Name of

ANDRIE PHILIP T. Grade FIRST YEAR

Teacher
VILLACUER Level
7:00 AM-8:00 AM/ November School
Time/Date 28, 2024 Year 2024 – 2025
Learning
Quarter / Second Term MATHEMATICS
Area
Week
I. CURRICULUM CONTENT, STANDARDS AND LESSON COMPETENCIES
A. Content The learners demonstrate understanding of financial
Standards literacy concepts, particularly the application of
percentages in solving simple interest problems related
to savings, loans, and investments.
B. Performance The learners are able to apply the concept of simple
Standards interest in making informed financial decisions, including
calculating interest for savings and loans, comparing
financial options, and solving real-life money-related
problems.
C. Learning Learning Competencies
Competencies solve money problems involving percentages in real-
and Objectives life contexts, such as simple interest, loans, savings,
and investments.

Learning Objectives:
The students should be able to
1. Define simple interest.
2. Identify the principal, rate of interest, and time
period in simple interest calculations.
3. Use the simple interest formula to calculate
interest in different scenarios.
4. Solve word problems involving simple interest.
5. Appreciate the importance of simple interest in
making financial decisions.
D. Content Simple Interest: Definition, formula, and components
(principal, rate, time, interest).
E. Integration Mathematics: Application of multiplication and division in
solving for interest.
Financial Literacy: Understanding the role of simple
interest in managing savings and loans.
II. LEARNING RESOURCES
Cuemath. (n.d.). Simple Interest. Retrieved November 25, 2024, from
https://www.cuemath.com/commercial-math/simple-interest/
III. TEACHING AND LEARNING PROCEDURE
A. ENGAGE Activity: "The Interest Question”

Objective:

To instantly pique students' interest and get them thinking

about how money grows over time.

Materials Needed:
  Whiteboard marker
 A scenario card or Handout
 Whiteboard
Setup and Instructions:

1. Introduction:
 Present the scenario to the class:
"Imagine you put ₱1,000 in a special account, and
after 1 year, you receive an extra ₱100 for keeping
it there. How do you think the extra money was
added to your ₱1,000?"
2. Student Responses:
 Ask the students to think about it for a
moment and respond with their guesses
(e.g., "Interest," "A gift," "A reward," or "The
bank just gives it to you").
 Write the students' guesses on the board to
encourage participation.
3. Quick Discussion:
 Once a few responses are shared, say: "Great
guesses! Today, we’ll learn exactly how and
why this extra money is added, and what
causes your money to grow like this."
4. Reflection and Connection to Simple Interest:
 Transition into the lesson: "This extra money is
called 'simple interest,' and we will learn how to
calculate it and how it makes your money grow
in the real world!"
 Briefly explain that today's lesson will teach them
the process behind how the extra ₱100 is calculated
over time.
B. EXPLORE Activity: “Interest Investigation”

Objective:
To allow students to explore the concept of simple interest
through a hands-on activity, encouraging them to discover
the relationship between principal, time, and interest.

Materials Needed:

 Whiteboard/Markers
 Pre-made simple scenarios on index cards (or Power point
presentation)
 Small groups or pairs of students

Setup and Instructions:

1. Introduction:
 Present on the class:
 "If you save money, it grows over time. The more
time you leave it, the more it grows, but the
amount you start with also matters!"
 Tell students that in this activity, they will figure out
how money grows over time based on different
scenarios.
2. Distribute Scenarios:
 Give each group a card with one of the
following scenarios:
o "You save ₱1,000 in a bank for 1
year, and after 1 year, you have
₱1,050. How much extra money did
you earn?"
o "You save ₱2,000 for 2 years, and after 2
years, you have ₱2,200. How much extra
money did you earn?"
o "You save ₱500 for 3 years, and after 3
years, you have ₱550. How much extra
money did you earn?"
3. Group Work (8 minutes):
 In their groups or pairs, students should:
1. Identify how much extra money (interest)
they earned from each scenario.
2. Discuss how they think the amount of
money and the time affected how much
interest was earned.
3. Write down their thoughts on how the
money grew. (Guide them with questions
like: "Do you think the longer you leave the
money, the more interest you get?" and
"Does the amount you start with matter?")
4. Class discussion (5 minutes):
 After 8 minutes, bring the class back together.
 Ask each group to share their answers and explain
why they think the money grew the way it did.
 Write their responses on the board to show how
interest is linked to the principal and time.
 Ask: "Why do you think time and the initial amount
of money are important in how the money grows?"
C. EXPLAIN Step 1: Introduction to Interest

1. Begin the discussion by asking:

"In the context of money, where do you commonly see
percentages?"
 Allow students to share their thoughts, such as
interest rates at banks, discounts, or additional
charges on loans.
 Write their answers on the board to build
connections.
2. Say:
"Among these examples, one of the most significant
uses of percentages in finance is interest. Today, we’ll
focus on simple interest, which is the easiest type of
interest to calculate and commonly used in savings
accounts and loans."

