When you go to a shop with your parents, you see coins and notes being exchanged. Money is used to buy things. In India, we use Rupees (Rs) and Paise. Let us learn about Indian coins and notes and how to use them.
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Key Concepts
Rupee (Rs): The main unit of Indian money. Symbol: Rs or the Rupee sign.
Paise: 100 paise = 1 Rupee. Paise is a smaller unit of money.
Coins: Common Indian coins are 1 Rupee, 2 Rupees, and 5 Rupees.
Notes: Common Indian notes are Rs 10, Rs 20, Rs 50, Rs 100.
Adding Money: To find the total cost, add the prices of all items.
Change: If you pay more than the cost, you get back the extra money as change. Change = Amount paid - Cost.
Comparing Prices: We can compare prices to find which item costs more or less.
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Worked Examples
A lollipop costs Rs 3 and a toffee costs Rs 2. How much do both cost together?
Rs 3 + Rs 2 = Rs 5 in all.
Rahul has Rs 10. He buys a pencil for Rs 6. How much change does he get?
Rs 10 - Rs 6 = Rs 4 change.
A ball costs Rs 15 and a bat costs Rs 45. Which costs more?
Rs 45 > Rs 15, so the bat costs more.
Sita wants to buy a notebook for Rs 12. She has a Rs 10 note and a Rs 5 coin. Does she have enough?
Rs 10 + Rs 5 = Rs 15. Since Rs 15 > Rs 12, yes, she has enough.
Make Rs 8 using coins of Rs 1, Rs 2, and Rs 5.
Rs 5 + Rs 2 + Rs 1 = Rs 8.
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Common mistakes
- Do not mix up Rupees and Paise. Rs 1 = 100 paise, so Rs 1 is more than 50 paise.
- Always write the Rs symbol before the amount. Rs 5 means five rupees.
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Summary
We use money every day to buy things. In India we use Rupees and Paise. We can add prices to find the total cost and subtract to find the change. Comparing prices helps us make smart choices when shopping!