General

Mathematics
Grade 11
Match the terms in column A with the correct
definitions
in Column B. You may choose more than one (1)
answer
from column B.
Column Column B
A
1) Principal A. time money is borrowed

2) Term B. amount paid or earned for the

use of money
3) Interest C. percentage of increase of
investment
4) Maturity value D. amount of money borrowed or
invested
5) Interest rate E. amount received on repayment

  F. amount received on repayment

Match the terms in column A with the correct
definitions
in Column B. You may choose more than one (1)
answer
from column B.
Column Column B
A
D 1) Principal A. time money is borrowed

A 2) Term B. amount paid or earned for the

use of money
B 3) Interest C. percentage of increase of
investment
F 4) Maturity value D. amount of money borrowed or
invested
C 5) Interest rate E. amount received on repayment

  F. amount received on repayment

Solves problems involving simple
interest and maturity value.
Objective:
a) Master the formula in solving simple interest
problem.
Objective:
a) Master the formula in solving simple interest
problem.
b) Identify the known and unknown of the problem.
Objective:
a) Master the formula in solving simple interest
problem.
b) Identify the known and unknown of the problem.
C) Apply the formula in solving the simple interest
problem.
Word problems
1. A bank offers 3% 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 a year?
2. How much interest is charged when P50,000 is
borrowed for 6 months at an annual simple interest
rate of 10%?
3. Myla deposited P5,000 in a bank paying 9% simple
interest for 3 years? How much would she have in her
account at the end of three years?
Word problems
1. A bank offers 3% 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 a year?
I = Php30, 000
2. How much interest is charged when P50,000 is
borrowed for 6 months at an annual simple interest
rate of 10%?
I = Php2,500
3. Myla deposited P5,000 in a bank paying 9% simple
interest for 3 years? How much would she have in her
account at the end of three years?
I = Php1,350
F = Php 6, 350
1) In answering math problems, what are the
steps/points that you are going to
consider?
2) What formula/equation you are going to use in
answering the first and the second problems/
questions?
3) How are you going to get the value of the time
when the given are only the rate, principal,
and its interest?
1) In answering math problems, what are the
steps/points that you are going to
consider?
 Read and understand the problem
 Identify on what are the known and unknown variables on the given
problem.
2) What formula/equation you are going to use in answering the
first and the second problems/ questions?
 Know /master the formula to be used.
3) How are you going to get the value of the time when the
given are only the rate, principal, and its interest?

 Write the following:

a) variable (known) b) formula c) substitute the given value of the
variables to the equation/formula.
Then, solve the missing /unknown variable. You can derive the
formula if you want.
Example:

1) How much interest is earned when an

amount of P 20, 000 is invested with an annual
interest rate of 4% for 5 years? How much
amount will the investor received in 5 years?
2) An investment earned 11.25 interest after 9
months. The rate was 5%. What was the
principal?
 Solution:
Given:
P = P20, 000
r = 4% or 0.04
t = 5 yrs.
I=?
a)  To solve for the interest,
I = Prt
I = (P20, 000) (0.04) (5)
I = P 4,000.
The simple interest of P20, 000 will earn a simple interest of P40, 000.
 
b) To solve for the accumulated value,
A=P + I
A = P20, 000 + P 4,000
A = 24, 000.
The investor will receive an amount of P24, 000.
2) An investment earned 100 interest after 2 years.
The rate was 10%. What was the principal?

Solution:
Given:
r = 10%
t = 2 yrs.
I = 100
P=?

Solving the Interest,

I = Prt
100 = (P) (0.1) (2)

 
P =
 
P =
 
P = Php 500..
Group Activity:
1) How many years would it take for P6, 000 to grow until P7,
900
if it is invested at a 9% simple interest?
2) How much was borrowed if the interest at 2% after 6 months

is P 400?
3) Neil Artiaga’s Bank granted him a P250,000 loan payable for 2
years at 5% interest? How much money does Neil owe on the

maturity date?
4) Suppose you invest P1000 at 8% simple interest. How much
money will you have after 6 years?
 Group Activity:
1) How many years would it take for P6, 000 to grow until P7, 900
if it is invested at a 9% simple interest?
Given:
P = 6,000 a) I = F - P
F = 7900 I = P7900 - P6,000
r = 9% I = P1,900.
 t=?

b) I = Prt
1900 = (P6,000)(0.9)(t)
= t
 
t =
 
t =
 
t = 3.52 or 3.5 years.
 
 Group Activity:
2) How much was borrowed if the interest at 2% after 6 months is P400?
 
a) 6 mos. = = = 0.5

b) I = Prt

 
P =
 

 
P = P40, 000. The principal /money borrowed was P40, 000.
 
Group Activity:
3) Neil Artiaga’s Bank granted him a P250,000 loan payable for 2
years at 5% interest? How much money does Neil owe on the

maturity date?
a) I = Prt
I = (P250, 000)(0.05) (2)
I = 25, 000.

b) A = P + I
A = P 250, 000 + 25, 000
A = 275, 000.
Group Activity:
4) Suppose you invest P1000 at 8% simple interest.
How muchmoney will you have after 6 years?

a) I = a (1000) (0.08) (6)

I = 480.

b) A = P + I
A = 1000 + 480
A =1, 480. The amount of money after 6 years.
 Solve the following problems:
1) Jessie has 750 in a savings account
that pays 3% simple interest. How
much interest will he earn in 4 years?

2) Cory borrows $1,200 from the bank for

a riding lawn mower. The interest rate

is 8% per year. How much simple
interest will he pay if he takes 2 years
to repay the loan?
 Solve the following problems:
1) Jessie has 750 in a savings account that pays 3% simple
interest. How much interest will he earn in 4 years?
Given :
P = P 750
r = 3%
t = 4 years
I = ?
I = Prt
I = (750) (0.03) (4)
I = 90. Jessie will earn 90 interest in 4 years.
 Solve the following problems:
2) Cory borrows 1,200 from the bank for a riding lawn mower.
The interest rate is 8% per year. How much simple interest
will she pay if he takes 2 years to repay the loan?
Given:
P = P1, 200
r = 8%
t = 2 years
I=?
Solving the simple interest,
I = Prt
I = (1,200) (8%) (2)
I = 192.
Cory will pay 192 interest in 2 years.
Assignment:
Study in advance and familiarize the equation on the next
topic, Compound interest.
Concluding Activity:
Thank you!