General Mathematics: I.2 Learning Activities
General Mathematics: I.2 Learning Activities
General Mathematics: I.2 Learning Activities
GINGOOG CITY
GENERAL MATHEMATICS
MODULE 5
Mr. Jerry Clark Ian C. Cabuntucan
Teacher
TABLE OF CONTENTS
UNIT 2: MATH OF INVESTMENTS
Chapter 4: Interests and Annuities
Self-Assessment
Analysis Questions
I will be able to
Illustrate simple interest.
Compute interest, maturity value and present value in simple interest.
Solve problems involving simple interest.
Interest is the amount that you will pay as you borrow money or
something to a lender. It is the profit that the lender have once they lent
you money. It is where they are interested in, thus, the term interest.
Formulas:
Simple Interest I
I =Prt
1|Page r t
P
where
I =interest
P=Principal – It is the initial amount that we borrowed
r =interest rate – It is the rate of how much interest is added (in %)
t=time∨term ∈ years∨fraction of a year . – The time taken for adding the amount
Of the interest.
I I I
(a) P= (b) r = c. t=
rt Pt Pr
Maturity Value or (Amount or Balance)- It is the sum of the principal amount and
the interest. The total money that you will
pay to the lender.
A=P(1+rt)
The difference between the two is the number of days in a year used in
calculating the interest. Ordinary interest is uses 360 days in a year due to the
fact that we are counting a month as 30 days and 30 X 12 = 360 days. On the other
hand, exact interest follows the number of days in a year based on the calendar
which is 365 days.
Solutions:
(b) We are given P= ₱ 120,000, r =8 %∨0.08, and t=9 months . In order to solve for
the interest, we need to convert months in to factions of a year. To do
that, we will divide the months to 12 since there are 12 months in a
9
year. t= year
12
Thus,
2|Page
I =Prt=( 120,00 ) ( 0.08 ) ( 129 )=₱ 7,200
18
(c) We are given P= ₱ 120,000, r =8 %∨0.08, and t=18 months∨ year . Thus,
12
A=P(1+rt)
[
A=( 120,000 ) 1+(0.08) ( 129 )]= ₱ 127,200
Thus, the total amount that Teresa will pay after 9 months is ₱ 127,200 .
I will be able to
Illustrate compound interest
Compute interest, maturity value, and present value in compound
interest
Solve problem involving compound interest
Compound interest is interest calculated on the principal and also includes all
of the accumulated interest of previous periods of a deposit or loan.
3|Page
money is in your account you are earning interest on each previous year’s
interest. This means that not only are your savings growing over time, but that
the rate at which they grow gets faster as well.
We can see this in action by taking some basic figures – for example, if you
deposited ₱1,000 at a rate of 10%, at the end of year one you would have ₱1,100
(using the formula in finding the simple interest), equalling ₱100 of interest
earned. The following year you would earn ₱110 in interest – 10% of the original
capital and 10% of the year one interest. The next year would be ₱210 and so on.
Where
Example 1:
Solution:
4|Page
nt
r
( )
A=P 1+
n
Use the formula
4 (5)
0.08
A=320,000 1+ ( 4 ) Substitute the values of each parameters
20
A=320,000 ( 1+0.02 ) simplify the equation
A=₱ 475,503.17
The compounded amount is ₱ 475,503.17 that means for 5 years she will earn
that amount given by the interest rate and how it is compounded.
(b) To find the compound interest, we are going to subtract the initial
principal to the compounded amount.
SELF-ASSESSMENT
Activities/Exercises (READ THE GENERAL DIRECTION CAREFULLY)
General Direction:
Write the questions, your answer, and complete solution in a clean yellow paper.
If you have multiple pages make sure to staple or fasten it.
Keep this module for your own reference.
Your paper must contain the following: Week Number at the top, Name, Grade and Section,
Your personal mobile number (for oral assessment), and the date you finished the module
1. Carmen invested ₱50,000.00 at 10.5% simple interest rate for 36 months. Find
the interest and the amount at the end of the term.
A. Find the compounded amount or future value and the compound interest of the
indicated principals.
5|Page
1. ₱30,000.00 at 8% compounded quarterly for 3 years.
38,047.25
2. ₱51,000.00 at 8.5% compounded anually for 10 years.
115,310.16
3. Glynda deposites ₱5,000.00 in a savings account which pays 5% compounded
annually. The money is left for 3 years. Find the account balance at the end
of 3 years.
6,381.41
PERFORMANCE TASK
Group of 5 Members, output must be printed and to be submitted during
module submission. Title: Calculating Interest of Lending Services
Find someone (in your family, friends or relatives) who has an experience
on borrowing or lending money. Fill the following information to know your
relationship to that person by answer the following question:
A. Interview that person by following the questions given below and write
them in the space given:
1. Have you ever experience borrowing or lending money?
2. How much have you lent or borrowed?
3. What is the interest rate of the lender?
4. What is the term or the time in which you paid you amount?
B. Based on the data you collected, Find the simple interest and the
maturity value of the person whom you interviewed.
C. Write you insights on the investigation you did.
SUMMARY/ACTION
MATH JOURNAL: Write insights for all the things you learned in the module.
(Minimum of 3 sentences)
References:
Versoza, D.B. et al.(2016) Teaching Guide for Senior High School General
Mathematics. Quezon City: Commission on Higher Education
Oronce, O. My Skill Builder: General Mathematics. Manila: Rex Book Store
Websites:
https://www.mathwarehouse.com/sheets/algebra-2/functions-and-relations/inverse-functions-
worksheet.php
https://www.mathwarehouse.com/sheets/algebra-2/functions-and-relations/inverse-functions-
worksheet.php
6|Page