# Use of Decimal in Calculating Money

We will learn the use of decimal in calculating money.

100 cents = 1 dollar or 100 ¢ = $1 So, one cent is one hundredths of a dollar. or, 1 ¢ =$ $$\frac{1}{100}$$ = $0.01 Similarly, 10 ¢ =$ 0.10                    (10 cents is ten hundredths of a dollar)

50 ¢ = $0.50 (50 cents is fifty hundredths of a dollar) Dollars and cents can be expressed together as decimals. For example, 8 dollars 25 cents =$ 8.25

24 dollars 96 cents = $24.96 25 dollars 40 cents =$ 25.40

120 dollars 29 cents = $120.29 10 dollars 5 cents =$ 10.05

238 dollars 03 cents = $238.03 Note: In a decimal, cents are always written in double figures. For example, 5 ¢ =$ 0.05 and 9 ¢ = \$ 0.09

Addition and subtract of money is same like addition and subtraction of decimal and whole number.

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