Step 2: Clarifying Interest Concepts

1. Explain the two primary roles of interest in finance:

 Borrowing:
"Interest is the extra money you pay when you
borrow money. For example, if you borrow
₱1,000 from a bank, they might charge you
extra money as a cost for borrowing."
 Saving or Investing:
"On the other hand, when you save money in a
bank, the bank pays you interest as a reward for
keeping your money there."
2. Use a simple example to clarify:
 "If you deposit ₱1,000 in a savings account and
the bank gives you 5% interest per year, you
earn extra money just for keeping it there."

Step 3: Introducing the Simple Interest Formula

1. Present the formula on the PPT:
I=P×r×t
 I: Interest (the extra money earned or paid).
 P: Principal (the initial sum of money saved or
borrowed).
 r: Rate (the annual interest rate as a decimal).
 t: Time (how long the money is borrowed or
invested, in years).
2. Explain each component:
 Principal (P): "This is the base amount of money
you start with, either invested or borrowed."
 Rate (r): "This is the percentage of the principal
that you either earn or pay in a year, converted
 into a decimal for calculation. For example, 5%
becomes 0.05."
 Time (t): "This represents the duration of the
investment or loan, usually in years. If it's in
months, we convert it to years."
 Interest (I): "This is the result of the calculation
— the extra money earned or paid based on the
principal, rate, and time."

Step 4: Introducing the Simple Interest Triangle

1. Present the Simple Interest Triangle on the board.
2. Explain how to use the triangle to rearrange the
formula:
 To calculate I (Interest): Cover I on the triangle.
The formula becomes I = P × r × t.
 To calculate P (Principal): Cover P. The formula
becomes P = I / (r × t).
 To calculate r (Rate): Cover r. The formula
becomes
r = I / (P × t).
 To calculate t (Time): Cover t. The formula
becomes
t = I / (P × r).

Step 5: Demonstration Problem

1. Present this problem to the class:
"If Maria borrows ₱10,000 at an annual interest rate of
6% for 2 years, how much interest will she pay?"
2. Solve it step-by-step:
Identify the components:
 P=₱10,000P
 r=6%=0.06
 t=2 years
3. Substitute into the formula:
I =P ×r ×t=Php 10,000.00 ×0.06 × 2=Php1,200.00
 Write the answer: "Maria will pay ₱1,200 in
interest."

Step 6: Guided Practice

1. Present a second problem:
"A loan generates ₱2,000 in interest at a rate of 5% over
4 years. What was the principal amount of the loan?"
2. Solve it using the triangle formula:
o Rearrange for P: P=I/(r×t)
o Substitute:
P= Php 2,000/(0.05×4)= Php 10,000
o Write the answer: "The principal was Php 10,000."
 3. Discuss the method and how the triangle helps
rearrange the formula.

D. Activity: "Financial Advisors in Action"

ELABORATE
Objective:
To apply the simple interest formula (and triangle) to solve
real-life financial problems and make informed decisions
collaboratively.

Materials Needed:
1. Scenario cards (or printed worksheets) with financial
problems requiring interest calculations.
2. Calculators
3. Chart paper or a whiteboard for group presentations.

Setup and Instructions:

1. Group Formation (2 minutes)

 Divide students into small groups (3–4 members).
 Assign each group the role of financial advisors helping
clients decide the best financial option based on simple
interest.
2. Distribute Scenarios (3 minutes)
 Provide each group with a scenario card that includes
different financial decisions.
 Encourage groups to analyze the scenarios using the
triangle formula to determine interest, principal, rate,
or time, as required.
3. Group Work (8 minutes)
 Groups calculate interest and other unknown
components using the formula: I=P×r×t or its
rearranged versions.
 Groups compare the options and decide the best
choice for their client.
 Each group prepares a brief presentation explaining:
o The calculations they performed.
o Their recommended choice and the rationale
behind it.

4. Group Presentations (5 minutes)

 Each group presents their scenario, calculations, and
decision to the class.
 Encourage them to use visual aids (e.g., charts, tables)
to illustrate their findings.
  Allow other groups to ask questions or provide
feedback on the reasoning.
5. Class Discussion (2 minutes)
Facilitate a discussion on the activity by asking:
 "What strategies did you use to solve the problems?"
 "How did the triangle formula help simplify the
process?"
 "Why is it important to compare options before making
financial decisions?"
Highlight key takeaways, such as:
 The importance of understanding interest to make
smart financial choices.
 How the triangle formula makes solving for different
components easier.

"Now that we’ve applied what we’ve learned, let’s assess your
individual understanding with some questions."

E. EVALUATE Written Quiz: "Quick Simple Interest Review"

Instructions for Students:

Solve the following problems. Show your complete solutions
for each question.
1. Calculate the simple interest on ₱5,000 at an annual
interest rate of 6% for 2 years. (5 points)
2. If ₱4,500 earns ₱540 in interest after 3 years, what is
the annual interest rate? (5 points)
3. A savings account offers 5% annual interest. If you
deposit ₱10,000 for 3 years, how much interest will you
earn?

Reflection Questions (5 points each)

4. What was the easiest part of calculating simple interest?
Why?
5. How do you think simple interest applies to decisions
about savings or loans in your life?

Prepared by:

ANDRIE PHILIP T. VILLACUER

Student of MTH 314 (1382)
UM Tagum College