# 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

We know that Rs. 1 = 100p. So, to convert rupees into paise we multiply the number of rupees by 100.

Rs. 7 = 7 × 100 = 700 paise or 7p

Rs. 9 = 9 × 100 = 900 paise or 9p

To convert rupees and paise into paise, we convert rupees into paise and add paise.

Rs. 8 and 50 paise = × 100 + 50

= 800 + 50

= 850 paise or 850p

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

Questions and Answers on conversion of money:

1. Convert the following:

(i) Rs. 5.85

(ii) Rs. 84.60

(iii) Rs. 105.00

(iv) Rs. 1,126.25

(v) Rs. 0.1

(vi) Rs. 0.7

(vii) Rs. 15.89

(viii) Rs. 2.00

2. Convert rupees into paise.

(i) Rs. 5 = _____p

(ii) Rs. 7 = _____p

(iii) Rs. 3 = _____p

(iv) Rs. 10 = _____p

(v) Rs. 2 = _____p

2. (i) 500p

(ii) 700p

(iii) 300p

(iv) 1000p

(v) 200p

3. Convert into paise.

(i) Rs. 5 and 70p = _____ + _____ = _____p

(ii) Rs. 9 and 40p = _____ + _____ = _____p

(iii) Rs. 8 and 45p = _____ + _____ = _____p

(iv) Rs. 5 and 75p = _____ + _____ = _____p

(v) Rs. 8 and 50p = _____ + _____ = _____p

3. (i) 500 + 70 = 570p

(ii) 900 + 40 = 940p

(iii) 800 + 45 = 845p

(iv) 500 + 75 = 575p

(v) 800 + 50 = 850p

4. Convert into rupees and paise.

(i) 275p = Rs. _____ and _____p

(ii) 870p = Rs. _____ and _____p

(iii) 250p = Rs. _____ and _____p

(iv) 665p = Rs. _____ and _____p

(v) 995p = Rs. _____ and _____p

4. (i) Rs. 2 and 75p

(ii) Rs. 8 and 70p

(iii) Rs. 2 and 50p

(iv) Rs. 6 and 65p

(v) Rs. 9 and 95p

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

## You might like these

• ### 2nd Grade Money Worksheet | Conversion of Money | Word Problems

In 2nd grade money worksheet we will solve the problems on writing amount in words and figures, conversion of money and word problems on money. 1. Write T for true and F for false. (i) Rs. is written after the amount (ii) p is written before the amount. (iii) A dot is

• ### Writing Money in Words and Figure | Rules for Writing Money in Words

Rules for writing money in words and figure: 1. Abbreviation used for a rupee is Re. and for 1-rupee it is Re. 1 2. Rupees is written in short, as Rs., as 5-rupees is written as Rs. 5

• ### Coins and Currency Notes | Indian Rupee | Know your Currency | Notes

We will discuss here about coins and currency notes. We are already aware of the following coins and notes. Coins of 1 paise, 2 paise, 5 paise are not available

• ### Money | Coins | Currency Notes | Rupees and Paise | Indian Currency

In India we use rupees and paise as money. In our daily life we purchase the required things from a shop and pay money to the shopkeeper for the purchased thing.

In 3rd Grade Money Worksheet we will solve how to convert rupees into paise, how to convert paise into rupees, addition of money, subtraction of money and how to make a bill. Which is the highest value coin?

• ### Worksheet on Conversion of Rupees and Paise |Money Conversion|Currency

Practice the questions given in the worksheet on rupees and paise to convert the given amount of money into paise and to convert the given amount of money into rupees. I. Convert the following money

• ### Word Problems on Subtraction of Money | Subtracting With Money

Let us consider some of the word problems on subtraction of money. We have solved the problems in both the methods i.e., with conversion into paise and without conversion into paise.

• ### Subtraction of Money | Subtraction with Conversion, without Conversion

In subtraction of money we will learn how to subtract the amounts of money involving rupees and paise to find the difference. We carryout subtraction with money the same way as in decimal numbers. While subtracting we need to follow that the amounts of money is converted

• ### Addition of Money | Add The Amounts of Money Involving Rupees & Paisa

In addition of money we will learn how to add the amounts of money involving rupees and paisa together. We carryout with money the same way as in decimal numbers. While adding we need to follow that the amounts of money is converted into paisa.

• ### Conversion of Rupees and Paise | How to convert rupees into paise?

We will discuss about the conversion of rupees and paise (i.e. from rupees into paise and from paise into rupees). How to convert rupees into paise? First we need to remove the point and then remove

Related Concept