Last Updated on July 26, 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.