Multiplication of Money
In multiplication of
money we will learn how to multiply the amounts of money involving rupees and
paisa. We carryout multiplication with money the same way as in decimal numbers. We put decimal point after two places from the right in the product.
Worked-out examples on multiplication of money:
1. Multiply Rs. 9.25 by 4
Solution:
(i) Amounts to be multiplied by a number
(ii) The decimal point is placed after two digits from the right in the product since we see in the multiplicand the decimal point is placed after two digits from the right.
Rs. 9.25
× 4
Rs. 37.00
2. Multiply Rs. 25.60 by 7
Solution:
(i) Amounts to
be multiplied by a number
(ii) The decimal point is placed after two
digits from the right in the product since we see in the multiplicand the decimal
point is placed after two digits from the right.
Rs. 25.60
× 7
Rs. 179.20
3. Multiply Rs. 101.07 by 5
Solution:
(i) Amounts to
be multiplied by a number
(ii) The decimal point is placed after two
digits from the right in the product since we see in the multiplicand the decimal
point is placed after two digits from the right.
Rs. 101.07
× 5
Rs. 505.35
Word problems on Multiplication of Money:
1. One bottle of jam cost Rs. 180.25. Find the cost of 7 such bottles.
Solution:
Cost of 1 bottle = Rs.180.25
Cost of 7 bottle = Rs.180.25 × 7
Rs. 180.25
× 7
Rs. 1261.75
Therefore, cost of 7 bottle = Rs. 1261.75
2. Robert bought 8 notebooks each costing Rs. 49.50.How much money did he pay?
Solution:
Cost of 1 note book = Rs. 49.50
Cost of 8 note book = Rs. 49.50 × 8
Rs. 49.50
× 8
Rs. 396.00
Therefore, cost of 8 note book = Rs. 396.00
The above examples on multiplication of money will help the students to practice the worksheet on multiplying the amounts of money by a number.
Questions and Answers on Multiplication of Money:
1. Multiply the following:
(i) $104.60 × 5
(ii) $210.20 × 8
(iii) $83 × 7
(iv) $1060.25 × 12
(v) $1407.15 × 15
(vi) $108 × 25
Answers:
(i) $523
(ii) $1681.60
(iii) $581
(iv) $12723
(v) $21107.25
(vi) $2700
2. Find the product:
(i) $310.10 × 6
(ii) $62.10 × 3
(iii) $129.90 × 8
(iv) $46.30 × 4
(v) $167.85 × 9
(vi) $180.25 × 16
Answers:
(i) $1860.60
(ii) $186.30
(iii) $1039.20
(iv) $185.20
(v) $1510.65
(vi) $2884
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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.
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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
Related Concept
● Money
● Writing
Money in Words and Figure
● Conversion
of Money
● Addition
of Money
● Subtraction
of Money
● Division
of Money
3rd Grade Math Worksheets
3rd Grade Math Lessons
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