Subscribe to our YouTube channel for the latest videos, updates, and tips.


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. Average Word Problems | Worksheet on Average Questions with Answers

    May 20, 25 05:40 PM

    In average word problems we will solve different types of problems on basic concept of average. 1. Richard scored 80, 53, 19, 77, 29 and 96 runs in 6 innings in a series. Find the average runs scored…

    Read More

  2. Worksheet on Average | Word Problem on Average | Questions on Average

    May 19, 25 02:53 PM

    Worksheet on Average
    In worksheet on average we will solve different types of questions on the concept of average, calculating the average of the given quantities and application of average in different problems.

    Read More

  3. 8 Times Table | Multiplication Table of 8 | Read Eight Times Table

    May 18, 25 04:33 PM

    Printable eight times table
    In 8 times table we will memorize the multiplication table. Printable multiplication table is also available for the homeschoolers. 8 × 0 = 0 8 × 1 = 8 8 × 2 = 16 8 × 3 = 24 8 × 4 = 32 8 × 5 = 40

    Read More

  4. How to Find the Average in Math? | What Does Average Mean? |Definition

    May 17, 25 04:04 PM

    Average 2
    Average means a number which is between the largest and the smallest number. Average can be calculated only for similar quantities and not for dissimilar quantities.

    Read More

  5. Problems Based on Average | Word Problems |Calculating Arithmetic Mean

    May 17, 25 03:47 PM

    Here we will learn to solve the three important types of word problems based on average. The questions are mainly based on average or mean, weighted average and average speed.

    Read More