In the previous post we have discussed about Negative and Positive Numbers and In today's session we are going to discuss about counting money.
When we talk about the transactions in earlier times, we recall the barter system of transaction. In this system we exchange the articles as per our requirements. Later the transaction of the objects was converted into the standard form, where the cost of each item was calculated in terms of the currency of each country. We call this currency as money. Let us talk about counting money, where we have the standard unit of money in India as Rupees.
In case of Rupees, we say that 1 rupee is equal to 100 Paisa.
Now we say that the money can be converted into paisa in the following ways:
If we talk about converting rupees into paisa we say that the rupees will be multiplied into paisa by multiplying it by 100. So if we need to convert 3 Rupees into paisa, we write 3 Rupees = 3 * 100 = 300 Paisa
Similarly we say that Paisa will be converted into rupees by dividing paisa by 100. So we say that we proceed as follows:
400 Paisa = 400 / 100 = 4 Rupees
655 Paisa = 655 / 100 = 6 Rupees and 55 Paisa or we write it as Rs 6.55
If the amount of paisa is less than 100 paisa, we say that the money in rupees will be expressed as follows:
60 paisa can be written as Rs 0. 60 or we write as 0 Rupees and 60 Paisa.
We can take help math online tutor to learn about how to Solve Systems of Equations. We can also download the icse board papers from the internet to get the detailed idea of the pattern of question paper. This helps the child to prepare for the upcoming examinations.
When we talk about the transactions in earlier times, we recall the barter system of transaction. In this system we exchange the articles as per our requirements. Later the transaction of the objects was converted into the standard form, where the cost of each item was calculated in terms of the currency of each country. We call this currency as money. Let us talk about counting money, where we have the standard unit of money in India as Rupees.
In case of Rupees, we say that 1 rupee is equal to 100 Paisa.
Now we say that the money can be converted into paisa in the following ways:
If we talk about converting rupees into paisa we say that the rupees will be multiplied into paisa by multiplying it by 100. So if we need to convert 3 Rupees into paisa, we write 3 Rupees = 3 * 100 = 300 Paisa
Similarly we say that Paisa will be converted into rupees by dividing paisa by 100. So we say that we proceed as follows:
400 Paisa = 400 / 100 = 4 Rupees
655 Paisa = 655 / 100 = 6 Rupees and 55 Paisa or we write it as Rs 6.55
If the amount of paisa is less than 100 paisa, we say that the money in rupees will be expressed as follows:
60 paisa can be written as Rs 0. 60 or we write as 0 Rupees and 60 Paisa.
We can take help math online tutor to learn about how to Solve Systems of Equations. We can also download the icse board papers from the internet to get the detailed idea of the pattern of question paper. This helps the child to prepare for the upcoming examinations.
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