastery Example:

A bank offers .20% annual simple interest rate for a
particular deposit. If 500,000 pesos is deposited in this
savings account for 1 year, how much interest will be
earned?
Solution:
Given: P = ₱ 500,000 (this is the amount deposited)
r = .20% =.002 (given in percent form, convert it
to decimal)
t = 1 year (duration or length of deposit in year)
 Find: Is (“how much interest will be earned?”)
Is = Prt (formula of simple interest)
= (₱ 500,000)(.002)(1) (substitute the values
based from the given then multiply)
= ₱ 1,000
Answer: The interest earned is ₱ 1,000.

Example 2.
How much interest is charged when ₱ 10,000 is
borrowed for 8 months at an annual simple interest rate
of 15%? Solution:
Given: P = ₱ 10,000 (the amount borrowed)
r = 15% =.15 (rate of interest converted to
decimal)
t = 8 months ( 8 /12 year = 2 /3 year) (given
is 8 months, convert it to year)
Note: When the term is expressed in months (M), it
should be converted to year by using the formula
t = 𝑀 /12 , where, M – no. of months and t – time.

Find: Is (“how much interest is charge?”)

Is = Prt (formula of simple interest)
= (₱ 10,000)(.15)(2 3 ) (substitute the
values then multiply)
= ₱ 1,000
Answer: The interest charged is ₱ 1,000
Example 3.
Find the maturity value if ₱500,000 is deposited in a
bank at an annual simple interest rate of .75% after
(a) 2 years and (b) 6 years? Solution:
Given:
P = ₱500,000 (amount of initial deposit)
r = .75% = .0075 (annual simple interest rate)
Find: a. F after 2 years (maturity value after 2 years?)
b. F after 6 years (maturity value after 6 years?)
Note: There are two ways to solve the problem.
By using Formula1:
Solve the simple interest Is first and then add it to
P, that is,
F = P + Is
By using Formula 2:
Use the derived formula
F = P(1 + rt) a. When t = 2 years

Formula 1:
Is = Prt (solve first the interest)
= (₱500,000)(.0075)(2) = ₱7,500 12
F = P + Is (add the principal and the interest)
= ₱500,000 + ₱7,500 = ₱507,500
Answer: The maturity value after 2 years is ₱507,500.
Formula 2:
F = P(1 + rt)
= ₱500,000[(1 + .0075(2)] (substitute the
values of P, r and t)
= ₱500,000 (1+.015) (add 1 by the product of
.0075 and 2)
= ₱500,000(1.015) (multiply ₱500,000 by
1.015)
= ₱507,500
Answer: The maturity value after 2 years is ₱507,500.

b. When t = 6 years
Formula 1:
Is = Prt (first, find the value of interest)
= (₱500,000)(.0075)(6)
= ₱22,500 F = P + Is (add the principal and

G. Finding practical application of
concepts and skills in daily living
interest)
= ₱500,000 + ₱22,500 = ₱522,500
Answer: The maturity value after 6 years is ₱522,500.
Formula 2:
F = P(1 + rt) = ₱500,000[(1 + .0075(6)]
(substitute the values of P, r and t)
= ₱500,000(1 + .045) (add 1 by the product of
.0075 and 6)
= ₱500,000(1.045)
(multiply ₱500,000 by 1.045) = ₱522,500
Answer: The maturity value after 6 years is ₱522,500.
Example 4. When Corazon invested at an annual interest
rate of 8%, she earned an amount of ₱ 4,800 of simple
interest in 5 years. How much money did she originally
invest?
Solution:
Given:
r = 8% = .08 (rate of interest converted to
decimal)
t = 5 years (number of years)
Is = ₱ 4,800 (amount of interest earned)
Find P (“how much money was invested?)
P = 𝐼𝑠 𝑟𝑡 (formula of principal)
= ₱ 4,800 (.08)(5) (substitute the values)
= ₱4,800 .4 (divide ₱4,800 by the product of .08
and 5) = ₱ 12,000
Answer: The amount invested by Corazon is ₱ 12,000.
Example 5
If the company applies for a loan amounting to
₱700,000 in a bank, the simple interest of which is
 ₱308,000 for 4 years, what interest rate is being
charged?
Solution:
Given:
P = ₱700,000 (the amount of loan)
Is = ₱308,000 (the amount of interest)
t = 4 years (the duration of loan)
Find r (“what interest rate is being charged?”)
r = 𝐼𝑠 𝑃𝑡 (formula of rate)
= ₱308,000 /(₱700,000)(4) (substitute the
values)
= ₱308,000 /(₱2,800,000) (divide ₱308,000 by
the product of ₱700,000 by 4)
= .11 (convert decimal to percent) = 11%
Answer: The rate is 11%.
H. Making generalization and Base from the lesson that we tackled…
abstractions about the lesson 1. What is Interest?
2. Differentiate the two types of interest.
3. What is Maturity value?
I. Evaluating Learning Quiz:
For Simple Interest Directions:
Complete the table below by finding the principal, rate,
time, simple interest, and maturity (future) value.
Principal Rate I Time (t) Interest Maturity
(P) (Is) Value (F)
(1) 12% 6 years P6, 120 (2)
(4) 8 years (3) P256, 000
₱200,000
(5) 2.5% (6) P15,000 P165,000
P60,000 .15% 5years (7) (8)
(9) (10) 15years P37, P87,500.00
500.00
J. Additional activities for application 1. ₱50,000 borrowed at 9%
or remediation for 2 years
2. Borrowed ₱120,000 from
her uncle agreed to pay 8%
annual interest for 5 years
V. REMARKS
VI. REFLECTION
A. Number of learners who earned
80% in the evaluation
B. Number of learners who require
additional activities for remediation
who scored below 80%
C. Did the remedial lessons work?
Number of learners who have caught
up with the lesson
D. Number of learners who continue
to require remediation
E. Which of my teaching strategies
worked well? Why did these work?
F. What difficulties did I encounter
which my principal or supervisor can
help me solve?
G. What innovation or localized
materials did I use or discover which I
wish to share with other teacher?
Prepared by: Checked by:

MARIBEL R. INTERINO AURORA S. RAGUINI

SHS Teacher-I Principal-I