GENERAL MATHEMATICS XI

ILLUSTRATING ANNUAL SIMPLE INTEREST

LEARNING COMPETENCIES: ILLUSTRATE SIMPLE AND COMPOUND INTEREST. (M11GM-IIA-1)

SIR. ALEXANDER C.
LOYLOY
MECHANICS
“MAGIC”

Every one can give five number randomly, but 0

and 9 is not included in the first number, but in second
to fifth digit number you may include any number from
1 to 9.
OBJECTIVES:
At the end of the lesson, the students are expected to:
a. Illustrate Annual Simple Interest.
b. Find the value of Principal, Rate, Time of Annual
Simple Interest.
c. Solve real-life situation using Annual Simple Interest.
ANNUAL SIMPLE INTEREST
Simple Interest is an interest that is computed on the principal and
then added to it.
Principal is the amount of money borrowed or invested on the
origin date.
Rate is a quantity, amount, or degree of something measured per
unit of something else.
• An annual simple interest is based on the 3 factors:

 Principal which is the amount invested or borrowed

Simple interest rate, usually expressed in percent

Time or term of loan, in years

ANNUAL SIMPLE INTEREST

I = Prt
I = simple interest
P = Principal
r = rate
t = term or time
Formula in solving the Principal of simple interest
P=
Formula in solving the Rate of simple interest
r=
Formula in solving the Rate of simple interest
t=
Activity 1.
Identify the following the Simple interest, principal, rate, and time in
the problem.
1. A bank offers 0.25% annual simple interest rate for a particular
deposit. How much interest will be earned if 1 million pesos is
deposited in this savings account for 1 year?
2. Teresa borrowed ₱ 120,000.00 from her uncle. If Teresa
agreed to pay an 8% annual interest rate, calculate the amount
of interest she must pay if the loan period is 1 year?
3. If ₱10,000.00 is invested at 4.5% simple interest, how
long will it take to grow to ₱ 11,800.00?
 Let’s Examine the given.
1. A bank offers 0.25% annual simple interest rate for a
particular deposit. How much interest will be earned if 1
million pesos is deposited in this savings account for 1
year?
2. If ₱ 10,000.00 is invested at 4.5% simple interest, how
long will it take to grow to ₱ 11,800.00?
GROUP ACTIVIT
Y
• Solve the following problem below.
Group 1. Orly invested ₱100,000.00 to an account that pays a simple interest
of 3% annually. Find the interest earned after 2 years?

Group 2. You get a 180-day ₱200,000.00 loan from a bank at a 10.5%

interest. Calculate interest using(a) 360 day

Group 3. Jun is investing an amount at 15% simple interest for 3 years. If he

intends to have ₱ 48,200.00 at the end of the term, what must be his principal?
ASSESSMENT.
Part 1: Directions: Read and analyze each item. Write the letter of the correct answer on your
¼ sheet of your yellow paper.
____1. What do you call to the interest that is computed on the principal and then added to it.?
A. Principal C. Rate
B. Annual Simple Interest D. Time
____2. Which of the following statements best describes about rate?
A. It is the amount of money borrowed or invested on the original date.
B. It is the interest that is computed on the principal and then added to it.
C. It is the interest computed on the principal and also on the accumulated past interest.
D. It is the amount after t years that the lender receives from the borrower on the maturity
date.
 ____3. Which of the following statements is TRUE about Interest?
A. It is the date on which money is received by the borrower.
B. It is the interest is computed on the principal and also on the accumulated past interests.
C. It is the interest computed on the principal and also on the accumulated past interest.
D. It is the amount paid or earned for the use of money.
____4. Ana borrows ₱20,000.00 from her uncle and agrees to pay him ₱22,000.00 in 15 months.
What interest rate was she paying?
A. 0.08% C. 0.12%
B. 0.10% D. 0. 35%
____5. What do you called to a quantity, amount, or degree of something measured per unit.
A. Annual Simple Interest C. Principal
B. Rate D. Interest
ASSIGNMENT
MY INVESTMENT
Directions: You need to Interview a person, that already had experience
investing his/her money in Stock market, Crypto currency or Sale
Marketing at were successful.

Procedure:
1. Asked them why as a individual way we need to investing our money
in the bank or in stock market?
 2. What is the advantages of investing your money earner
than later in any type of investment where the money can
generate interest.
3. Ask an investor why we need to study on how we invest
our money in a business?
4. What is the important of investing your money in
business?
5. Upload on your Youtube channel of what you have
learned from the person that you interviewed about