SAN JACINTO CATHOLIC SCHOOL, INC. Gen.

Math:11
San Jacinto, Pangasinan
________________________________________________________________________________
GENERAL MATHEMATICS
GRADE 11 LEARNER’S MODULE #6 – 2nd Quarter, Weeks 11 - 12
UNIT 6: BUSINESS MATHEMATICS

Lesson 11 – 12: Simple and Compound Interest

OBJECTIVES: In this lesson, you will learn to:

• illustrate simple and compound interests.
• distinguish between simple and compound interests.
• compute interest, maturity value, future value, and present value in simple interest and compound
interest environment.
• solve problems involving simple and compound interests.

INTRODUCTION:

Business mathematics is used by commercial institutions in making their system work. Business
Mathematics has vast applications in the areas of accounting, inventory management, marketing, sales
projection, market analysis, and many more. Some of the basic concepts in business mathematics are:
interest, stocks and bonds, and loans.

INSTRUCTION / DISCUSSION:

Interest is the amount paid or earned for the use of money. An amount of money that is
borrowed for a period of time is called loan. A person or institution who invests the money or makes
the funds available is called lender or creditor while the person or institution who owes or avails the
fund from the lender is called borrower or debtor.
Interest is expressed in terms of percent, and is stated as rate of the principle involved per
annum.
The description of interest suggests that three elements play important role in the computation
of interest:
i. Principal is the base in which interest is computed. If an amount is loaned or borrowed,
this amount is referred to as principal.
ii. Term is the unit of time for which the principal is loaned, or the length of time the
principal is borrowed.
iii. Interest rate is the multiplier expressed as percent of the principal to be paid each term.
The maturity value, or simply the amount, is the sum of the principal and the interest that
accumulates over the agreed term. This agreed term is usually expressed in years or a fraction of a
year (quarterly, semiannually or monthly).

SIMPLE INTEREST
Simple interest is charged only on the loan amount called the principal. Thus,
interest on the interest previously is not included. Simple interest is calculated by multiplying the
principal by the rate of interest by the number of payment periods in a year.

Annual Simple Interest

𝐼𝑠 = 𝑃𝑟𝑡
where:
𝐼𝑠 = simple interest
P = principal, or the amount invested or borrowed
r = simple interest rate
t = term or time in years

In symbols,
I s=Prt
This triangle will help you on how to solve for the principal, rate, time, or interest. You simply
cover the variable representing what is needed, and the remaining variables give you a clue to form
the formula needed to solve for the unknown. (Note: The operations involved are multiplication and
division. Multiplication for the variables found in the same level and division for the variables found in upper
and lower part of the triangle).
Formula:
Is Is Is
I s=Prt , P= , r = , t=
rt Pt Pr
Gen.Math-11 - Page 1 of 15
 So, here are the steps in solving problems related to simple interest.
Step 1: Identify what is asked.
Step 2: Identify what are given.
Step 3: Identify which formula to be used.
Step 4: Substitute the given values to the formula.
Step 5: Solve the problem.
Examples:

1. What will be the interest earned for a loan of P 25, 000 at 12% simple interest for 5 years?
Given: P=₱ 25,000 r =12%=0.12 t=5 year
Find: I s
Solution: I s=Prt .
I s=( 25,000 )( 0.12 ) ( 5 )
I s=15,000
 The amount invested is ₱ 15,000 .

2. When invested at an annual interest rate of 6%, the amount earned P 10, 500 of simple
interest in 2 years. How much money was originally invested?
Given: r =6 % or 0.06 t=2 years I s=₱ 10,500
Find: P
Is 10,000
Solution: P= = =87,500.
rt (0.06)(2)
 The amount invested is ₱ 87,500.
3. If an entrepreneur applies for a loan amounting to P 400, 000 in a bank, the simple interest
of which is P 150, 500 for 3 years, what interest rate is being charged?
Given: P=400,000 t=3 years I s=₱ 150,500
Find: r
Is
Solution: r =
Pt
150,500
r=
( 400,000 )( 3 )
r =0.125=12.5 % .
 The amount invested is 12.5 % .

4. How long will P 100, 000 earn a simple interest of P 20, 000 at 2% per annum?
Given: I s=₱ 20,000 P=100,000 r =2 % or 0.02
Find: t
Is
Solution: t=
Pr
20,000
t=
( 100,000 )( 0.02 )
t=10 years.
5. How much interest is charged when P 50, 000 is borrowed for 9 months at an annual
interest rate of 10%?
9
Given: P=50,000 r =10 % or 0.10 t= year=0.75 year
12
Note: To convert units of time from months to years, use these formulae:
no . of months
Time in months t=
12
Find: I s
Solution: I s=Prt .
I s=( 50,000 ) ( 0.10 ) ( 0.75 )
I s=3,750
 The simple interest charged is ₱ 3,750 .

