đź’° Money - Grade 3
Understanding Indian Currency!
Money is what we use to buy things! In India, we use Rupees (₹) as our currency.
We have coins and notes in different values!
🪙 Count Coins and Notes - Up to ₹500
Indian Coins
Coin | Value |
---|---|
₹1 coin | 1 rupee |
₹2 coin | 2 rupees |
₹5 coin | 5 rupees |
₹10 coin | 10 rupees |
₹20 coin | 20 rupees |
Indian Notes (Banknotes)
Note | Value | Color |
---|---|---|
₹10 note | 10 rupees | Chocolate Brown |
₹20 note | 20 rupees | Greenish Yellow |
₹50 note | 50 rupees | Fluorescent Blue |
₹100 note | 100 rupees | Lavender |
₹200 note | 200 rupees | Bright Yellow |
₹500 note | 500 rupees | Stone Grey |
How to Count Money:
- Sort by value - Group coins and notes of same value together
- Start with largest - Count biggest notes first (₹500, ₹200, ₹100...)
- Count each group - Add up all notes/coins of same value
- Add all together - Find the total amount
Example: Count the Money
You have: One ₹100 note, two ₹50 notes, one ₹10 note, and three ₹5 coins
Step 1: ₹100 note → \(1 \times 100 = ₹100\)
Step 2: ₹50 notes → \(2 \times 50 = ₹100\)
Step 3: ₹10 note → \(1 \times 10 = ₹10\)
Step 4: ₹5 coins → \(3 \times 5 = ₹15\)
Step 5: Total → \(100 + 100 + 10 + 15 = ₹225\) ✓
🔍 Which Picture Shows More?
How to Compare Money Amounts:
- Count each picture - Find the total amount in Picture A and Picture B
- Write both amounts - Write them clearly
- Compare the amounts - Which number is bigger?
- Choose the answer - The picture with more money!
Example:
Picture | Money Shown | Total |
---|---|---|
Picture A | Two ₹100 notes + One ₹50 note | ₹250 |
Picture B | One ₹200 note + Three ₹20 notes | ₹260 |
Answer: Picture B shows more money!
₹260 > ₹250
đź’ł Do You Have Enough Money?
Steps to Check:
- Find the price - How much does the item cost?
- Count your money - How much money do you have?
- Compare - Is your money ≥ (greater than or equal to) the price?
- Answer:
- If your money ≥ price → YES, you have enough! ✓
- If your money < price → NO, you need more money ✗
Examples:
Example 1: Buying a Toy
Price of toy: ₹350
Money you have: Two ₹200 notes = ₹400
Compare: ₹400 > ₹350
Answer: YES! You have enough money! âś“
Extra: You will have ₹50 left over.
Example 2: Buying a Book
Price of book: ₹625
Money you have: One ₹500 note + One ₹100 note = ₹600
Compare: ₹600 < ₹625
Answer: NO! You need ₹25 more. ✗
Formula:
If \(\text{Money you have} \geq \text{Price}\), then YES!
If \(\text{Money you have} < \text{Price}\), then NO!
đź’µ Making Change
What is Change?
Change is the money you get back when you pay more than the price of an item!
\(\text{Change} = \text{Money Given} - \text{Price}\)
Methods to Find Change:
Method 1: Subtraction
Subtract the price from the money given
Example:
Item costs: ₹175
You give: ₹200
Change: \(200 - 175 = ₹25\) ✓
Method 2: Counting Up
Start from the price and count up to the money given
Example:
Item costs: ₹235
You give: ₹500
Count up:
₹235 → +₹5 → ₹240
₹240 → +₹10 → ₹250
₹250 → +₹50 → ₹300
₹300 → +₹200 → ₹500
Change: \(5 + 10 + 50 + 200 = ₹265\) ✓
Practice Problems:
Price | Money Given | Change |
---|---|---|
₹45 | ₹50 | ₹5 |
₹180 | ₹200 | ₹20 |
₹425 | ₹500 | ₹75 |
⚖️ Inequalities with Money
Comparison Symbols:
\(>\) means "greater than" (more money)
\(<\) means "less than" (less money)
\(=\) means "equal to" (same amount)
\(\geq\) means "greater than or equal to"
\(\leq\) means "less than or equal to"
How to Compare Money:
- Find both amounts - Calculate the total of each side
- Compare the numbers - Which is bigger?
- Choose the correct symbol - Use >, <, or =
Examples:
Example 1:
₹250 ______ ₹300
Answer: ₹250 \(<\) ₹300 ✓
Example 2:
Two ₹100 notes ______ ₹200
\(2 \times 100 = 200\)
Answer: ₹200 \(=\) ₹200 ✓
Example 3:
₹500 ______ Three ₹100 notes
\(3 \times 100 = 300\)
Answer: ₹500 \(>\) ₹300 ✓
đź’ˇ Tip: The arrow always points to the smaller amount!
📊 Put Money Amounts in Order
Two Types of Ordering:
1. Ascending Order (smallest to largest)
• From least money to most money
• Numbers get bigger →
2. Descending Order (largest to smallest)
• From most money to least money
• Numbers get smaller →
Steps to Order Money:
- Find all amounts - Calculate each total if needed
- Compare the amounts - Which is smallest? Which is largest?
