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 
Workedout 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
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