Use of Decimal to Represent Money
We
use decimals everyday while dealing with money. While writing rupee and paise,
we use point to separate rupee from paise. We call this dot the decimal point.
We can write rupees and paise as decimal numbers. Paise is always written as a
2digit number.
We use symbol
to express rupees and paise together in decimal number.
We know that 100 paise =
1. So, 1 paise =
^{1}⁄
_{100} =
0.01
So, 50p =
^{1}⁄
_{100} × 50 =
0.05
10p =
^{1}⁄
_{100} × 10 =
0.1
So, to convert paise into rupees, we place decimal after 2
digit from the right. To convert rupees and paise into paise, we remove the
decimal point.
For example,
11.45 = 11.15 × 100 p = 1145p
Solved Examples on Use of Decimal to Represent Money:
Write 7 rupees 3 paise in the form of rupees using decimal
rotation.
Solution:
7 rupees 3 paise =
7.03
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In addition of money we will learn how to add the amounts of money involving rupees and paisa together. While adding we need to follow that the amounts of money is converted into paisa. We will learn two different methods to solve addition involving rupees and paisa.

In subtraction of money we will learn how to subtract the amounts of money involving rupees and paise to find the difference. While subtracting we need to follow that the amounts of money is converted

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
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