- Arrange in order - Follow ascending or descending as asked
Examples:
Example 1: Ascending Order
Given amounts: ₹450, ₹120, ₹380, ₹200
Ascending Order (smallest to largest):
₹120, ₹200, ₹380, ₹450 ✓
Example 2: Descending Order
Given amounts: ₹65, ₹180, ₹95, ₹150
Descending Order (largest to smallest):
₹180, ₹150, ₹95, ₹65 ✓
➕➖ Add and Subtract Money Amounts
Adding Money
\(\text{Total} = \text{Amount 1} + \text{Amount 2}\)
Example: Addition
Problem: ₹235 + ₹180 = ?
Step 1: Line up the numbers
₹235
+ ₹180
-------
Step 2: Add from right to left
5 + 0 = 5
3 + 8 = 11 (write 1, carry 1)
2 + 1 + 1 = 4
Answer: ₹415 ✓
Subtracting Money
\(\text{Difference} = \text{Larger Amount} - \text{Smaller Amount}\)
Example: Subtraction
Problem: ₹500 - ₹275 = ?
Step 1: Line up the numbers
₹500
- ₹275
-------
Step 2: Subtract from right to left (borrow if needed)
0 - 5: Can't do, borrow → 10 - 5 = 5
9 - 7 = 2 (after borrowing)
4 - 2 = 2 (after borrowing)
Answer: ₹225 ✓
đź“– Add Money Amounts - Word Problems
Steps to Solve:
- Read carefully - Understand the problem
- Find the numbers - What are the money amounts?
- Decide the operation - Add or subtract?
- Solve - Do the math
- Write the answer - Include ₹ symbol
- Check - Does it make sense?
Example Problems:
Problem 1: Shopping
Ravi buys a notebook for ₹45 and a pencil box for ₹85. How much does he spend in total?
Given: Notebook = ₹45, Pencil box = ₹85
Operation: Add (find total)
Calculation: \(45 + 85 = 130\)
Answer: Ravi spends ₹130 in total. ✓
Problem 2: Saving Money
Priya has ₹250. She buys a toy for ₹120. How much money does she have left?
Given: Had = ₹250, Spent = ₹120
Operation: Subtract (find remaining)
Calculation: \(250 - 120 = 130\)
Answer: Priya has ₹130 left. ✓
Problem 3: Multiple Items
Amit buys 3 books. Each book costs ₹75. How much does he pay for all 3 books?
Given: 3 books, Each = ₹75
Operation: Multiply or Add
Method 1: \(3 \times 75 = 225\)
Method 2: \(75 + 75 + 75 = 225\)
Answer: Amit pays ₹225. ✓
đź“‹ Price Lists
What is a Price List?
A price list is a table or list that shows the prices of different items. We use it to find costs and calculate totals!
Example Price List: School Store
Item | Price |
---|---|
Pencil | ₹5 |
Eraser | ₹3 |
Notebook | ₹40 |
Geometry Box | ₹120 |
Water Bottle | ₹85 |
Using Price Lists:
Question 1: Single Item
How much does a geometry box cost?
Answer: Look at the price list → ₹120 ✓
Question 2: Multiple Items
Sita buys 2 pencils and 1 notebook. How much does she pay?
Find prices:
2 pencils: \(2 \times 5 = ₹10\)
1 notebook: ₹40
Total: \(10 + 40 = ₹50\) ✓
Question 3: Budget Problem
Rahul has ₹100. Can he buy a geometry box and an eraser?
Calculate cost:
Geometry box: ₹120
Eraser: ₹3
Total needed: \(120 + 3 = ₹123\)
Compare: ₹100 < ₹123
Answer: NO, he needs ₹23 more. ✗
📝 Important Formulas Summary
Counting Money:
\(\text{Total} = (\text{Number of notes/coins}) \times (\text{Value})\)
Making Change:
\(\text{Change} = \text{Money Given} - \text{Price}\)
Adding Money:
\(\text{Total} = \text{Amount 1} + \text{Amount 2} + ...\)
Subtracting Money:
\(\text{Remaining} = \text{Starting Amount} - \text{Spent}\)
Enough Money Check:
If \(\text{Your Money} \geq \text{Price}\), then YES âś“
If \(\text{Your Money} < \text{Price}\), then NO âś—
đź’ˇ Quick Learning Tips
- ✓ Know Indian coins: ₹1, ₹2, ₹5, ₹10, ₹20
- ✓ Know Indian notes: ₹10, ₹20, ₹50, ₹100, ₹200, ₹500
- ✓ Count larger values first (₹500, ₹200, ₹100...)
- âś“ Group same values together when counting
- âś“ Change = Money given - Price (always positive!)
- ✓ Use ₹ symbol in all money answers
- ✓ Check if you have enough: Your money ≥ Price?
- âś“ Compare money like regular numbers
- ✓ Ascending order = smallest to largest (↑)
- ✓ Descending order = largest to smallest (↓)
- âś“ Add money amounts when buying multiple items
- âś“ Subtract to find remaining money or change
- âś“ Use price lists to find costs of items
- âś“ Practice with real money at home!