Detailed Lesson Plan in Grade 11 in Mathematics

I - Objective:
At the end of the period, the students are expected to:
1. illustrates simple and compound interest
2. distinguishes between simple and compound interest
3. solves problems involving simple and compound interest

II – Subject Matter
Topic: Simple and Compound Interest
Reference: Curriculum Guide in Grade 11 and Majorship Mathematics
Materials: Cartolina, Manila paper, Pentel pen
III – Procedures

Teachers’ Activity Students’ Activity

A. Daily Routine

Who would like to lead a prayer? A Student will volunteer to

lead the prayer.

Good Morning class. Good Morning Ma’am.

Class secretary, please don’t forget to check your attendance Yes ma’am.
ok?

B. Drills

To start with our lesson for the day, let us have some drills. I
have here set of numbers. Let’s see if how fast you could find
their products. 165
1. 15 x 11 396
2. 36 x 11 231
3. 21 x 11 484
4. 44 x 11 495
5. 45 x 11

C. Review

Who can remember our lesson last time? Ma’am

Anybody?

Yes and what is this? Logarithmic Function

Logarithmic function are the

What is logarithmic Function?
inverses of exponential Function.

Very good.

D. Motivation

I will group the class into four and each group will be given one
problem to be solved on the board. Choose one representative
from your group and he/she will explain your work.

1. Find simple interest on ₱3000 at the rate of 5% for 3

years.
 2. Find simple interest on ₱3400 at the rate of 6.5% for 5
years.
3. Find the compound interest on the principal ₱3000
borrowed at 5% compounded annually for 3 years.
4. Find the compound interest on ₱3400 invested at 6.5%
compound semi annually for 5 years.

E. Presentation

Our topic for today has something to do with that activity.

What do you think our topic for today?

That’s right.

Let’s check your work, let us see if you used the correct
formula for these problems. So for the group 1 and 2 we have
simple interest.

Let us first define what simple interest is. Any idea from the Our topic for today is all about
class? simple and compound interest.

Very good, in short we have I = Prt, where I stands for simple Simple interest is determined by
interest, P is for Principal, R is for Rate and T for the number of multiplying the daily interest rate
period. by the principal by the number of
PRINCIPA SIMPLE days that elapse between
RATE TIME
L INEREST payments.
₱3000 .05 3 450
Take a look on the
₱3400 .065 5 1105
table for checking the
simple interest.
Are we going to convert
percentage to decimal point
ma’am?

Yes, for us to compute it easily.

For the group 1 and 2 good job, you get the correct answer but
always remember the formula so that you can solve the problem
easily. Ma’am

Let us proceed to compound interest, who among of you know

the definition of compound interest? The compound interest is same to
the simple interest.
Yes?
(Silence)

Ahm, another idea?

Don’t you have any idea?

Ok, Compound Interest is interest calculated on the initial principal

and also on the accumulated interest of previous periods of a deposit
or loan.

In formula we have A= P { 1 + r }n, where P stands Principal, R

for rate and n for a number of period.

Take a look on the table again.

PRINCIPA 1+RATE NUMBER COMPOUND
L OF INTEREST=TOTAL-
YEARS PRINCIPAL
₱3000 1.05 3 472.86
₱3400 1.0325 10 1292
For the group 3, you got the correct answer but for the group 4
it seems that you are confused with the given problem. In what
way did you find it hard? Ma’am in getting the rate and
number of years.
Aha, because you forgot that is semiannually it means that it is
twice in a year.
It means that the rate must be
divided into two and the number
Exactly, let’s compute again the problem 4, who wants to try it?
of years will be multiply by two.

Ma’am
Yes?

A= P { 1 + r }n

= ₱3400 { 1 + .065/2}5(2)

= ₱3400 { 1 + .0325}10

= ₱3400 {1.0325}10

=₱3400(1.38)

= ₱4692

Compound interest = ₱4692 –

Excellent! ₱3400 (Principal)
= ₱1292
Did you get it already?

Yes ma’am, but what if it is

You will do the same, just change two to four because it is already quarterly?
quarterly.
Ah ok ma’am, so it means the
rate must be divided into four and
That’s right, very good. the number of years will be
multiply by 4.
A. Generalization

Did you understand class?

What is the difference between simple and compound interest? Yes ma’am

Simple interest can be solved by

just multiplying the principal to
rate and multiply to the number
of period, in short I=PRT while
in compound interest you must
consider the period of time, in
Which is the better to use? The simple or compound interest? short we have A= P { 1 + r }n

If you are a borrower of money it

is better to use the simple interest
so that you will get a lesser
interest and if you a lender of
money it is better for you to use
compound interest so that you
By that case, what did you learn? will get more interest.
 We learn that they both have
benefits for us and we can use it
in our daily lives, knowing how
Very good to solve it is a great advantage for
us especially in business.

A. Application

Stay with your groupmates and you will solve again another
problems for simple and compound interest. For the group 1
and 2 you will solve problem number 2 and for the group 3 and
4 you will solve problem number 1.

1. Find the amount of the principal if the interest at 12%

per annum after 8 months is 2400php. I = Prt P= I/rt
= 2400/(.12)(8/12)
= 30,000

2. If 500php is invested at 8% compounded semiannually,

what will the final amount be after three years?
A= P { 1 + r }n
= 500 {1 + .08/2}3(2)
B. Evaluation =635

Directions: Answer the following problems. Write your

complete solutions in a 1whole sheet of paper .

1. At what interest rate compounded annually will

100php amount to 229.20 in 17 years?
2. Find the final amount if 200php is invested for 5 5%
years at 6% per annum compounded semiannually.
3. Find the simple interest of ₱9000 for two years at ₱268.8
4.5% per year. ₱810

C. Assignment

Directions: In a one whole sheet of paper, make your

own problems about simple and compound interest and solve it.

Prepared by: WADZNA JOYA ABDULLAH