Compound Interest Future Value (F) at Compound Interest

Gen.Math-11 - Page 2 of 15
𝐹 = 𝑃(1 + 𝑟)𝑡
 𝐹
𝑃
(1 +
=
𝑟)𝑡
Many banks savings account 𝑃pays = 𝐹(1 + 𝑟)
compound−𝑡
interest. Inorthis case, the interest is added to
the account at regular intervals, and the sum becomes the new basis for computing interest.
where
Compound interest is a type of interest where the amount of interest generated in terms of year is
based on both the starting amount andPthe previouslyor
= principal earned
presentinterest.
value
F = maturity (future) value at the end of the
term
The compound interest I c is given by
r =I cinterest
=F−P rate
t = term/time in years
Examples:
1.) What is the interest of ₱ 25,000 if invested at 4.5% compounded annually in 3 years?
Given: P=₱ 25,000 r =4.5 %=0.045 t=3 year
Find: F , I c
Solution: F=P(1+r )n. I c =F−P
F=(₱ 25,000)(1+ 0.045)
3
I c =28 , 529.15−25,000
F=28,529.15 I c =3,529.15
 The interest is ₱ 3,529.15

2.) If Mr. Dela Cruz is investing ₱ 200,000 with compound interest rate at 3.5% for 10 years, how
much is the money of Mr. Dela Cruz after 10 years? How much does he earn?
Given: P=₱ 200,000 r =3.5 %=0.035 t=10 year
Find: F , I c
Solution: F=P(1+r )n. I c =F−P
F=(₱ 200,000)(1+ 0.035) 10
I c =282,119.75−200,000
I s=282,119.75 I c =82,119.15
 Mr. Dela Cruz will have ₱ 282,119.75 after 10 years of investment using the interest that is
compounded annually. He actually earned ₱ 82,119.75 after 10 years.

Compounding More Than Once a Year

In computing compound interest and

the compound amounts when compounded
monthly, quarterly, semi-annually and
annually the frequency of conversion period
increases the compound interest also
increases as well as the compound amount.
The formula in finding compound amount
when compounding is computed more than
once a year.

Table1. Frequency of
Conversion
Compounding Frequency Frequency of Conversion (m)
Compounded Annually 1
Compounded Semi-annually 2
Compounded Quarterly 4
Compounded Monthly 12
Compounded Daily 365
3.) Find the maturity value and interest if ₱ 10,000 is deposited in a bank at 2% compounded quarterly
for 5 years.
Given: P=₱ 10,000 r =2 % or 0.02 t=5 years m=4
Find: F , I c
Solution:
Compute for the interest rate in a conversion period ( j).
j m 0.02
j= = =0.005
m 4
Compute for the total number of conversion periods

Gen.Math-11 - Page 3 of 15
 n=( m )( t )=( 4 ) ( 5 )=20
Compute for the maturity value
n
F=P(1+ j)
20
F=(10,000)(1+0.005)

F=11,048.96
The compound interest is
I c =F−P
I c =11,048.96−10,000
I c =1,048.96
4.) Michael received a monetary graduation gift from his parents amounting to ₱ 5 , 000 . He
decided to place his graduation money in an account and leave it there for 2 years in time for
his college degree. He puts his money to an account that gives 3.5% interest compounded
quarterly. How much will be in Michael’s account at the end of two years?

Given: P=₱ 5,000 i m=3.5 % or 0.0035 t=2 years m=4

Find: F , I c
Solution:
Compute for the interest rate in a conversion period ( j).
m
j 0.035
j= = =0.00875
m 4
Compute for the total number of conversion periods
n=( m )( t )=( 4 ) ( 2 )=8
Compute for the maturity value
n
F=P(1+ j)
F=(5,000)(1+0.00875)8
F=5,360.91

 Michael will have 5,360.91 in his account at the end of two years.

5.) Allan borrows ₱ 50,000 and promises to pay the principal and interest at 12% compounded
monthly. How much must he repay after 6 years?

