Lesson Plan in General Mathematics

Senior High School – Grade 11

I. Objectives:
At the end of the lesson, the students should be able to:
1. illustrate compound interest (M11GM-IIb-1);
2. solve problems involving compound interest(M11GM-IIb-2); and
3. appreciate the value of saving and wise spending.

II. Subject Matter

1. Topic: Compound Interest

2. References: General mathematics. Rex Books Store 2016 p. 144-150

3. Materials: Downloaded Illustrations, Visual Aids, Students’ Worksheets

III. Procedure
A. Activity

1. Present the following situations.

Ruby graduated from the Senior High School. Unfortunately,
her parents have no enough money for her college education. So they
decided to borrow from a lending company which gives them 3
different options:
1. Php. 110,000 at an annual simple interest rate of 4%
payable in 5 years
2. Php. 110,000 at a compound interest rate of 4% payable in
5 years
3. Php. 110,000 at interest rate of 4% compounded quarterly
payable in 5years

Which option offers the least total amount after they have made all
the payments?

B. Analysis
Based on situation above, ask the students the following questions:
1. If you borrow a certain amount from a bank or a lending institution, do
you pay the same amount?
2. What do you call the additional amount that you pay for your loan?
3. In the problem, what are the different factors that the parents of Ruby
should consider before making a decision?

C. Abstraction
1. Illustrate compound interest.
 2. Provide illustrative examples and application.
a. After receiving her 14th month pay, Jam decided to save a part of
her bonus for future use. She deposits Php. 15,500 in an account
that pays 3.7% interest compounded annually. If she keeps the
money in the account, how much will Jam have in her account
after two years?
b. Alan saved his money in the bank that gives 5% interest
compounded annually. He withdraw his money after 8 years and
it became Php.100,000. How much money did he actually save?
c. Michelle borrowed Php.120,000 from a lending institution that
imposes 6.5% interest rate compounded annually. She plans to
pay this amount after 6 years. How much will she pay ?
d. What amount must be deposited by a student in a bank that pays
5% compounded annually so that after 12years he will have
Php.200,000?
3. Let the students solve for the problems c and d, and ask them to work
in pairs using the PTA (Peer-Tutor Approach).

D. Application

“Road-Two-Forever ” A Compound Interest Maze

By pair applying PTA (Peer-Tutor Approach), the students will solve compound
interest problems to find the road to “FOREVER”.

E. Assessment

Answer the following problems in ½ sheet of paper.

1. In order to buy a new gadget, Maria decided to borrow Php 5, 000 at
an interest rate of 8% compounded annually. After two years, how
much interest does she need to pay?
2. Jose deposited Php 10, 000 today in a bank providing an annual
interest rate of 6% compounded yearly. How much money will Jose
have in his bank account after 12 years?

F. Assignment
1. Differentiate Present Value and Future Value of situations using
compound interests.
2. Ask the students to give sample problems involving Present Value of a
compound interest.

Prepared by: Checked by: Noted:

MICHAEL T. SINGSON TORIANO L. ATCHUELA MAGDALENAP. LAYUGAN

Master Teacher II Asst. School Principal II School Principal II