CLASS – III

SUBJECT – MATHEMATICS
TOPIC: MONEY

PART – I

INTRODUCTION: MONEY USED IN ANY COUNTRY IS CALLED THE CURRENCY OF THAT

COUNTRY.THE INDIAN CURRENCY IS CALLED THE INDIAN RUPEE
(INR) AND THE COINS ARE CALLED PAISE.ONE RUPEE CONSISTS OF
100 PAISE. THE WORD RUPEE CAME FROM THE SANSKRIT WORD
"RAUPYA" WHICH MEANS SILVER COIN.

THE RESERVE BANK OF INDIA (RBI) IS THE BODY THAT IS IN CHARGE OF

INDIA'S CURRENCY PRODUCTION AND IS INDIA'S NATIONAL BANK.

RUPEES AND COINS OF DIFFERENT DENOMINATIONS (VALUE):

COINS IN INDIA ARE AVAILABLE IN DENOMINATIONS OF 10 PAISE, 20 PAISE, 25 PAISE,

50 PAISE, ONE RUPEE, TWO RUPEES AND FIVE RUPEES. COINS UP TO 50 PAISE ARE
CALLED 'SMALL COINS' AND COINS OF RUPEE ONE AND ABOVE ARE CALLED 'RUPEE
COINS'.

INDIAN COINS: PAISE

10 PAISE 25 PAISE 50 PAISE

1 RUPEE COIN 2 RUPEE COIN 5 RUPEE COIN

1 RUPEE = 100 PAISE

10 COINS OF 10 PAISE MAKE 1 RUPEE.

2 COINS OF 50 PAISE MAKE 1 RUPEE.

4 COINS OF 25 PAISE MAKE 1 RUPEE.

1 COIN OF 50 PAISE AND 2 COINS OF 25 PAISE MAKE 1 RUPEE.

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(COINS CAN BE COMBINED IN DIFFERENT WAYS TO GET THE REQUIRED VALUE)

INDIAN BANK NOTES: RUPEES

THE PRESENT DENOMINATIONS OF BANK NOTES IN INDIA ARE ISSUED IN THE

DENOMINATION OF RS.10, RS.20, RS.50, RS.100 AND RS.500. THESE NOTES ARE
CALLED BANK NOTES AS THEY ARE ISSUED BY THE RESERVE BANK OF INDIA
(RESERVE BANK). THE PRINTING OF THE 1, 2 & 5 DENOMINATIONS HAS BEEN
DISCONTINUED AS THESE DENOMINATIONS HAVE BEEN COINISED. HOWEVER, SUCH
NOTES ISSUED EARLIER ARE STILL IN CIRCULATION.

(NOTES CAN BE COMBINED IN DIFFERENT WAYS TO GET THE REQUIRED VALUE)

5 NOTES OF 10 RUPEES MAKE 50 RUPEES.

10 NOTES OF 5 RUPEES MAKE 50 RUPEES.

2 NOTES OF 20 RUPEES AND 1 NOTE OF 10 RUPEES MAKE 50 RUPEES.

One Rupee

Two Rupees

5 Rupees

2
10 Rupees

20 Rupees

50 Rupees

100 Rupees

500 Rupees

3
 1000 Rupees

MONEY CAN BE A COMBINATION OF RUPEES AND PAISE.

+ = Rs50. 25

(THE NUMBER AFTER THE

DOT SHOWS PAISE)

Rs50. 25 IS READ AS 50 RUPEES 25 PAISE.

FIFTY RUPEES TWENTY FIVE PAISE (WORD FORM)

REMEMBER: WHILE COUNTING THE GIVEN AMOUNT OF MONEY IT IS ALWAYS

EASIER TO START COUNTING FROM THE BIGGEST TO THE SMALLEST
DENOMINATION.

WORK TIME: BASED ON THE ABOVE GIVEN EXPLANATION DO EX-11.1 ON YOUR FAIR
NOTE BOOK.

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 PART - II

ADDITION OF MONEY:
WHILE ADDING THE GIVEN AMOUNT OF MONEY LINE UP THE POINTS AND THEN ADD
THE NUMBERS AS YOU WOULD ADD ANY NUMBER. DO NOT FORGET TO PUT THE
POINT IN THE ANSWER.

WHILE ARRANGING IN COLUMNS REMEMBER TO ARRANGE RUPEES UNDER RUPEES

AND PAISE UNDER PAISE COLUMN.

