📏 Measurement - Money
Indian currency consists of paper banknotes for large amounts and metal coins for small va
▶ Play Door 22Measurement - Money
Money is a tool we use to purchase goods, pay for services, and save for the future. Understanding currency, learning how to calculate costs during shopping transactions, and making smart choices with our funds are vital life skills.
• Identifying Local Notes and Coins (Indian Rupees — Rs. / ₹): In India, local currency is measured in Rupees. We use circulating coins for smaller values (₹1, ₹2, ₹5, ₹10) and paper currency notes for larger values (₹10, ₹20, ₹50, ₹100, ₹200, ₹500).
• Introduction to Major Global Currencies: Different countries across the globe use different monetary systems:
• Dollar (): Used in countries like the United States, Canada, and Australia.
• Pound (): Used in the United Kingdom.
• Euro (): Used by many nations across Europe.
• Counting Composite Values: Adding different notes and coins together to find the grand total. It is easiest to…
Worked example
Problem: A child opens their piggy bank and finds the following items: one ₹50 note, two ₹20 notes, and three ₹5 coins. Calculate the grand total value of their savings.
- Calculate the value of the highest denomination note: 1 × 50 = ₹50.
- Calculate the value of the two ₹20 notes using skip counting: 20 + 20 = ₹40.
- Calculate the value of the three ₹5 coins using skip counting or multiplication: 3 × 5 = ₹15.
- Add all the separate amounts together to find the grand total:
- Combine the notes: 50 + 40 = 90.
Answer: ₹105