Given: P=50,000 i m=12 % or 0.12 t=6 year m=12

Find: F
Solution:
n
F=P(1+ j)
(12)(6 )
0.12
F=50,000(1+ )
12
F=50,000(1+0.01)72
72
F=50,000(1.01)
F=102,354.97
 Thus, Allan must pay ₱ 102,354.97 after 6 years .

PRACTICE:
 Exercise 1: Complete the tables by solving for the unknown.

A. Simple Interest
Principal (P) Rate (r) Time (t) Interest (𝐼𝑠)
10, 000 8% 15 (1)
(2) 2% 5 10, 000
360, 000 (3) 2 3, 600
500, 000 10.5% (4) 175, 500
800, 000 9.25% 2.5 (5)

Gen.Math-11 - Page 4 of 15
 B. Compound Interest
Principal (P) Rate (r) Time (t) Compound Maturity Value (F)
Interest (𝐼𝑐)
35, 600 6% 9 months (6) (7)
140, 250 10% 15 months (8) (9)
75, 800 8.5% 2years (10) (11)
(12) 2% 5 (13) 50, 000
(14) 9.25% 2.5 (15) 100, 000

Reference:
Fernando B.O. (2017). General Mathematics for Senior High School, Phoenix Publishing House

Prepared by:
Nancy B. Corpuz
Subject Teacher

Ma. Cherry A. Mercado

Subject Teacher

Gen.Math-11 - Page 5 of 15
 SAN JACINTO CATHOLIC SCHOOL, INC. Gen.Math:11
San Jacinto, Pangasinan
________________________________________________________________________________
GENERAL MATHEMATICS
GRADE 11 LEARNER’S MODULE #7 – 2nd Quarter, Weeks 13 - 14
UNIT 6: BUSINESS MATHEMATICS

Lesson 13 – 14: Annuity

OBJECTIVES: In this lesson, you will learn to:

• illustrate simple and general annuities.
• distinguish between simple and general annuities.
• find the future value and present value of both simple annuities.

INTRODUCTION:
Houses for Sale!
Eng. and Dr. Roxas are planning to have their own home but have limited budget. They
went to a bank for some advice as to how they can produce enough amount for the down
payment on a house and lot they have chosen
This is the advice of the bank: “If you will invest ₱20,000.00 at the end of each year for 5
years in an account that pays interest compounded annually, you will have the amount for the
down payment of the house and lot at the end of 5 years.”
Which house did the couple choose?

A. The diagram below

will help you answer the questions the follow

1. Calculate the amount to which the second ₱20,000

will grow using the compound interest formula
2. Calculate the amount to which the second ₱20,000
will grow using the compound interest formula
3. Calculate the amount to which the third ₱20,000
will grow using the compound interest formula
4. Calculate the amount to which the fourth ₱20,000
will grow using the compound interest formula
5. Find the total of the separate ₱20,000 investments.
Include the fifth or last ₱20,000 in the sum

Gen.Math-11 - Page 6 of 15
INSTRUCTION / DISCUSSION:

Annuity is a series of equal payments at regular intervals. Literally, annuity means

payment made annually. But it can also refer to payment made at different segmental payment
period.

Classification of Annuity based on the Interest Period and Payment Interval

1. Simple Annuity – is an annuity where the payment interval coincides with the
interest conversion period. For example, ₱10,000 invested at the end of every six
months for 2 years and that 15% interest is paid compounded semiannually.
2. General Annuity – is an annuity where the payment interval does not coincide with
the interest conversion period. For example, every 3 months, a father deposited
₱15,000 in a trust fund for the son’s education for 8 years. The money earns 12%
compounded monthly. The payment period is not equal to the interest period.

Classification of Annuity based on Payment Schedule

1. Annuity Due – is an annuity that is paid or received at the beginning of the time
period.
2. Ordinary Annuity – is an annuity that is paid or received at the end of the time
period.
3. Deferred Annuity – the periodic payment is not made at the beginning nor at the
end of each payment interval, but some later date.

The flowchart below gives the different kinds of annuities

General
Annuity

Illustrative Example:

Mr. Bingo deposited ₱10,000 on his birthday November 10, 2015 and had
deposited the same amount on the same date every year until his birthday on 2019. The
bank credits 3.5% interest compounded annually to Mr. Bingo’s account on the same
date. Find the future value of Mr. Bingo’s annuity.

Solution:
This is an example of simple ordinary annuity. Note that the interest conversion
date (annually) and the date of payments (November 10) are the same. And the payments
are made at the end of interest conversion period.

