Jerson M.

Quijano
WAG-AKO Rules
• W-ear your proper uniform and ID inside the room
• A-ttendance is a must
• G-oing outside during class is prohibited

• A-ccept each other’s differences

• K-now each lesson carefully with patience
• O-bey the rules and regulation
Recitation Rules
• Orange sticks consists of 10 points
• Blue sticks consists of 20 points
• 100 points is the perfect score
• Collection of sticks ( Before the Final Exam)
Learning Objectives:
• Identify the use of simple interest
• Define the formula of simple interest
• Apply in real life situation.
WordHunt
Key Terms in this Lesson:
• Interest- How much is paid for the use of money (as a percent, or an amount)
• Principal Amount- The amount of money that borrowed or invested.
• Rate- It is the interest rate (percentage) converted into decimal.
• Time- The time period that you will receive your investment or you will pay
the loan.
• -Annually (A year)
• -Semi-Annually (Half of the year)
• -Quarterly (Every 3 months)
• -Monthly (A month)
Key Terms in this Lesson:
• Accumulated money- The money that gather together or acquire an
increasing number after the interest where add in principal amount of
money.
• Invest- Put (money) into financial schemes, shares, property, with the
expectation of achieving a profit.
• Loan- A thing that is borrowed, especially a sum of money that is
expected to be paid back with interest.
• Debt- A sum of money that is owed or due.
• Credit- The ability of a customer to obtain goods or services before
payment
Psalms 37:21
• The wicked borrow and do not repay,
    but the righteous give generously;
Formula for Simple Interest:
I = Prt

• I = Simple Interest
• P = Principal Amount of money (invest or loan)
• R = Rate
• T = Time
Example:
• Jose will borrow money to Mr. Boom Bae worth of 10,000 pesos and
it has interest rate of 3% for 1 year. How much is the simple interest
and its accumulated money?
Example:
• A total of $1,200 is invested at interest rate of 6% for 12 months that
was loan by Mr. Boom Bae in the Bankrough. How much interest is
earned on this investment?
Activity
Direction: Try this one in your notebook. Find the Simple Interest

• Direction: Try this one in your notebook. Find the Simple Interest.
• P = 25,000 pesos .
•R=8%
• T= annually
• 
• I =?
• P = 18,000 pesos
•R=5%
• T = 36 months
• 
• I =?
Summary
• Simple Interest is when the interest on a loan or investment is
calculated only on the amount initially invested or loaned. This will
really help students in their future to attain their financial wellness.
Having a knowledge about this will lead you into the real life situation
where money involved
Seatwork
• Direction: Analyze the problem and find the simple interest of each of
it. Answer it on the 1 whole sheet of paper and make sure to right the
currency sign of the money.
• A 2-year loan of $500 is made with 4% simple interest. Find the
interest earned.
• Wanda borrowed $3,000 from a bank at an interest rate of 12% per
year for a 2-year period. How much interest does she have to pay the
bank at the end of 2 years? 
• Ariel takes a loan of $8,000 to buy a used truck at the rate of 9 % for
only 3 years. What is the simple interest?