Notes are larger unit of money and coins are smaller unit of money.
Relation between Rupees and Paise.
Conversion of Rupees and paise
Example 1:
Convert 15 rupees to paise.
Solution:
Multiply 15 by 100 to convert 15 rupees to paise.
15 × 100 = 1500
Therefore, 15 rupees = 1500 paise.
Example 2:
Convert 1000 paise to rupees.
Solution:
Divide 1000 by 100 to convert 1000 paise to rupees.
1000 ÷
100 = 10
Therefore, 1000 paise = 10 rupees.
Writing money in figures and words
Example :
15 rupees 10 paise is written as 15.10.
Example :
Similarly, 25.05 in words is written as twenty-five rupees and five paise.
Addition of money
The steps to add moneys are the following:
Example 1:
Add ₹25.75 and ₹15.35.
Solution:
Step 1: Add 75p and 35p.
75p + 35p = 110p
The total paise is more than 100. Therefore, subtract ₹100 from ₹110.
110 – 100 = 10
Step 2: Add ₹25, ₹15 and ₹1.
₹25 + ₹15 + ₹1 = ₹41
Therefore, the sum is 41.10.
Alternative way:
Subtraction of Money
The steps to subtract moneys are the following:
Example :
Subtract 15.75 from 17.35.
Solution:
Step 1: Subtract 75p from 35p.
35p – 75p = −40p
The total paise is negative. Therefore, add 100 to it.
100 + (−40) = 100 – 40 = 60
Step 2: Subtract ₹17 from ₹15.
₹17 - ₹15 = ₹2
Step 3: Subtract ₹1 from ₹2.
₹2 – ₹1 = ₹1
Therefore, the difference is ₹1.60.
Alternative way:
Multiplication of Money
Example :
₹25.05 × 2