Class 4 MOney
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aryanka3116Class 4 MOney
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aryanka3116Money
You have learnt about money in your earlier classes. The money used in a particular
country is called its currency.
• In India, the currency is Rupees and paise.
• In short form rupees is written as ₹ and paise as p. • 100 paise = ₹ 1.
• Money that exceeds ₹ 1 is expressed in rupees.
• Money is expressed in words and figures as follows.
Conversion of Rupees into Paise and Paise into Rupees
Rule: To change ‘rupees’ into ‘paise’ we multiply the number of rupees by 100.
Example: ₹ 1 = 100 paise, Then ₹ 2 = 2 × 100 paise = 200 paise,
₹ 3 = 3 × 100 paise = 300 paise, ₹ 4 = 4 × 100 paise = 400 paise
Rule: To change an amount in ‘rupees’ and ‘paise’ into paise we multiply the
number of rupees by 100 and add it to the number of paise.
Example 1: Convert 35 rupees 25 paise into paise.
35 rupees 25 paise = (35 × 100) paise + 25 paise
= 3500 paise + 25 paise
= 3525 paise
To convert an amount given in rupees into paise
Rule: We remove the symbol of ₹ and the dot and write paise.
Example 2: Convert the following amounts into paise.
(a) ₹ 4 1.25
(b) ₹ 1 06.50
(c) ₹ 0.25
(a) ₹ 41.25 = 4125 paise
(b) ₹ 106.50 = 10650 paise
(c) ₹ 0.25 = 25 paise
To convert an amount given in paise into rupees
Rule: We put a dot after two digits from the right of the given number showing
paise. The number on the left of the dot gives the number of rupees and that on
the right gives paise.
Example 3: Convert the following into rupees.
(a) 4535 p
(b) 9p
(c) 505 p
(a) 4535 p = ₹ 45.35
(b) 9p = ₹ 0.09
(c) 505 p = ₹ 5.05
Tips: Paise is expressed in two digits always.
Addition of Money
Some practical situations involve addition of money. To find the total amount we
write one amount under the other such that the point is exactly under the point and
add as ordinary numbers.
Example 4: Add ₹ 217.31 and ₹ 335.46.
Thus, ₹ 217.31 + ₹ 335.46 = ₹ 552.77
Subtraction of Money
Some practical situations involve subtraction of money. To find the difference we
write one amount under the other such that the point is exactly under the point and
subtract as ordinary numbers.
Example 5: Subtract ₹ 127.56 from ₹ 579.86.
Thus, ₹ 579.86 – ₹ 127.56 = ₹ 452.30.
Multiplication of Money by a Number
Some practical situations involve multiplication of a sum of money expressed by a
number using point. To find the product we multiply in the usual way and put the
point two places from the right.
Example 6: Find ₹ 312.97 × 3.
We have
31297 × 3 = 93891
∴ ₹ 312.97 × 3 = ₹ 938.91
Thus ₹ 312.97 × 3 = ₹ 938.91.
Division of Money by a Number
Divide the amount given by the given whole number taking the amount as an
ordinary number. Put a decimal point after 2 digits from the right in the quotient.
Example 7: Divide ₹ 22750 by 14.
Thus, the quotient is ₹ 1625.
Example 8: Divide ₹ 115.15 by 7
First divide 11515 by 7
∴ 11515 ÷ 7 = 1645
Hence, ₹ 115.15 ÷ 7 = ₹ 16.45
Estimating Money
At times we do not need to know the exact amount of money, but we need to get an
idea about the cost. To find it we round off the amount of the nearest rupee. This is
called estimation of money.
Example 13: Round off the following to the nearest rupee:
(a) ₹ 523.96
(b) ₹ 684.35
(a) ₹ 523.96 ≈ ₹ 524 (Rounding 96 p to the nearest hundred, we get 100 p or ₹
1. ₹ 523 + ₹ 1 = ₹ 524)
(b) ₹ 684.35 ≈ ₹ 684 (Rounding 35 p to the nearest hundred, we get 0 p. This
can be taken as ₹ 0. ₹ 684 + ₹ 0 = ₹ 684)
Estimating sum and difference
Many times we need to estimate the sum or difference of the cost of two things. This
is done by rounding the cost to the nearest rupees and then adding or subtracting
them, as required.
Example 14: Estimate the following by rounding off to the nearest rupee.
(a) ₹ 112.86 + ₹ 39.63
(b) ₹ 52.11 – ₹ 12.75
(a) ₹ 112.86 + ₹ 39.63 ≈ ₹ 113 + ₹ 40 = ₹ 153
(b) ₹ 52.11 – ₹ 12.75 ≈ ₹ 52 – ₹ 13 = ₹ 39.
