SUBJECT MATHEMATICS
THEME STATISTICS
TOPC EVERYDAY ARITHMETIC
SUB – TOPIC SIMPLE INTEREST
DATE 16– 11 – 2022
TIME (8:40 – 10:00)AM
DURATION 80 MINUTES
CLASS JS 2H
NO. IN CLASS 95
AVERAGE AGE 13 YEARS
SEX MIXED
LEARNING OBJECTIVES: By the end of the lesson the students should be able to:
1. Calculate simple interest on savings and loans.
2. Calculate PAYE and VAT taxes on incomes, goods and services.
3. Use percentages to calculate the costs and benefits arising from various commercial
transactions, e.g( Profit and Loss, discount, commission)
RATIONALE: Knowledge of Everyday Arithmetic will helps the students in their future endeavors
such as statistics, accounting and businesses.
PRE-REQUISITE KNOWLEDGE: The students are familiar with bills such as electricity and water
bills.
REFERENCE MATERIALS: New General Mathematics for JSS 2, M.F Macrae et al, Chp 10, Pg 87
LESSON DEVELOPMENT
INTRODUTION
MODE Entire class
TEACHER’S ACTIVITIES: The teacher introduces the lesson by reviewing the previous lesson
STUDENTS’ ACTIVITIES The students participate actively in the lesson revision.
STEP 1:
MODE Entire class
TEACHER’S ACTIVITIES: He talks about importance of saving money in the banks and collection of loans
and what it takes to save and collect loans.
STUDENTS’ ACTIVITIES: They listen attentively and participate actively in the teacher’s explanation
STEP 2:
MODE Entire class
TEACHER’S ACTIVITIES: He talks about simple interest (S I) and explains the formula.
Simple Interest (S I) = P x T x R /100 where P = Principal, T = Time, R = Rate in percentage
STUDENTS’ ACTIVITIES: They listen attentively and contribute actively to the lesson.
STEP 3:
MODE Entire class
TEACHER’S ACTIVITIES: He solves an example on the white board.
Example 1. Find the simple interest on $ 60 000 for 5 years at 9%
Solutions: Principal = $ 60 000, Time = 5years and Rate = 9%
S.I = P x T x R /100 = $ 60 000 X 5 X 9/100
Interest for 1 year = $ 60 000 X 1 X 9/100 = $ 5 400
Interest for 5 years = $ 5 400 X 5 = $ 27 000
STUDENTS’ ACTIVITIES: They listen attentively and identify points . They write the examples written on
the white board.
EVALUATION:
MODE Entire class
TEACHER’S ACTIVITIES: He gives the students class work on the lesson taught.
EXERCISE 1: Find the Simple Interest on the following
1. # 40 000 for 1 year at 5% per annum.
2. # 10 000 for 3 years at 6% per annum.
STUDENTS’ ACTIVITIES: They solve the exercise given by the teacher using the teacher’s examples given
above.
CONCLUSION:
MODE Entire class
TEACHER’S ACTIVITIES: He goes round the class to guide the weak students, he marks their works and
writes corrections on the white-board.
STUDENTS’ ACTIVITIES: They solve the exercise given by the teacher, submit it for marking and as well
write the corrections in their note books.
ASSIGNMENTS
MODE Entire class
TEACHER’S ACTIVITIES: He gives the following exercise as home work.
Find the Simple Interest on the following:
1. $ 70 000 for 2 years at 6% per annum.
2. # 35 000 for 4 years at 3% per annum.
STUDENTS’ ACTIVITIES: They copy the assignments and take home and solve.
