Money

Coins and Notes and their Use

• Coins and notes are used for currency in India.
• Coins are used for small amounts of money and notes are used for large amounts.
• In India, the unit used for money is Rupee (denoted by ₹) and Paisa (denoted by p).
• When written in the figure, Rupees and Paisa are separated by ‘.’

Example:

In words	In figure
Twenty-five rupees and fifty paise	₹ 25.50
Thirty-five rupees and thirty- five paise	₹ 35.35

Coins:

Notes:

Relation Between Rupees and Paisa

• 1 Rupees = 100 Paise

Conversion of Rupees to Paisa

• To convert rupees to paise, multiply rupees by 100.
• To convert paisa to rupees, divide paisa by 100.

Example:

1. 25 Rupees = __________Paise
2. 300 Paise = ___________Rupees

Answer:

1. 25 Rupees = 25 × 100 Paise = 2500 Paise
2. 300 Paise = 300 ÷ 100 = 3 Rupees

Addition and Subtraction of Rupees and Paisa

Steps of Addition:

• Add the paisa. If the result is greater than 100, then subtract 100 from it and carry over 1 to the rupees.
• Add the rupees with carried over 1.

Example:

₹ 25.50 + ₹ 32.25

Answer:

Hence, ₹ 25.50 + ₹ 32. 25 = ₹ 57.75

Steps of subtraction:

• Subtract the paisa.
• Subtract the Rupees.

Example:

₹ 32.50 – ₹ 25.25

Answer:

Hence, ₹ 32.50 – ₹ 25.25 = ₹ 7. 25

Real-life problems related on Rupees and Paisa

Example 1:

A bottle of mango Juice costs ₹ 43.50, and a bottle of apple juice costs ₹ 66. 50. What is the difference between the price of the mango juice and the apple juice?

Answer:

The difference between the price is: ₹ 66.50 – ₹ 43.50 = ₹ 23

Hence, the difference between the price of the mango juice and the apple juice is ₹ 23.

Example 2:

Catherine spends ₹ 80.50 on a rickshaw ride, and ₹ 25.50 on a bus ticket while travelling from her home to the office. How much money did she spend on this trip?

Answer:

To travel to the office Catherine’s spend:

₹ 80.50 + ₹ 25.50 = ₹ 105.100 = ₹ 106 (∴ 100 Paise = 1 Rupee)

Hence, the total money she spends to travel to the office is ₹ 106.