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Quarter 2 - Module 2 General Mathematics

The document discusses interest, maturity, future, and present values in simple and compound interests. It begins with a conversation between two students, Janice and Jamaica, about saving money. Janice plans to open a bank account that pays 2.5% interest annually to save for college. The document then provides formulas for calculating simple interest and outlines learning activities involving interest concepts.

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Kristine Alcordo
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768 views

Quarter 2 - Module 2 General Mathematics

The document discusses interest, maturity, future, and present values in simple and compound interests. It begins with a conversation between two students, Janice and Jamaica, about saving money. Janice plans to open a bank account that pays 2.5% interest annually to save for college. The document then provides formulas for calculating simple interest and outlines learning activities involving interest concepts.

Uploaded by

Kristine Alcordo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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11 SENIORHIGH

DAVAO INSTITUTE OF TECHNICAL EDUCATION, INC

GENERAL MATHEMATICS
QUARTER 2
Module 2 - Interest, Maturity, Future, and Present Values in
Simple and Compound Interests

Name:

Grade and Section:


Module 2 - Interest, Maturity, Future, and Present Values in Simple and
Compound Interests
Business transactions are common events we experience in our daily lives. Some of these transactions are
banking activities like withdrawal, deposits, and loans and some are done in supermarkets when customers use credit
cards and others do it in the pawnshops. When these transactions occur there are two parties involved: the lender and
the borrower hence there involves a particular amount which we call interest. Everything that we have right now is just
borrowed, our talents, jobs, and even our lives. God is the sole persona who does not charge interest from what He
lent. However, the money that we borrowed from others has a certain computation in finding the interest which will be
tackled in this module.

Read and analyze the situation below then, answer the given questions.

Let’s Save

Janice and Jamaica are both senior high school students.


After class the two had a conversation:

Janice: Wow, your cellphone is so cool! Is that new?


Jamaica: Thank you! And yes, I just bought it yesterday.
Janice: Did your mother give you money? What will you do with your old cellphone?
Jamaica: No, I save up my allowance to accumulate enough money to buy this phone. I am still using my old phone.
I will use my new phone for my social media accounts.
Janice: How much is that?
Jamaica: It is only ₱2,300 but it is already android so I can download different applications like Tiktok and Snapchat
therefore I will not be bored!
Janice: Oh! We are almost the same, I also save ₱2,300 already from my allowance
Jamaica: What do you plan to buy from your savings?
Janice: My old cell phone is still working, so I think there is no need for me to buy a new one. It will be better if I save
this money.
Jamaica: But your money might get lost if you did not spend it?
Janice: I saw an advertisement in Lucena Cooperative Bank that the minimum amount to open an account for
students is ₱2,000, and they call it Kid Savers.
Jamaica: Is there an advantage if you put the money in the bank?
Janice: According to the advertisement there will be 2.5% interest in a year. I will use it when I go to college.

Questions:
1. What is the dialogue all about?
2. Do you think saving money is important? Explain your answer.
3. Do you think it is wrong for Jamaica to buy a new cell phone?
4. What can you say about Janice’s attitude towards money?
5. How much will Janice save after two years?
6. How do you value education?

From the previous conversation, you can say that one of the sources of funds of ordinary students is their
allowance. A person can always decide on things they want to do on the money that they possess. In the scenario, you
saw two different kinds of students. One who saves to be able to buy the things she wants and the other one is saving
for her future. In doing so she invested her money in a bank that earns interest. In computing the simple interest and
other related components, the formula is:

GENERAL MATHEMATICS | PAGE 1


GENERAL MATHEMATICS | PAGE 2
GENERAL MATHEMATICS | PAGE 3
____________________________________________________

DAVAO INSTITUTE OF TECHNICAL EDUCATION, INC


General Mathematics
LEARNING ACTIVITY SHEET

Name: ___________________________________________________ Module #: _____________

Grade and Section: _________________________________________ Score: _______________


Quarter 2 - Module 2
Activity 1

Activity 2
Directions: Find the value of the required components in each item. Show your solution.

GENERAL MATHEMATICS | PAGE 4


____________________________________________________

DAVAO INSTITUTE OF TECHNICAL EDUCATION, INC


General Mathematics
LEARNING ACTIVITY SHEET

Name: ___________________________________________________ Module #: _____________

Grade and Section: _________________________________________ Score: _______________


Quarter 2 - Module 2
Complete the table below by finding the unknown.

GENERAL MATHEMATICS | PAGE 5

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