Republic of the Philippines

Department of Education
MIMAROPA Region
SCHOOLS DIVISION OF ORIENTAL MINDORO
PUERTO GALERA NATIONAL HIGH SCHOOL
Poblacion, Puerto Galera, Oriental Mindoro
Email: my_pgnhs@yahoo.com

School PUERTO GALERA NATIONAL HS Grade Level 11

Learning General
Teacher Mrs. Jennifer B. Magango
DAILY Area Mathematics
LESSON LOG September 18, 2019
Teaching Date 7:00-8:00 11-Bourdain
Quarter First
and Time 9:00-10:00 11-Smith 1:30-2:30 11-Einstein
11:30-12:30 11-Keller 2:30-3:30 11-Newton

I. OBJECTIVES
A. Content Standard The learner demonstrates understanding of...
1. key concepts of simple and compound interests, and simple and general annuities.
B. Performance Standards The learner is able to...
1. investigate, analyze and solve problems involving simple and compound interests and
simple and general annuities using appropriate business and financial instruments.
C. Learning Competencies & Code 1. Illustrate compound interests. M11GM-IIa-1
2. Compute interest, maturity value/future value, and present value in compound
interest environment.M11GM-IIa-b-1
II. CONTENT BASIC BUSINESS MATHEMATICS
COMPOUND INTEREST
III. LEARNING RESOURCES
A. References
1. Teaching Guide pp. 159-198
2. Leaners’ Material/ Textbook pp. 126-152
3. Additional Materials from LR portal
B. Other Learning Resources
IV. PROCEDURES
A. Reviewing previous lesson or FIND MY PARTNER
presenting the new lesson Match the terms in Column A with the correct definitions in Column B.
Column A Column B
 Principal A. time money is borrowed
 Term B. amount paid or earned for the use of money
 Interest C. percentage of increase of investment
 Maturity Value D. amount of money borrowed or invested
 Interest rate E. amount added by the lender, to be received on
repayment date
F. amount received on repayment date

In computing interest, how can we describe simple interest and how can it be
computed?
How do we solve for the final amount or maturity value in simple interest?
B. Establishing a purpose for the lesson Before presenting the lesson objectives, tell the students the following ideas.

“In any business establishments, it is fundamental principle to pay an interest when it is

due so that the interest will be used to earn more money. But very few banks
today pay interest based on the simple interest formula. Instead, they
pay interest by using a principle called compounding.”
C. Presenting examples/ instances of the WHO’S RICHER?
new lesson Pose the situation to the students

 Sam and Charles each save Php 100, but under different interest schemes.
Sam earns 10% of his Php 100 savings multiplied to the number of years the money is
invested. While, Charles earns 10% of his Php 100 for the first year, then on the second
year 10% of his Php 100 and the interest it earned on the previous year.
 Help the two to complete the table of interest earned using Microsoft Excel

Sam’s Savings after t years Charles’ Savings after t years

Time Principal Interest Amount in t Time Principal Interest Amount in
(years) I=Prt years (years) I=Prt t years
(r=10%) (Maturity (r=10%) (Maturity
Value) Value)
F = P(1+rt) F = P(1+rt)
1 100 1 100
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
  How much interest was earned by Sam and Charles?
 Which of the two earned more money at the end of 10 years?
 What do you think is the kind of interest applied to Sam’s savings? How about on
Charles’ savings?
 Therefore, what is compound interest?
D. Discussing new concepts and LET’s INVESTIGATE!
practicing new skills #1  Investigate how the Maturity Value and Compound Interest can be expressed as an
E. Discussing new concepts and equation and computed.
practicing new skills #2  Let students make their investigation from the table that showed Charles’ earnings.
 Raise questions to help and guide students in conceptualizing the method of
computing for the maturity value and compound interest.

Charles’ Savings after t years

Time Principal Interest Amount in t years Can be expressed as
(years) (r=10%) (Maturity Value)
I=Prt F = P(1+rt)
1 100 10 110 𝐹1 = 𝑃(1 + 𝑟𝑡)
2 110 11 121 𝐹2 =
3 121 12.1 133.1
4 133.1 13.31 146.41
5 146.41 14.641 161.051
6 161.05 16.105 177.156
7 177.156 17.716 194.871
8 194.871 19.487 214.358
9 214.358 21.436 235.795
10 235.795 23.579 259.374

(Expected response: Compound interest is the interest earned from the principal and the
interest earned from the previous period. The final amount or the compound amount is the
accumulated value at the end of the term or period. It can be computed using 𝐹 = 𝑃(1 + 𝑟)𝑛 ,
Where n represents the no. of conversion periods. To identify the compound interest earned,
it can be computed using 𝐼𝑐 = 𝐹 − 𝑃.)

F. Developing mastery (leads to LET’s SEE!

Formative Assessment)  Demonstration of computing for the maturity value and compound interest.
 Allow learners to acquire the skill of solving for the maturity value and compound
interest through board work activities.

ILLUSTRATIONS:
1. Lina invested Php 15, 000 in Cardbank with 12% interest compounded annually.
How much will she have in her account at the end of two years?
2. Mr. Bunquin borrowed Php 27, 000 for 3 years at a bank charging 8 % annual
compound interest. How much interest would the bank earn from his loan?

G. Finding practical applications of LET’s DO IT TOGETHER!

concepts and skills in daily living Solve the given problems with your group. Present a clear and complete solution.

1. Harlene deposited Php 5, 000 in a bank paying 12% compounded annually. After 4
years, Harlene decided to close her account. How much money would she be able
to get from the bank?
2. Baby borrowed Php 12, 000 from Caloy which he charged 9% compound interest
annually. She promised to return the money after 2 years. How much interest would
Caloy earn from lending money to Baby?
3. The Sangguniang Bayan members of your municipality passed an order allowing
an increase of tricycle fare at 5% compounded annually. If the present fare is Php
10, what will be the fare after 10 years?
4. Your school require all incoming Grade 7 to open an account in its partner bank
paying 8% compound interest annually which will be withdrawn after graduation.
How much should a student save to receive Php 1, 000 on his graduation

H. Making generalizations and SUM IT UP!

abstractions about the lesson Lead the students in summarizing the lesson through asking the following questions.

1. How can you describe compound interest?

2. How is the maturity value and compound interest computed?

I. Evaluating learning EVALUATE:

Solve the problems below by applying what you have learned on compound interest.

1. A person borrowed Php 24, 000 in a bank charging 12% interest compounded
annually. How much would he pay at the end of 5 years?
2. You are deciding on how much money to invest in bank paying 7.5% interest
compounded annually so that after 3 years you will have Php 30, 000 in your
account. How much would it be?

J. 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. 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/discover which I wish to share
with other teachers?

Prepared by:
JENNIFER B. MAGANGO
SST – III

Checked by: Noted by:

BERNARD C. BUNQUIN, Ph. D. VICTORINO B. AGELLON

Assistant Principal II Principal I