Learn Class 3 Math - Money

When it comes to money, there are several coins used in India. It can be like 25 paisa, 50 paisa, 1 Rs, 2 Rs, 5 Rs and 10 Rs.

Assume you have 50-rupee notes and 25-paise coins. In other words, you can consider this amount as Rupees 50 and paise 25.

In figures, we address it as 50 Rupees 25 paise or ₹ 50.25.

₹ - An international symbol for Rupees

Fifty-five rupees we write as Rs. 55 or ₹ 55.

When we write rupees and paise together, 25 rupees and 75 paisa, we write ₹ 25.75. A point separates rupees and paise.

Conversion of Rupees into paisa

As we know, 1 Rupee = 100 paise

To convert rupees into paisa, we have to double the number of rupees by 100

Example 1. Convert ₹ 75 into paisa

Solution. ₹ 75 = 75 X 100 = 7500 paisa

Conversion of paise into Rupees

To turn paisa into rupees and paise, the easy way is to place a dot (.) after two figures from the right of the given number showing paisa and write Rs. On the left of the given amount.

We know that

1 rupee = 100 paise

Therefore, if we want to convert rupees into paisa, we multiply the rupee number by 100

Conversion of paise into rupees.

To convert paisa into rupees, we have to divide paisa by 100.

Example:-

5050p = 5050 / 100 = 50.50

Learning Videos for 3rd Grade Math - Money

Money Sample Questions for Class 3

Question 1

Ken wants to buy some books at the library book sale. He has $8 and each book costs $2. How many books can Ken buy?
A. 2
B. 3
C. 4
D. 6

Question 2

Megan bought 6 fish. Each fish cost 5 cents. How much did the fish cost in total?
A. 11 cents
B. 35 cents
C. 30 cents
D. 25 cents

Question 3

Mrs. Jackson has $15. She sees a pin for $4 and a picture for $6. If she buys the picture, which answer shows how to find how much money she will have left?
A. $15 - $6 = ?
B. $15 + $6 = ?
C. $15 - $4 - $6 = ?
D. $15 - $4 = ?

Question 4

It costs 3 dollars per person to see a fireworks show. Which expression can be used to find the total amount of money it will cost 6 people to see the fireworks?
A. 6 + 3
B. 6-3
C. 6xx3
D. 6-:3

Question 5

Terra lives 5 miles from Reia's Ravel Farm. She walks to the farm and back. Then, she realized that she forgot to give Reia the money, so she goes to the farm and has to come back again. How many miles has Terra walked?
A. 20
B. 24
C. 35
D. 67