Imagine visiting a colourful fair with rides, games, and yummy snacks! At a fair, we use money to buy things. This chapter teaches us about Indian currency — coins and notes — and how to use them for buying and giving change.
Indian Currency
- India uses Rupees (Rs or ₹) and Paise (p).
- 100 paise = 1 Rupee
Coins and Notes
Common coins: 1 rupee, 2 rupees, 5 rupees, 10 rupees.
Common notes: 10 rupees, 20 rupees, 50 rupees, 100 rupees.
Counting Money
- When counting money, add up all the coins and notes.
- 1 note of Rs 10 + 2 coins of Rs 5 = Rs 10 + Rs 10 = Rs 20.
Buying and Getting Change
If you pay more than the price, you get back the difference as change.
Change = Amount paid - Price of item.
Making Exact Amounts
- We can make the same amount using different coins/notes.
- Rs 10 = 2 coins of Rs 5 = 10 coins of Rs 1 = 1 coin of Rs 10.
Tina buys a balloon for Rs 8. She pays with a Rs 10 note. How much change does she get?
Step 1: Change = Rs 10 - Rs 8 = Rs 2.
Answer: Tina gets Rs 2 as change.
Ravi wants to buy a toy for Rs 35. He has a Rs 20 note and a Rs 10 note. Does he have enough?
Step 1: Rs 20 + Rs 10 = Rs 30.
Step 2: Rs 30 is less than Rs 35.
Answer: No, Ravi does not have enough money.
Sam buys a juice for Rs 12 and a cookie for Rs 7. How much does he spend?
Step 1: Rs 12 + Rs 7 = Rs 19.
Answer: Sam spends Rs 19 in total.
How many Rs 5 coins make Rs 25?
Step 1: Rs 25 / Rs 5 = 5 coins.
Answer: Five Rs 5 coins make Rs 25.
Mia pays Rs 50 for a set of stickers costing Rs 37. What is her change?
Step 1: Change = Rs 50 - Rs 37 = Rs 13.
Answer: Mia gets Rs 13 as change.
Key Points
Key formulas
Common mistakes
Always subtract the cost from the amount paid when finding change. Do not mix up the two. Also, make sure to count all the coins and notes carefully when adding money.
Summary
Money helps us buy things. India uses Rupees and Paise. We add to find total cost and subtract to find change. The same amount can be made in different ways using coins and notes.