Page 140 - Math Skill - 5
P. 140
Money
11
11 Money
Learning Outcomes
� Decimal Notation of Money � Multiplication and Division of Money
� Conversion of Rupees into Paise and vice-versa � Unitary Method
� Addition and Subtraction of Money
Boot-Up
Arjun’s father gave him ` 90.50. Arjun bought two chocolates at ` 12.50 each and five packets of biscuits
at ` 11.00 each.
Now, answer the following questions carefully.
1. How much money was spent for chocolates? _______
2. How much money was spent for biscuits? _______
3. Total money spent by Arjun _______
4. Money left with him _______
Decimal Notation of Money
100 paise = 1 rupee
If we divide both sides by 100,
we get, 100 paise = 1 rupee or 1 paise = 0.01 rupee
100 100
Similarly, 5 paise = 0.05 rupee, 10 paise = 0.10 rupee, 15 paise = 0.15 rupee, etc.
Conversion of Rupees into Paise and Vice-Versa
To convert rupees into paise, we multiply the amount Fact-o-meter
by 100.
To convert paise into rupees, we divide the amount � ` 1 = 100 paise (p)
1
by 100. � 1 paise = ` 100
Let’s learn through examples. = ` 0.01
