# Subtraction of Money

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 into paise.

We will learn two different methods to solve subtraction involving rupees and paise. Students can practice both the methods.

(i) Subtracting the amounts with conversion into paise

(ii) Subtracting the amounts without conversion into paise

Subtraction is done with conversion and without conversion.

I. Subtraction with conversion:

Subtraction in money by using conversion method, we convert rupees and paise into paise and then subtract the smaller amount of paise from the greater amount. The obtained numbers are subtracted as ordinary numbers and if required finally we put a dot after two digits from the right. The difference is expressed in rupees and paise.

Consider some of the examples:

1. Find the difference between Rs 58.49 and Rs 34.05.

Solution:

Rs 58.49              =            5849 p

- Rs 34.05              =       -   3405 p

2444 p

We can also write 2444 p as Rs 24.44

2. Find the difference between Rs 25.68 and Rs 73.94

Solution:

Rs 73.94              =            7394 p

- Rs 25.68             =        -   2568 p

4826 p

We can also write 4826 p as Rs 48.26

II. Subtraction without conversion:

Subtraction in money by using without conversion method we arrange the given amounts in columns. Such that paise comes under paise, rupees come under rupees and dot comes under dot. The given amounts are subtracted as ordinary numbers. The decimal point is placed in the difference.

Consider some of the examples:

1. Subtract Rs 32.84 from Rs 72.98

Rs 72.98

- Rs 32.84

Rs 40.14

2. Subtract Rs 36.39 from Rs 58.25

Rs 58.25

- Rs 36.39

Rs 21.86

3. Subtract Rs.185.80 from Rs. 301.35

Solution:

We arrange rupees and paise in columns and subtract then as whole numbers and place decimal point in the correct position.

3 0 1 . 3 5

-  1 8 5 . 8 0

1 1 5 . 5 5

Hence, Rs 301.35 - Rs 185.80 = Rs 115.55

Worked-out examples on subtraction of money:

1. Subtract Rs. 21.24 from Rs. 74.75

Solution:

Method 1 (with conversion into paise):

Rs. 74.75 = 7400 paise + 75 paise = 7475 paise

Rs. 21.24 = 2100 paise + 24 paise = 2124 paise

7475 Paise

-   2124 Paise

5351 Paise

Therefore, difference of Rs. 21.24 from Rs. 74.75 = 5351 Paise = Rs. 53.51

Method 2 (without conversion into paise):

Rs.         P

74.         75

-      21.         24

53.          51

(i) Rs. and Paise are arranged in columns with decimal point between them.

(ii) Smaller amount is placed under the larger amount.

(iii) Subtraction is made as ordinary subtraction.

Therefore, difference of Rs. 74.75 - Rs. 21.24 = Rs. 53.51

2. Subtract Rs. 28.35 from Rs. 57.30

Solution:

Method 1 (with conversion into paise):

Rs. 57.30 = 5700 paise + 30 paise = 5730 paise

Rs. 28.35 = 2800 paise + 35 paise = 2835 paise

5730 Paise

-    2835 Paise

2895 Paise

Therefore, difference of Rs. 28.35 from Rs. 57.30 = 2895 Paise = Rs. 28.95

Method 2 (without conversion into paise):

(i) Rs. and Paise are arranged in columns with decimal point between them.

(ii) Smaller amount is placed under the larger amount.

(iii) Subtraction is made as ordinary subtraction.

(iv) 30 paise - 35 paise, so Rs. 1 from Rs. 57 is borrowed and added to 30 paise

Rs. 1 + 30 paise = 130 paise

130 paise - 35 paise = 95 paise

(v) Rs. 57 reduce into Rs. 56

Rs. 56 - Rs. 28 = Rs. 28

Rs.            P

57.           30

-   28.           35

28.           95

Therefore, difference of Rs. 57.30 - Rs. 28.35 = Rs. 28.95

Word Problems on Subtraction of Money:

3. Michael buys notebook for Rs. 19.50. He gives Rs. 100.00 to the shopkeeper. How much money will he get back?

Solution:

 Cost of a notebook = Rs. 19.50Michael will get back = Rs. 100 - Rs. 19.50                               = Rs. 80.50 1 0 0 . 0 0       -     1 9 . 5 0              8 0 . 5 0

4. Gloria bought a book for Rs. 125.50, if she paid a 500 rupee note, how much money did she get back?

Solution:

We need to subtract Rs. 125.50 from Rs. 500. To subtract the amount, we will arrange the given amounts in columns. Such that rupees comes under rupees and dot comes under dot.