Mr. Bingo’s cash flow schedule of payments is shown in the scale below:

The future value of Mr. Bingo’s annuity on November 10, 2019 can be illustrated in a
time-value scale as follows:

Gen.Math-11 - Page 7 of 15
 FV =₱ 10,000(1.035)0 + ₱ 10,000(1.035)1+ ₱ 10,000(1.035)2+ ₱ 10,000(1.035)3+ ₱ 10,000(1.035)4
FV =₱ 10,000 ( 1 ) + ₱ 10,000 ( 1.035 ) + ₱ 10,000 ( 1.071225 ) + ₱ 10,000 ( 1.108717875 ) + ₱ 10,000(1.147523001)
FV =₱ 10,000+ ₱ 10,350+ ₱ 10,712.25+ ₱ 11,087.18+ ₱ 11,475.23
FV =₱ 53,624.66

This amount follows a geometric series with the first term a 1=₱ 10,000 , common ratio r =1.035, and
the number of terms n=5

n 5
a 1(1−r ) ₱ 10,000 (1−1.035 )
Sn=  S5=
1−r 1−1.035
₱ 10,000 (−0.1876863)
Sn=
−0.035
−₱ 1,876.863
Sn=
−0.035
Sn=₱ 53,624.66

Since most annuities involve relatively small periodic payment and longer period of
time, they are affordable for the average persons. If longer periods of time are involved,
the procedure we’ve done in the Illustrative Example 1 will be very tedious; hence,
formulas are needed to simplify computations of the future value of annuity

Formula: Simple Ordinary Annuity

The future value (FV) of an annuity is the total accumulation of the payments and
interest earned.
The present value (PV) of an annuity is the principal that must be invested today
to provide a regular payment of annuity.

Example 1: Future Value of Simple Ordinary Annuity

Solve for the future value for ₱ 75,000 at 2.7% for 3 years compounded monthly.

Solution:

Gen.Math-11 - Page 8 of 15
 Since the interest is to be compounded monthly
₱ 75,000 r 0.027
P= =₱ 6,250 = i=
=0.0025n=m∙ t=12 (3 )=36
12 m m
The amount of annuity is FV =P
(1+i) n−1
i [ ]
[ ]
36
(1+ 0.00225) −1
FV =₱ 6,250 FV =₱ 234,089.54
0.00225

Example 2: Future Value of Simple Ordinary Annuity

Jeffrey and Alfred are college friends. After graduation and being finally able to get
a good job, they both plan for retirement as follows:
 Starting at the age 24, Jeffrey deposits ₱10,000 at the end of each year for
36 years.
 Starting at the age 42, Alfred deposits ₱20,000 at the end of each year for 18
years.
Who will have the greater amount at retirement if both annuities earn 12%
compounded annually? How much is their difference?
Solution:

 Jeffrey’s retirement annuity is greater than Alfred’s of ₱3,729,636.86.

NOTE: The example shows the value of time and the advantage of saving early on
the amount of money.

Example 3: Present Value of a Simple Ordinary Annuity

Mr. Luiz wants to buy a simple ordinary annuity of ₱100,000 per year for 5 years.
He wants to enter a contract Kabayan Company (KC) and deposit a certain amount so
that later, the company will pay him ₱100,000 per year for 5 years. Suppose the company
offered 2.5% compounded annually, find the amount Mr. Luiz should deposit to KC.

Solution:
The problem calls for finding the present value of an annuity. It is the sum of the
present values of all the 5 payments of the annuity.
Mr. Luiz` present value for each future payment [ P(1+i)−n ]:
₱ 100,000(1.025)−1 =₱ 97,560.98 on the first year
−2
₱ 100,000(1.025) =₱ 95,181.44 on the second year
₱ 100,000(1.025)−3 =₱ 92,859.94 on the third year.
₱ 100,000(1.025)−4=₱ 90,595.06 on the fourth year.
−5
₱ 100,000(1.025) =₱ 88,385.43 on the fifth year, for a total of ₱ 464,582.85

Using the above formula, the present value of Mr. Luiz` annuity is

[ ]
−n
1−(1+i)
PV =P
i

Gen.Math-11 - Page 9 of 15
 [ ] [ ]
−5 −5
1−(1+0.025) 1−(1.025)
PV =₱ 100,000 =₱ 100,000
0.025 0.025
PV =₱ 100,000
[
0.1161457124
0.025 ]
=₱ 100,000( 4.645828496)
PV =₱ 464,582.85
Example 4. Future Value and Present Value of Simple Ordinary Annuity

Find the future value and the present value of annuity for ₱500,000 investment at
2% compounded quarterly for 5 years.

