Add and subtract money amounts

  1. Understanding Currency Values: Recognizing the value of coins (pennies, nickels, dimes, quarters) and bills (dollars) is essential. Teaching them the relative values of different coins and bills is crucial.
  2. Counting Money: Knowing how to count and add various coins and bills together to find the total amount. This involves identifying the different combinations of coins and bills that add up to a specific value.
  3. Addition and Subtraction: Learning how to add and subtract money amounts by aligning decimals when necessary. This involves both simple addition and subtraction as well as carrying over or borrowing when needed.
  4. Word Problems: Solving word problems involving money, understanding scenarios where money is added or subtracted, and applying the learned mathematical operations to real-life situations.
  5. Making Change: Understanding the concept of making change, which involves subtracting the cost of an item from the amount paid to find the difference, or the change.
  6. Practical Applications: Applying these concepts in real-world scenarios, like going shopping, calculating totals, making change, and understanding financial transactions.

Learn with an example

₹ 724 – ₹557 = ₹_____

  • Subtract the numbers in each column. Remember to carry over.
  • The difference is ₹167.

₹1.96 + ₹8.03 = ₹______

  • Add the numbers in each column. Write the decimal point in the sum.
  • ₹ 1 . 9 6 + ₹ 8 . 0 3 = ₹ 9 . 9 9
  • The sum is ₹9.99.

₹ 332 – ₹ 330 = ₹_______

  • Subtract the numbers in each column.
  • ₹ 3 3 2 – ₹ 3 3 0 = ₹ 2
  • The difference is ₹2.