Money
Coins and Notes
In India we use rupees (₹). We have coins such as ₹1, ₹2, ₹5 and ₹10, and notes such as ₹10, ₹20, ₹50 and ₹100. Coins are made of metal and notes are made of paper.
Example 1: Name two Indian coins.
₹1 and ₹5 (also ₹2 and ₹10).
Example 2: Is ₹100 a coin or a note?
₹100 is a note.
Quick recap
- Indian money is counted in rupees (₹).
- Coins: ₹1, ₹2, ₹5, ₹10. Notes: ₹10, ₹20, ₹50, ₹100.
✓ Quick check
Which of these is a coin?
₹5 is a coin; the others are notes.
What symbol do we use for rupees?
₹ is the symbol for the Indian rupee.
Counting Money
To find how much money you have, add the values together. Two ₹5 coins make ₹5 + ₹5 = ₹10. A ₹10 note and a ₹5 coin make ₹10 + ₹5 = ₹15.
Example 1: Add: ₹2 + ₹2 + ₹1
₹2 + ₹2 + ₹1 = ₹5.
Example 2: How much is one ₹10 note and one ₹20 note?
₹10 + ₹20 = ₹30.
Quick recap
- Count money by adding the values.
- Coins and notes are added the same way.
✓ Quick check
Two ₹10 notes make how much?
₹10 + ₹10 = ₹20.
How much is ₹5 + ₹5 + ₹5?
₹5 + ₹5 + ₹5 = ₹15.
Buying and Change
When we buy something, we pay money. If we pay more than the price, we get back the extra as change. Change = money given − price.
Example 1: A pencil costs ₹4. You pay ₹5. How much change?
₹5 − ₹4 = ₹1 change.
Example 2: A toffee costs ₹2. You buy 3. How much do you pay?
₹2 + ₹2 + ₹2 = ₹6.
Quick recap
- Change = money given − price.
- To buy more than one, add up the costs.
✓ Quick check
An eraser costs ₹3. You give ₹5. How much change do you get?
₹5 − ₹3 = ₹2 change.
Two pens cost ₹5 each. What is the total cost?
₹5 + ₹5 = ₹10.
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