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


You can do multiplication of money in the same way that you multiply ordinary numbers. Write the rupees and paise in separate columns or a dot (.) between them.

4. Multiply 25p × 5p.

                                  1  2

                              2 5 

                             × 5 

                           1 2 5 p

                      = Rs. 1.25


5. Multiply Rs. 126 × Rs. 6.

                                   1  3

                            1 2 6 

                              × 6 

                            7 5 6 

                        = Rs. 756


6. Multiply Rs. 14.20 × Rs. 4

                                   1        1

                            1 4 . 2 0 

                                   × 4 

                            5 6 . 8 0

                         = Rs. 56.80


7. Multiply ₹ 7.52 × 5.

Solution:

Money Multiplication

Step I: Multiply 7.52 by 5 as you normally do.

Step II: Write ₹

Step III: Put the dot before the second digit from the right.

   ₹   7 . 5 2

             x 5

  ₹ 3 7 . 6 0

Answer:  ₹ 7.52 × 5 = ₹ 37.60


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


3. The price of a pen is ₹ 5.50. What will be the cost of 5 such pens?

Solution:

Price of 1 pen = ₹ 5.50

Cost of 5 pens = ₹ 5.50 × 5 = ₹ 27.50


Hence, the cost of 5 pens is ₹ 27.50.

        ₹        p

        5   .   5 0

      ×           5 

       2 7  .  5 0

Multiplication of Money


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


3. Multiply the following:

(i)

           Rs.    P

          1 6  . 0 0

          ×         3

         ________

(ii)

           Rs.    P

          7 2  . 0 0

          ×         2

         ________

(iii)

           Rs.    P

          3 5  . 2 1

          ×         3

         ________

(iv)

           Rs.    P

          1 1  . 4 0

          ×         4

         ________

(v)

           Rs.    P

          1 3  . 2 0

          ×         6

         ________

(vi)

           Rs.    P

             6  . 0 5

          ×         2

         ________

(vii)

           Rs.    P

             3  . 6 5

          ×         3

         ________

(viii)

           Rs.    P

             8  . 1 0

          ×         6

         ________

(ix)

           Rs.    P

          2 0  . 2 5

          ×         7

         ________

(x)

           Rs.    P

          2 5  . 5 0

          ×         4

         ________

(xi)

           Rs.    P

             5  . 5 0

          ×         3

         ________

(xii)

           Rs.    P

          2 5  . 2 5

          ×         4

         ________

(xiii)

           Rs.    P

             8  . 6 0

          ×         8

         ________

(xiv)

           Rs.    P

          7 0  . 3 0

          ×         2

         ________

(xv)

           Rs.    P

          7 0  . 0 2

          ×         6

         ________

(xvi)

           Rs.    P

          4 0  . 2 0

          ×         2

         ________

(xvii)

           Rs.    P

          2 3  . 1 5

          ×         5

         ________

(xviii)

           Rs.    P

          1 5  . 7 5

          ×         3

         ________

(xix)

           Rs.    P

          1 7  . 5 0

          ×         7

         ________

(xx)

           Rs.    P

          9 0  . 6 0

          ×         4

         ________

(xxi)

           Rs.    P

          1 5  . 0 0

          ×         4

         ________

(xxii)

           Rs.    P

          8 7  . 5 5

          ×         8

         ________

(xxiii)

           Rs.    P

          9 5  . 8 5

          ×         2

         ________

(xxiv)

           Rs.    P

          4 5  . 1 5

          ×         3

         ________

Answer:

3. (i) Rs. 48.00

(ii) Rs. 144.00

(iii) Rs. 105.63

(iv) Rs. 45.60

(v) Rs. 79.20

(vi) Rs. 12.10

(vii) Rs. 10.95

(viii) Rs. 48.60

(ix) Rs. 141.75

(x) Rs. 102.00

(xi) Rs. 16.50

(xii) Rs. 101.00

(xiii) Rs. 68.80

(xiv) Rs. 140.60

(xv) Rs. 420.12 

(xvi) Rs. 80.40

(xvii) Rs. 115.75

(xviii) Rs. 47.25

(xix) Rs. 122.50

(xx) Rs. 362.40

(xxi) Rs. 60.00

(xxii) Rs. 700.40

(xxiii) Rs. 191.70

(xxiv) Rs. 135.45

You might like these

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

From Multiplication of Money to HOME PAGE




Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.



New! Comments

Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.




Share this page: What’s this?

Recent Articles

  1. 5th Grade Circle Worksheet | Free Worksheet with Answer |Practice Math

    Jul 11, 25 02:14 PM

    Radii of the circRadii, Chords, Diameters, Semi-circles
    In 5th Grade Circle Worksheet you will get different types of questions on parts of a circle, relation between radius and diameter, interior of a circle, exterior of a circle and construction of circl…

    Read More

  2. Construction of a Circle | Working Rules | Step-by-step Explanation |

    Jul 09, 25 01:29 AM

    Parts of a Circle
    Construction of a Circle when the length of its Radius is given. Working Rules | Step I: Open the compass such that its pointer be put on initial point (i.e. O) of ruler / scale and the pencil-end be…

    Read More

  3. Combination of Addition and Subtraction | Mixed Addition & Subtraction

    Jul 08, 25 02:32 PM

    Add and Sub
    We will discuss here about the combination of addition and subtraction. The rules which can be used to solve the sums involving addition (+) and subtraction (-) together are: I: First add

    Read More

  4. Addition & Subtraction Together |Combination of addition & subtraction

    Jul 08, 25 02:23 PM

    Addition and Subtraction Together Problem
    We will solve the different types of problems involving addition and subtraction together. To show the problem involving both addition and subtraction, we first group all the numbers with ‘+’ and…

    Read More

  5. 5th Grade Circle | Radius, Interior and Exterior of a Circle|Worksheet

    Jul 08, 25 09:55 AM

    Semi-circular Region
    A circle is the set of all those point in a plane whose distance from a fixed point remains constant. The fixed point is called the centre of the circle and the constant distance is known

    Read More