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

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