Solution:
The interest is to be compounded quarterly. Thus,

Formula: Simple Annuity Due

Example 1. Future value of Simple Annuity Due

Angelo’s parents saved for his college education by investing ₱15,000 at the
beginning of each year in an education plan that earns 6% compounded annually. What is
the total amount of investment at the end of 16 years?
Solution:
The interest is to be compounded annually. Thus,

Gen.Math-11 - Page 10 of 15
Example 2. Present value of Simple Annuity Due

Kat borrows money from One Network Bank from for house renovation. She is to
pay ₱50,000 yearly at the beginning of each year for the period of 10 years at an interest
rate of 9% compounded annually. How much did Kat borrow?

Solution:

PRACTICE:
 Exercise 1: Simple Ordinary Annuity
Direction: Calculate the future value of #1 and present value of #2.
Principal Interest Rate Mode of Payment Length of Annuity
1.) ₱ 40,000 2% Annually 3 years
2.) ₱ 3,800 3% Bimonthly 2 years

 Exercise 2: Simple Annuity Due

Direction: Calculate the future value of #3 and present value of #4.
Principal Interest Rate Mode of Payment Length of Annuity
3.) ₱ 1,500 5% Monthly 5 years
4.) ₱ 10,000 10% Semi-annually 2 years

Reference:
Fernando B.O. (2017). General Mathematics for Senior High School, Phoenix Publishing House

Gen.Math-11 - Page 11 of 15
 Prepared by:
Nancy B. Corpuz
Subject Teacher

Ma. Cherry A. Mercado

Subject Teacher

SAN JACINTO CATHOLIC SCHOOL, INC.

General Mathematics (11) – Evaluation for Module #6

Name: _____________________________ Strand: _____ Section:____________ Date:_______ Score: ____

ACTIVITY #1: Choose the letter of the correct answer. Write your answer on the space provided.

___ 1. Which of the following is the amount paid or earned for the use of money?
a. Bonds c. Loan
b. Interest d. Stocks
___ 2. Which of the following statements best illustrates a simple interest?
a. It is a share in the ownership of a company.
b. It is a sequence of payments done periodically and in equal amounts.
c. It is the interest that is computed on the principal and then added to it.
d. It is the interest that is computed on the principal and also on the accumulated past
interests.
___ 3. A loan institution charges 9% simple interest to ₱70, 000 loan for 3 years. What is
the interest on the loan?
a. ₱15, 000.00 c. ₱20, 000.00
b. ₱18, 900.00 d. ₱22, 900.00
___ 4. How long will a principal of ₱30,000 that earn an interest of P 4,500 at 3% simple
interest?
a. 5 years c. 15 years
b. 10 years d. 20 years
___ 5. Which of the following statements best illustrates a compound interest?
a. It is a share in the ownership of a company.
b. It is a sequence of payments done periodically and in equal amounts.
c. It is the interest that is computed on the principal and then added to it.
d. It is the interest that is computed on the principal and also on the accumulated past
interests.
___ 6. Find the total number of conversion periods when money is compounded quarterly
with 2 years and 6 months term.
a. 4 c. 8
b. 6 d. 10
___ 7. Suppose ₱55,000 will due in 9 years at 7% compounded annually. How much is
the principal amount?
a. ₱20, 000.00 c. ₱25, 000.75
b. ₱22, 465.25 d. ₱29, 916.36
___ 8. Christian lends ₱60, 000 for 4 years at 5% compounded semi-annually. Find the
future value.
a. ₱70, 000.00 c. ₱73, 104.17
b. ₱72, 250.25 d. ₱75, 257.36
For items nos. 9-10, use the problem below.
Marco deposited ₱20, 000 that gives 2% compounded quarterly and let it stay
there for 5 years.

___ 9. Find the future value.

a. ₱25, 520. 25 c. ₱32,278.23
b. ₱22, 097.91 d. ₱35,000.00
___ 10. What is the interest of this amount?
a. ₱5,520.25 c. ₱12,278.23
b. ₱2, 097.91 d. ₱15,000.00

ACTIVITY #2: Performance Task. (The following rubric will be used for scoring).