EXAMPLE: ADD Rs78 . 80 AND Rs15 . 25

11
Rs 78 . 80
+ Rs 15 . 25
Rs 94 . 05

.
. . THE SUM OF Rs 78 . 80 AND Rs 15 . 25 IS Rs 9 4 . 0 5

SUBTRACTION OF MONEY:
WHILE SUBTRACTING THE GIVEN AMOUNT OF MOMEY LINE UP THE POINTS AND
SUBTRACT AS YOU WOULD SUBTRACT ANY NUMBER. DO NOT FORGET TO PUT THE
POINT IN THE ANSWER.

EXAMPLE: SUBTRACT Rs 61 . 75 FROM Rs 85 . 50

4 14 10
Rs 8 5 . 5 0
- Rs 6 1 . 7 5
Rs 2 3 . 7 5

.
. . THE DIFFERENCE OF Rs 61 . 75 AND Rs 85 . 50 IS Rs 23 . 75

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MULTIPLICATION OF MONEY:
WHILE MULTIPLYING THE GIVEN AMOUNT OF MONEY MULTIPLY LIKE YOU WOULD
MUTIPLY ANY OTHER NUMBER. THEN WRITE Rs AND PUT THE POINT TWO PLACES
FROM THE RIGHT.

EXAMPLE 1: MULTIPLY Rs 85 BY 7

3
Rs 8 5 . 0 0
X 7
Rs 5 9 5 . 0 0

.
. . THE PRODUCT OF Rs 85 AND 7 Rs 595 . 00

EXAMPLE 2: MULTIPLY Rs 13 . 50 BY 5

12
Rs 1 3 . 5 0
X 5
Rs 6 7 . 5 0

.
. . THE PRODUCT OF Rs 13 . 50 AND 5 IS Rs 67 . 50

DIVISION OF MONEY:
WHILE DIVIDING THE GIVEN AMOUNT OF MONEY DIVIDE AS YOU WOULD DIVIDE ANY
OTHER NUMBER. THEN WRITE Rs BEFORE THE QUOTIENT.

EXAMPLE: DIVIDE Rs 96 EQUALLY AMONG 4 PEOPLE.

2 4

4 9 6
- 8 ↓
1 6
- 1 6
X

.
. . EACH PERSON WILL GET Rs 24

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WORK TIME: BASED ON THE ABOVE GIVEN EXPLANATION DO EX- 11.2 Q -1, 2, 3 AND
4 (PARTS d, e, f, g, h and i) ON YOUR FAIR NOTE BOOK. MAKE USE OF
PENCIL COLOURS AND DO NOT FORGET TO SHOW THE CARRYOVER

PART - III

WORD PROBLEMS (Q-5 EX-11.2)

(a) ABDUL SPENT Rs 38.50 AT THE FAIR. HIS SISTER SPENT Rs 12.25 LESS THAN
HIM. HOW MUCH DID HIS SISTER SPEND?

SOLUTION: AMOUNT SPENT BY ABDUL = Rs 38.50

AMOUNT SPENT BY HIS SISTER = Rs 12.25 LESS THAN Rs 38.50

= Rs 3 8 . 5 0
- Rs 1 2 . 2 5 (do it yourself)
Rs

.
. . ABDUL’S SISTER SPENT Rs AT THE FAIR.

WORK TIME: LIKE WISE DO PART c, d, e, f, g and h ON YOUR FAIR NOTEBOOK.

PART - IV

CHECKING THE BILL:

GIVEN BELOW IS A RESTAURANT’S BILL CHECK WHETHER IT IS CORRECT OR NOT.

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 BILL

QUANTITY OF ITEM COST PER ITEM Rs P

3 PIZZAS Rs 75 . 00 225 . 00
2 COLD DRINKS Rs 45 . 00 90 . 00
4 ICE CREAMS Rs 35 . 00 140 . 00
TOTAL 559 . 00

CHECK: COST OF 3 PIZZAS = Rs 75 X 3 = Rs 225 . 00

COST OF 2 COLD DRINKS = Rs 45 X 2 = Rs 90 . 00
COST OF 4 ICE CREAMS = Rs 35 X 4 = Rs 140 . 00

TOTAL = Rs 2 2 5 . 0 0
Rs 9 0 . 0 0
+ Rs 1 4 0 . 0 0
Rs 4 5 5 . 0 0

.
. . THE BILL IS INCORRECT

WORK TIME: DO QUESTIONS GIVEN ON PAGE NO. 179 ON YOUR FAIR NOTEBOOK.

PART - V

WORK TIME: DO WORKSHEET NO. 28, 29 AND 30.