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 = 8 × 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:

$Conversion of Money$

Answers:

(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

Answer:

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

Answer:

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

Answer:

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.

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