Money

 Mind Maps

Class III - maths: Money
One Word Answer Questions:
Q) Write amounts in words Rs 55.80?
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Q) Write amounts in figure Rupees 30 and 70 paisa = __?
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Q) Covert rupees into paisa Rs 9 and 50 paisa = ___?
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Q) Write amounts in words Rs 10.06??
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Q) Convert into rupees 706p=___?
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Q) Convert each of the following into Paisa and Rupees, Rs 10 and 15 paisa =?
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Q) The currency of japan is known as?
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Q) Write amount in figures Rupees 50 and 25 paisa = ___ ?
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Q) Convert each of the following into Paise Rs 69.79 = ___ ?
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Q) We write 9 rupees and 99 Paise as ?
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Q) When we write rupees and paise together, they are separate by a ?
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Short Answer Questions:
Q) The total fare for 5 persons was Rs 505.What was the fare for each person ?
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Q) Convert into paisa for Rupees 7 and 45 paisa = ___ and Rupees 9 and 60 paisa = __?
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Q) Add Rs 65.23 and Rs 8.86?
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Q) Substarct Rs 343.80 from Rs 586.45?
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Q) How much more is Rs 560.40 than Rs 325.75?
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Q) Multiply Rs 84.50 by 4 is __ ?
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Q) Write the correct sign for this number Rs 7 ___ 500 p + 200 p ?
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Q) Write the following amount in words Rs 99.50 ?
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Q) Subtract Rs 343.80 from rs 586.45 = ___?
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Long Answer Questions:
Q) Radika had Rs 1000 in her purse. She spent Rs 945.50. how munch money is left in her purse now?
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Q) The cost of a pencil box is Rs 78.65.What will be the cost of 6 such boxes?
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Q) Put >,<,or= sign in the blank. For Rs 14.50___Rs18.50-Rs4 and Rs 7.00__500p + 200p and Rs 10 + Rs 20 ___ 300p?
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Q) Explain about multiplication and division of money and give one example?
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Q) Explain about converting paisa into rupees and give one example?
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Q) Rahul collected an amount of Rs 42 from 6 of his friends. if each friend gave the same amount, what amount did each give?
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Q) Write about Multiplication And Division Of Money? Give an example?
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Q) Multiply ? 12.50 by 5. Multiply 6250 by 5, and put a dot after the second digit from the right?
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Q) Write about Converting Paise Into Rupees? Give an examples?
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Rupees And Paise    Money: We need Money to buy things in the market. Money comes in different denominations like 1000 Rs, 500 Rs, 100Rs notes etc., and coins like 5 rupee, 1 rupee or 50 paise, 25 paise etc., check here to see the Indian Curency   We learned that 100 Paise is equal to one Rupee

Writing Rupees And Paise:
When we write rupees and paise together, they are separate by a dot.
We write 5 rupees and 25 paise as ₨ 5.25

When we put the dot(.), we do not use the word paise or p.
So, Rupees 7 and 40 paise is written as ₨ 7.40, Not as ₨ 7.40 Paise or ₨ 7.40 P.

Rupees 3 and 5 paise is written as ₨ 3.05.

• Always write Paise in two digit number
• When Paise is less than 10, that is 1 - 9 Paise add '0' to make it two digit number like 01 - 09.

### Converting Rupees Into Paise

We know that ₨ 1 = 100 paise.
So, ₨ 2 = 2 × 100 paise = 200 paise.
₨ 3 = 3 × 100 paise = 300 paise.
₨ 9 and 50 paise = 9 × 100 paise + 50 paise = 950 paise.

Easy Method For Converting Rupees Into Paise
First write the amount given in rupees and paise in the short form, that is with a dot. Then remove ₨ and the dot, and write paise at the end.
Example: Rupees 15 and 75 paise:
= ₨ 15.75
= 1575 [ Remove ₨ and the dot.]
= 1575 paise [Write paise]

### Converting Paise Into Rupees

To convert paise into rupees, count 2 digits from the right, and put a dot after the second digit. Remove the word paise and write ₨ at the beginning.

Example:
265 paise= ₨ 2.65 [Count 2 digits from the right and put the dot (.) after the second digit. Remove paise and write ₨ at the beginning.]

### Addition And Subtraction

Addition and Subtraction of Money is no different then the regular numbers. You just add them! Make sure you separate the Rupees and Paise by putting a dot. To make it simple write Rupees and Paise in separate columns.

Example:
Add ₨ 65.23 and ₨ 8.86.
We can add in two different ways.

Method 1: Arrange ₨ and p in columns and add.
Add the paise first and then the rupees.

 ₨ Paise 65 23 8 86 74 09

Method 2: Write only in figures, so that the points are exactly one below the other and add.

Step 1: Add the paise. Regroup if required.
Step 2: Add the rupees.
The dot must come under the dot for all amounts and also in the answer. Example 2: Subtract ₨ 343.80 from ₨ 586.45.
Method 1: Arrange ₨ and P in columns and subtract column wise. Remember to write the bigger amount on top.
Here, regrouping of ₨ 6 is done as ₨ 5 and 100 p. thus, we have 145 p-80 p=65 p. ### Multiplication And Division Of Money

Multiplication and division of money is similar to the multiplication and division of regular numbers, the only difference is separating the Rupees and Paise with Dot. It is important to put the dot (.) after two digits from the right to separate the rupees and paise in the product and quotient.

Example:
Multiply ₨ 12.50 by 5.
Multiply 6250 by 5, and put a dot after the second digit from the right.

 1250 ×  5 6250

Hence, ₨ 12.50 × 5= 62.50

Example:

Rahul collected an amount of ₨ 54 from 6 of his friends. If each friend gave the same amount, what amount did each give?

Total money = ₨ 54
Total number of friends = 6
We need to find how much each friend gave.
This is a case of equal sharing, so we have to divide.
₨ 54 ÷ 6 = ₨ 9, So, each friend gave ₨ 9.
Answer : ₨ 9.00

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