 Step I: Arrange the numbers vertically.Step II: Subtract 500 – 125.50Step III: We borrow Rs. 1. Now, 100 p -50 p = 50 pStep IV: Subtract rupeesSince, we borrowed Rs. 1, we are left with Rs. 499. Now 499 -125 = 374 Rs. 500.00          -    Rs. 125.50               Rs. 374.50

Thus, Gloria got back Rs 374.50

Questions and Answers on Subtraction of Money:

I. Subtract the following:

(i) Rs. 126. 00 p – Rs. 13.00 p

(ii) Rs. 456.00 p – Rs. 178.00 p

(iii) Rs. 908.00 p – Rs. 317.00 p

(iv) Rs. 757.00 p – Rs. 449.00 p

(v) Rs. 600.00 p – Rs. 230.00 p

(vi) Rs. 126.00 p – Rs. 13.00 p

(vii) Rs. 600.78 p – Rs. 230.99 p

(viii) Rs. 757.32 p – Rs. 449.58 p

(ix) Rs. 586.90 p – Rs. 168.29 p

I. (i) Rs. 113.00

(ii) Rs. 278.00

(iii) Rs. 591.00

(iv) Rs. 208.00

(v) Rs. 370.00

(vi) Rs. 113.00

(vii) Rs. 369.79

(viii) Rs. 307.74

(ix) Rs. 418.61

II. Solve the following:

(i) Subtract Rs. 57 from Rs. 135

(ii) Subtract Rs. 265 from Rs. 900

(iii) Subtract Rs. 163 from Rs. 587

(iv) Subtract Rs. 84 from Rs. 157

II. (i) Rs. 78

(ii) Rs. 635

(iii) Rs. 424

(iv) Rs. 73

III. Subtract the following:

(i) Subtract Rs. 180.90 from Rs. 200.10

(ii) Subtract Rs. 28.20 from Rs. 416.05

III. (i) Rs. 19.20

(ii) Rs. 387.85

IV. Solve the following:

(i) $675.60 -$410.05

(ii) $1208.90 -$208.70

IV. (i) $265.55 (ii)$1000.20

V. A shirt cost Rs. 325. David Pays for a shirt Rs. 500. How much change does he get?

V. David gets Rs. 175

## You might like these

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.

• ### 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

• ### 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.

• ### Division of Money | Worked-out Examples | Divide the Amounts of Money

In division of money we will learn how to divide the amounts of money by a number. We carryout division with money the same way as in decimal numbers. We put decimal point in the quotient after two places from the right. The process of division of money is performed

• ### Multiplication of Money | Multiply the Amounts of Money | Examples

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.

• ### Worksheet on Money | Conversion of Money from Rupees to Paisa

Practice the questions given in the worksheet on money. This sheet provides different types of questions where students need to express the amount of money in short form and long form

• ### Worksheet on Addition of Money | Questions on Adding Amount of Money

Practice the questions given in the worksheet on addition of money by using without conversion and by conversion method (without regrouping and with regrouping). Note: Arrange the amount of money in the columns of rupees and paisa and then add the amounts together.

• ### Worksheet on Subtraction of Money | Real-life Word Problems | Answers

Practice the questions given in the worksheet on subtraction of money by using without conversion and by conversion method (without regrouping and with regrouping). Note: Arrange the amount of rupees and paise in columns and then subtract the amounts to find the difference

• ### Worksheet on Multiplication of Money | Word Problems | Answers

Practice the questions given in the worksheet on multiplication of money. This sheet provides different types of questions on multiplying the amount of money by a number; arrange in columns the amount of rupees and paisa and then multiply the amount by a number to find the

• ### Word Problems on Dividing Money | Solving Money Division Word Problems

Read the questions given in the word problems on dividing money. We need to understand the statement and divide the amount of money as ordinary numbers with two digit numbers. 1. Ron buys 15 pens for \$ 375.45. What is the cost of one pen? Number of pens Ron bought = 15

Related Concept