Conversion of Money

In conversion of money we will learn to convert the amount from rupees to paisa and from paisa to rupees.

Conversion from rupees to paisa and from paisa to rupees is based on the basic fact that Re. 1.00 = 100 paisa and 100 paisa = Re. 1.00

From this fact we find that

Re. 1.00 = 100 paisa

Rs. 2.00 = 200 paisa

Rs. 5.00 = 500 paisa

Rs. 10.00 = 1000 paisa

100 paisa = Re. 1.00

200 paisa = Re. 2.00

500 paisa = Re. 5.00

1000 paisa = Re. 10.00


Worked-out examples on conversion of money:

1. Convert the following:

(i) Rs. 3.50 into paise

Solution:

Rs.  3.50               

= Rs. 3.00 + 50 paise

= (3 × 100) paise + 50 paise

= 300 paise + 50 paise

= 350 paise

(Thus, to convert rupees and paise into paise, we remove the point (.) and symbol Re. or Rs. and write Paise on the right of the number so obtained)

For example:

Rs. 7.25 = 725 paise

Rs. 11.85 = 1185 paise


(ii) 815 paise into rupees

Solution:

815 paise            

= 800 paise + 15 paise

= (8 × 100) paise + 15 paise

= Rs. 8 + 15 paise

= Rs. 8.15

(Thus, to convert paise into rupees and paise, the point called decimal point is placed after the two digits from the right of the number showing paise and then Re. or Rs. is written on the extreme left)

For example:

450 paise           

1375 paise     

75 paise        

47 paise      

605 paise    

745 paise   

=             Rs. 4.5

=             Rs. 13.75

=             Re. 0.75

=             Rs. 0.47

=             Rs. 6.05

=             Rs. 7.45


The conversion of the amounts of money will help the students to solve different types of problems on Indian coins and currency notes.

Related Concept

Money

Writing Money in Words and Figure

Addition of Money

Subtraction of Money

Multiplication of Money

Division of Money


3rd Grade Math Worksheets

3rd Grade Math Lessons

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