Last Updated on July 16, 2020 by Alabi M. S.
THEME – MENSURATION
PREVIOUS LESSON – Second Term Scheme of Work and Plan Lesson Notes for MATHEMATICS Week 1 to Week 12 Primary Schools
TOPIC – SIMPLE INTEREST
By the end of the lesson, the pupils should have attained the following objectives (cognitive, affective and psychomotor) and should be able to solve problems on simple interest.
The teacher will teach the lesson with the aid of money and receipt of payment.
METHOD OF TEACHING – Choose a suitable and appropriate methods for the lessons.
Note – Irrespective of choosing methods of teaching, always introduce an activities that will arouse pupil’s interest or lead them to the lessons.
1. Scheme of Work
2. 9 – Years Basic Education Curriculum
3. Course Book
4. All Relevant Material
5. Online Information
CONTENT OF THE LESSON
LESSON ONE – INTRODUCTION
Teacher’s/Pupil’s Activities 1 – Simply Interest
Teacher’s comments – To start a business, someone needs money. Mention places where ones can get money to start a business.
We can get money from savings, family and friends, donations, gifts, bank, etc.
Teacher’s remark – We can borrow money from family and friends with or without interest. We can also borrow from the banks with interest. This interest is called simple interest. Simple interest is a quick and easy method of calculating the interest charge on a loan or investment.
Teacher’s/Pupil’s Activities 2 – Simple Interest
Find the The trader Invests ₦2000 in a company that produces and sells cap. How much Interest will he get after 2 years at 10% per annum?
First, find the 10% of ₦2000
00 x 10/1 00
Multiply your result by 2
= ₦200 x 2
00 x 2 x 10)/1 00
= ₦20 x 2 10
Teacher’s remark – The ₦2000 is known as the principal, (P). 10% is known as the rate (R) while 2 years is known as time (T).
Therefore, Simple Interest (I) = (P x R x T)/100
Pupil’s Activities 2 – Simple Interest
A trader borrowed ₦3000 for 2 years at 9% per annum is found. Find the simple interest.
I = (P x R x T)/100
Where P = ₦30 000, Rate = 9% and Time = 2 years
I = (₦30
00 x 9 x 2)/1 00
= ₦30 x 9 x 2
Pupil’s Activities 3 – Exercises/Assignment
1. An investor invested ₦250 for 5 years at 5%, Find the total amount received at the end of 5 years.
2. Mr. Kola borrowed ₦5000 for 3 years at 5% per annum is found. Find the simple interest.
LESSON TWO AND THREE, continue to work with the pupils on series of problems on simple interest.
LESSON FOUR – QUANTITATIVE REASONING
As stated in the quantitative book and textbook.
To deliver the lesson, the teacher adopts the following steps:
1. To introduce the lesson, the teacher revises the previous lesson. Based on this, he/she asks the pupils some questions;
2. Guides pupils to solve problems on simple interest.
Pupil’s Activities – Solve problems on simple interest.
- To conclude the lesson for the week, the teacher revises the entire lesson and links it to the following week’s lesson.
Pupils to solve problems on simple interest.