DAILY School EULOGIO “AMANG” Grade GRADE 11

RODRIGUEZ INSTITUTE OF Level/Section

LESSON GAS - 1
SCIENCE AND TECHNOLOGY
PLAN
Teacher CHRISTINE JOY R. ABAROA Learning Area GENERAL
MATHEMATICS

Teaching Dates & FEBRUARY 2, 2024 Semester FIRST SEMESTER

Time

I. OBJECTIVES
A. Content Standards The learner demonstrates understanding of key concepts

B. Performance Standards The learner is able to investigate, analyze, and solve problems involving compound interests.

C. Learning Competencies / The learners should be able to:

Objectives
 distinguishes between simple and compound interests. (M11GM-IIa-2)

 computes interest, maturity value, future value, and present value in simple interest and
compound interest environment. (M11GM-IIa-b-1)

 solves problems involving compound interests. (M11GM-IIb-2)

II. CONTENT DIRECT VARIATION

III. LEARNING RESOURCES

A. References https://sweetformula.fun/wp-content/uploads/2020/07/SHS-GENERAL-MATHEMATICS-TG.pdf
 1. General Mathematics Grade 11 pp. 441 – 450
Senior High School Learner’s
Material
2. General Mathematics Senior High pp. 162 - 177
School Teacher’s Material
IV. PROCEDURES
Routine Activities Teacher’s Activity Student’s Response
1. Greetings “ Good morning Class, You may take your seat” “Good Morning Ma’am Abaroa”

A. Recall and Introduction

WHAT IS SIMPLE INTEREST?

Is the cost of borrowing money without accounting for the effects of compounding. In other
words, simple interest only applies to the principal amount.

WHAT IS FORMULA OF SIMPLE INTEREST

Simple interest or Not simple interest

A person deposits $5,000 in a bank account which pays 6% simple interest per year. Find the
value of his deposit after 4 years.

Answer: Simple Interest

Allan takes a loan of Rs 10000 from a bank for a period of 1 year. The rate of interest is 10%
per annum. Find the interest and the amount he has to pay at the end of a year.

Answer: Simple Interest

INTRODUCTION

Tine and Lydia each invest P10,000 for two years, but under different schemes. Tine earns 2%
of

P10,000 the first year, which is P200, then another P200 the second year. Lydia earns 2% of
P10,000

the first year, which is P200, same as Tine’s. But during the second year, she earns 2% of the
P10,000

and 2% of the P200 also.

[Tine just earns 2% of P10,000 but Lydia earns 2% of both the P10,000 and the previous
interest]

QUESTION:
Why is there a difference between the amount in Joy’s (P10,400) and Lydia's (P10,404)
 respective accounts after two years?

EXPLAINATION:
Tine had simple interest while Lydia had compound interest

What is compound interest?

Compound interest is the interest computed on the principal and also on the accumulated past
interest, so compound interest is a way to earn money because you don’t just earn using your
original money, but also the interest you earned.

B. Establishing a purpose for

the lesson  F = P(1 + r)^t where

P = principal or present value

F = maturity (future) value at the end of the term

r = interest rate

t = term / time in years

 The compound interest Ic is given by

Ic = F – P
Many bank savings accounts pay compound interest. In this case, the interest is added to the
account

at regular intervals, and the sum becomes the new basis for computing interest. Thus, the
interest

earned at a certain time interval is automatically reinvested to yield more interest.

The following table shows the amount at the end of each year if principal P is invested at an
annual

interest rate r compounded annually. Computations for the particular example P = P100,000
and r

= 5% are also included

 Observe that the amount at the end of each year is just the amount from the previous year

multiplied by (1 + r). In other words, 1 + r is multiplied each time the year ends. This results in

the following formula for the amount after t years, given an annual interest rate of r:

C. Presenting examples
/Instances of the new EXAMPLE 1.
Lesson Find the maturity value and the compound interest if P10,000 is compounded annually
at an interest rate of 2% in 5 years.

Answer: The future value F is P11,040.81 and the compound interest P1,040.81

[Relate the procedure above to the illustration in finding compound interest under
Investment
2 in Lesson 1. INTRODUCTION]
EXAMPLE 2.
Find the maturity value and interest if P50,000 is invested at 5% compounded annually for 8
years.

Answer: The maturity value F is P73,872.77 and the compound interest is P23,872.77.
D. Discussing new concept
and practicing new skills
#1 EXAMPLE 3.
Suppose your father deposited in your bank account P10,000 at an annual interest
rate
of 0.5% compounded yearly when you graduate from kindergarten and did not get
the amount until
you finish Grade 12. How much will you have in your bank account after 12 years?

Answer: The amount will become P10,616.77 after 12 years.

The present value or principal of the maturity value F due in t years any rate r can
be obtained from
the maturity value formula F = P(1 + r)^t
 Solving for the present value P,

Present Value P at Compound Interest

P = principal or present value

F = maturity (future) value at the end of the term
r = interest rate
t = term / time in years
E. Developing mastery (Leads
Seatwork:.
to Formative Assessment)

What is the present value of P50,000 due in 7 years if money is worth 10% compounded
annually?

Solution. . Given: F = 50, 000 r = 10% = 0.1 t = 7 years Find: P The present value P can be
obtained by

Answer: The present value is P25,657.91.

F. Finding practical
applications of concepts Reflect on this:
and skills in daily living Interest rates are to asset prices what gravity is to the apple. When there are low interest rates,
there is a very low gravitational pull-on asset price.

G. Making generalizations and

abstractions about the Ask the students to recite the formula of compound interest.
lesson.
H. Evaluating learning
Activity:

In a one whole sheet of paper answer the following question.

Find the unknown principal P, rate r, time t, and compound interest Ic by completing the table

I. Additional activities for

application or remediation
V. REMARKS

VI. REFLECTION

A. No. of learners who earned

80% in the evaluation
B. No. of learners who require
additional activities for
remediation
 C. Did the remedial lessons
work? No. of learners who
have caught up with the
lesson
D. No. of learners who continue to
require remediation.
E. What difficulties did I
encounter which my principal
or supervisor can help me
solve?
F. What innovation or localized
materials did I use/discover
which I wish to share with other
teachers?

Prepared by:

Christine Joy R. Abaroa

Noted by: