1 |D I A M O N O N
SENIOR HIGH SCHOOL
University of Bohol
Tagbilaran City
November 9-20,
SUBJECT General Mathematics DATES COVERED
2020
GRADE LEVEL 11 QUARTER Second
SEMI-FINALS - MODULE 3
LESSON 5 SIMPLE AND COMPOUND INTEREST
ANNUITY
CONTENT STANDARD Learners demonstrate an understanding on the key concepts of simple and
compound interest, and simple and general annuities.
PERFORMANCE Learners shall be able to investigate, analyze and solve problems involving
STANDARD
simple and compound interests and simple and general annuities using
appropriate business and financial instruments.
ESSENTIAL TOPIC 1. Simple and Compound Interest
2. Annuity
ESSENTIAL 1. Illustrates simple and compound interest
COMPETENCY
2. Distinguishes between simple and compound interest.
3. Computes interest, maturity value, future value and present value in
simple interest and compound environment.
4. Solves problems involving simple and compound interest
5. Illustrates simple and general annuities.
6. Distinguishes between simple and general annuities.
7. Finds the future value and present value of both simple annuities and
general annuities.
8. Calculates the fair market value of a cash flow stream that includes
an annuity.
Performance Task Building A Budget
RUBRIC:
Excellent Proficient Adequate Limited Insufficient
Level
5 4 3 2 1
Criteria
Creates a Creates a Creates a
Creates a No score is
perceptive thoughtful basic budget
questionable awarded
Prepare budget and budget and and provides a
budget that because there
personal provides an provides a reasonable
provides a is insufficient
budget astute credible justification of
flawed evidence of
justification for justification for amounts
justification of student
the amounts the amounts allotted to
the amounts performance
allotted to each allotted to each each category.
allotted to each based on the
category. category.
category. requirements of
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
2 |D I A M O N O N
Provides a the assessment
Provides a Provides a Provides an
compelling task.
credible simplistic inconclusive
Select bank explanation for
explanation for explanation for explanation for
account selecting the
selecting the selecting the selecting the
bank account.
bank account. bank account. bank account.
Selects and
Selects and Selects and Unable to select
correctly
correctly correctly correct formula
Manipulate manipulates
manipulates manipulates and/or unable
a formula formula;
formula; applies formula; to apply it to
to solve a applies it in an
it in a applies it in a solve the
problem accurate
substantially partially problem.
manner to
correct manner correct
solve the
to solve the manner to
problem.
problem. solve the
problem.
Provides a Provides a Provides a Provides an
precise logical basic inaccurate
Explain
explanation to explanation to explanation to explanation to
simple
account for the account for the account for the account for the
compound
difference in difference in the difference in difference in the
interest
the amount of amount of the amount of amount of
money money money money
accumulated. accumulated. accumulated. accumulated.
PRE – TESTING HOW MUCH I KNOW
CHECK YOUR KNOWLEDGE USING THE FOLLOWING GUIDE QUESTIONS:
1. What is simple and compound interest?
2. How to distinguish simple and compound interest?
3. How to compute interest, maturity value, future value and present value
in simple interest and compound environment?
4. What is simple and general annuity?
5. How to distinguish simple and general annuity?
6. How to compute the future value and present value of both simple
annuities and general annuities?
7. How to calculate the fair market value of cash flow stream that includes
an annuity?
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
3 |D I A M O N O N
STUDENT READINGS and CONCEPT BUILDING
BOOK REFERENCE: Next Century Mathematics GENERAL MATHEMATICS by Phoenix
Publishing House
For “Simple and Compound Interest”, read pages 2-20 of Unit 6.
For video reference, visit https://www.youtube.com/watch?v=gyiiqUQgEeA,
https://www.youtube.com/watch?v=NCYNXkbTTUo , https://www.youtube.com/watch?v=P182Abv3fOk and
https://www.youtube.com/watch?v=wpSF8UoWHzI .
For “Annuity”, read pages 25-37 of Unit 6.
For video reference, visit https://www.youtube.com/watch?v=joBu9TnFngQ,
https://www.youtube.com/watch?v=5n_JBf-9ohA, https://www.youtube.com/watch?v=xZlortwSdSg and
https://www.youtube.com/watch?v=JkgBbZRiE3g .
CLASS WORK and FORMATIVE
Answer of the following:
1. Exercise 6.1 Mathgroupie All ODD Numbers pages 22-23
2. Exercise 6.2 Mathselfie and Mathgroupie Numbers 1-25 pages 38-39
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
4 |D I A M O N O N
ASSESSING CONTENT
Topical Summative Test
A. Solve for the following:
a. On March 20, 2016, Jen borrowed P36,500 from Tom. She promised to pay the
principal and 11.75% simple interest on November 15, 2016. How much will Tom
receive on the said date?
b. Ria lends P50,000 to Kim on October 1, 2015. She expects Kim to pay the principal
and simple interest at 9% to fully settle the debt on March 28, 2016. What amount
does Ria receive?
c. How long will it take P24,000 to increase to P30,000 if the simple interest rate is 6.5%?
d. Find the principal which will amount to P3,066,000 in 3 years at 9.25% simple interest
rate.
e. Find the maturity value if P25,000 is invested from October 15, 2016 to December 15,
2017 at a simple interest rate of 14%
f. A personal computer was bought on installments – P5,000 down payment and the
balance of P22,000 in 2 years. What is the cash price if the interest rate is 20%
compounded quarterly? (Note: Cash price = down payment (if any) + present value
of the balance)
g. Find the compound amount if P82,000 is invested at 11% compounded quarterly for 3
years and 5 months.
h. On April 15, 2016, Justin borrowed P1.4M. He agreed to pay the principal and the
interest at 8% compounded semi-annually on July 15, 2021. How much will he pay
then?
i. Find the present value of P54,000 due in 3 years and 8 months if money is worth 12%
compounded semiannually.
j. As debt payment, P15,000 is due in 4 years and 7 months. If the debtor wishes to
repay the debt now, and the lender applies 9% compounded semiannually when
discounting debts, how much would he have to pay?
k. Emma borrowed P1.3M from a finance company that charges interest at 16%
compounded semiannually. She promised to pay off the loan in 18 semiannual
payments. The first payment is to be made at the end of 2 years. Find her semiannual
payment.
l. Loi takes out a P350,000 bank loan and plans to pay it off in 36 months payments. The
first payment is to be made at the end of 3 months. If the bank charges 11%
compounded every month, find the monthly payment.
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
5 |D I A M O N O N
m. How much money should be set aside today to provide an income of P11,200 a
month for 4 years if the first payment is to be made at the end of 3 years and 6
months and money is worth 12% (m=12)?
n. A house and lot can be bought for P500,000 down payment and 25 quarterly
payments of P9,215 each. The first installment is due at the end of 2 years and 6
months. If money is worth 12% compounded quarterly, how much is the cash value
of the house and lot?
o. The PC Shop obtains a loan from a finance company. It is to be repaid by quarterly
payments of P50,000, the first of which is due at the end of 2 years and the last at the
end of 6 years. If the interest rate of the loan is 16% compounded quarterly, how
much is the amount borrowed?
p. Find the future amount of an annuity of P3,000 at the end of each month for 5 years
at 8% compounded quarterly.
q. A company wishes to have P15 million in a fund at the end of 10 years. What deposit
at the end of each year must they make, if the fund earns 12% compounded
quarterly?
r. A lot is sold for P1.8 million down payments and then six semiannual payments of
P300,000; the first is due in 2 years’ time. Find the cash value of the lot today if money
is worth 16% compounded quarterly.
s. Payments of P100,000 are made into an investment account at the end of each year
for 5 years. Find the future accumulated value of these payments 4 years after the
last payments if interest is earned at 6% compounded monthly.
t. Find the present value and amount of an annuity of P12,000 payables at the end of
every 6 months for 5 years if money is worth 16% compounded quarterly.
ASSESSING PERFORMANCE
Performance Task with RUBRIC
Mary and Mediatrix are twins in high school, both having started new jobs.
Their parents have asked each of them to create a budget that will cover their
expenses and allow for 30% to be saved and 7% donated to charity.
WORK PROFILES FOR EACH TWIN:
Mary Mediatrix
18 hr/wk at Novy’s Fast Food 15 hr/wk at Nina Grocery
restaurant
Minimum wage plus 150php/hr Minimum wage
Eligible for a 1,500php/hr raise every 600php bonus semi-annually and
6 months annual raise of 250php/hr
Assume each twin has 15% withheld from their gross pay each pay
period for taxes and deductions.
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6 |D I A M O N O N
BUILD A BUDGET:
Take on the role of one of the twins and create a balanced personal budget to
account for the expenses identified on the next page. Describe how you decided on
the amount to allocate to each category.
Note: You are asked to account for the 9 items that are identified as common
expenses for each twin.
Also, you are to include the one item that is identified as an
item that is exclusive for each twin (either the gas for Mary or
the magazines for Mediatrix).
In addition to this, you are to choose one additional expense
of your own liking that you think would be reasonable for
someone of this age in your neighbourhood.
Select the bank account that would work best for you at a
public bank. What made you choose it over other options?
Explain why there is a difference in the amounts of
compound interest you will have accumulated at the end of
5 years of investment. After the first year, the plan is to invest
your savings accumulated in a GIC, (guaranteed investment
certificate) at 2.5% for 5 years. You have two options:
Compound monthly or annually? Why would a person choose
to invest either way?
Manipulate the simple interest formula to calculate the
rate a simple interest savings account would have to offer for
you to earn the same interest as a GIC that paid 332.50php
interest on 2500php for the 5-year term?
Present this information to the parents in a format of your choice. Clearly
communicate your projected budget and portray your understanding of banking and
investment options available to you. Include any graphs, charts, tables,
spreadsheets and/or calculations that will support the detail in your budget. Explain
any assumptions you may have made.
Here is the list of budget categories for you to account for:
Lunch at school cafeteria (2x/wk)
Restaurant meals
Bank fees
Clothing
Cell phone
Movies/Entertainment
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
7 |D I A M O N O N
Gifts
Savings
Charitable donations
Also, (choose one applicable):
Gas (Mary’s scooter uses 3L/week)
Teen Magazine Subscription (Mediatrix)
Finally,
Include a typical expense for someone your age - your choice!
Level Excellent Proficient Adequate Limited Insufficient
5 4 3 2 1
Criteria
Creates a Creates a Creates a basic
perceptive thoughtful budget and Creates a No score is
budget and budget and provides a questionable awarded
Prepare personal budget that because
budget provides an provides a reasonable
astute credible justification of provides a there is
justification for justification for the amounts allotted flawed insufficient
the amounts amounts allotted to to each category. justification of the evidence of
allotted to each each category. amounts allotted student
category. to each category. performance
based on the
requirements
Provides a of the
compelling Provides a credible Provides a Provides an
explanation for simplistic inconclusive assessment
Select bank account explanation for task.
selecting the bank selecting the bank explanation for explanation for
account. account. selecting the bank selecting the bank
account. account.
Selects and
correctly Selects and Selects and Unable to select
manipulates correctly correctly correct formula
Manipulate a formula manipulates manipulates and/or unable to
to solve a problem formula; applies it
in an accurate formula; applies it formula; applies it apply it to solve
manner to solve in a substantially in a partially the problem.
the problem. correct manner to correct manner to
solve the problem. solve the problem.
Provides a Provides a logical Provides a basic Provides an
precise explanation to explanation to inaccurate
Explain simple explanation to account for the account for the explanation to
compound interest account for the difference in the difference in the account for the
difference in the amount of money amount of money difference in the
amount of money accumulated. accumulated. amount of money
accumulated. accumulated.
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
8 |D I A M O N O N
GENERALIZING CONCEPTS
POST-TESTING HOW MUCH DID I LEARN:
1. What is simple and compound interest?
2. How to distinguish simple and compound interest?
3. How to compute interest, maturity value, future value and present value
in simple interest and compound environment?
4. What is simple and general annuity?
5. How to distinguish simple and general annuity?
6. How to compute the future value and present value of both simple
annuities and general annuities?
7. How to calculate the fair market value of cash flow stream that includes
an annuity?
STUDENT’S NOTES and TAKEAWAYS
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
9 |D I A M O N O N
SELF LEARNING CHECKLIST
ACHIEVED – NOT ACHIEVED
CHECK TEACHER’s REMARKS
TARGETS MARK X
MARK
Simple and Compound Interest
Annuity
TEACHER’s REMARKS
FORMATIVE-SUMMATIVE ASSESSMENTS ACHIEVED – NOT ACHIEVED
Did I accomplish all activities in the
class work?
Did I get 75-100% score in the
summative assessment
Did I accomplish all performance
tasks?
AS A UBIAN, HOW WILL I USE MY KNOWLEDGE OF SIMPLE AND COMPOUND INTEREST,
AND ANNUITY TO MY DAY TO DAY LIFE?
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
10 |D I A M O N O N
Bibliography
Book:
Orines, F. (2016). Next Century Mathematics GENERAL MATHEMATICS. Phoenix Publishing
House, Inc.
UNIVERSITY SENIOR HIGH SCHOOL: A vibrant University High School nurturing lives for a great future. Fulfilling pre-university experiences. SY 2020-2021