Gen.Math-11 - Page 12 of 15
 Rubric for Accuracy of Solutions
Score Descriptors
Used an appropriate strategy to come up with a correct solution and arrived at a correct
5
answer.
Used an appropriate strategy to come up with a solution. But a part of the solution led to an
4
incorrect answer.
Used an appropriate strategy but came up with an entirely wrong solution that led to an
3
incorrect answer.
Attempted to solve the problem but used an inappropriate strategy that led to a wrong
1-2
solution.
Goal: Your goal is to determine which loan is better.
Role: You are a consultant in borrowing money.
Audience: Your audience is your uncle.
Situation: You are hired by your uncle to help them in compute for their monthly mortgage. They borrowed
₱ 2,500,000 to finance the building of their house. ABC bank charge interests a 9 % monthly fixed for
the entire fifteen-year term of the loan while XYZ bank charges interest at 10 % quarterly.
1. Your first responsibility is to determine which bank offers the best deal.
2. Present a computation of the balance after 5 years and after 10 years. This will give your uncle the
opportunity to pay up the loan after 5 years if he has the fund or after 10 years.

Product: You are expected to write a report to be presented to your uncle.

Standard: Scoring Rubrics.
Accuracy of solutions - 20 pts. Clarity of presentation - 5 pts. Explanation - 5 pts.

ABC Bank XYZ Bank

Which bank offers the best deal? Why?

Gen.Math-11 - Page 13 of 15
 SAN JACINTO CATHOLIC SCHOOL, INC.
General Mathematics (11) – Evaluation for Module #7

Name: _____________________________ Strand: _____ Section:____________ Date:_______ Score: ____

ACTIVITY #1: Choose the letter of the correct answer. Write your answer on the space provided.

1 1 1 1 1
___ 1. What is the common ratio of the following sequence: , , , , ?
2 4 8 16 32
1 1
a. c.
2 4
b. 2 d. 4
___ 2. It is a series of equal payments at regular intervals.
a. Annuity c. Interest
b. Bond d. Stocks
___ 3. Which is the periodic payment made at the beginning of each payment interval?
a. Annuity certain c. Contingent annuity
b. Annuity due d. Ordinary annuity
___ 4. Periodic payment made at the end of each payment interval is .
a. Annuity Due c. Ordinary annuity
b. Future annuity d. Present annuity
___ 5. It is an annuity where the payment interval is the same as the period of interest?
a. General annuity c. Both A and B
b. Simple annuity d. Neither A nor B
___ 6. Rafael has been contributing ₱500 at the end of each quarter for the past 18
quarters to savings plan that earns 10% compounded quarterly. What forms of
annuity is the given situation represents?
a. Simple annuity and annuity due
b. General annuity and annuity due
c. Simple annuity and ordinary annuity
d. General annuity and ordinary annuity
___ 7. In which case will an investor receive the most interest?
a. 10% compounded continuously. c. 10% compounded monthly.
b. 10% compounded annually. d. 10% compounded daily.

___ 8. In 3 years, you are to receive ₱15,000. If the interest rate were to suddenly increase,
the present value of that future amount to you would ___________.
a. increase
b. decrease
c. remain unchanged
d. cannot be determined without more information
___ 9. How much money is accumulated if 3900 is paid at the end of every month for 2
years at 6% compounded quarterly?
a. ₱101,273.12 c. ₱98,664.22
b. ₱99,155.91 d. ₱95,009.41
___ 10. Find the present value of an annuity which pays ₱2700 at the end of every 3 months
for 6 years, if the money is worth 18% compounded monthly?
a. ₱40,982.64 c. ₱30,018.13
b. ₱38,874.17 d. ₱25,919.12

ACTIVITY #2: Scaffold for Performance Task. (The following rubric will be used for scoring).
Rubric for Problem Solving
Score Descriptors
Used an appropriate strategy to come up with a correct solution and arrived at a correct
5
answer.
Used an appropriate strategy to come up with a solution. But a part of the solution led to an
4
incorrect answer.
Used an appropriate strategy but came up with an entirely wrong solution that led to an
3
incorrect answer.
Attempted to solve the problem but used an inappropriate strategy that led to a wrong
1-2
solution.

Gen.Math-11 - Page 14 of 15
I. Simple Ordinary Annuity

Direction: Calculate the future value of #1 and present value of #2.

Principal Interest Rate Mode of Payment Length of Annuity

1. ₱ 3,000 7% Monthly 5 years
2. ₱ 5,000 3.6% Semi-annually 10 years

II. Simple Annuity Due

Direction: Calculate the future value of #3 and present value of #4.

Principal Interest Rate Mode of Payment Length of Annuity

3. ₱ 5,000 8% Monthly 3 years
4. ₱ 2,000 6% Quarterly 10 years

Gen.Math-11 - Page 15 of 15