Use of Decimal in Calculating Money

We will learn the use of decimal in calculating money.

As we already know that,

100 cents = 1 dollar or 100 ¢ = $ 1

So, one cent is one hundredths of a dollar.

or, 1 ¢ = $ \(\frac{1}{100}\) = $ 0.01

Similarly, 10 ¢ = $ 0.10                    (10 cents is ten hundredths of a dollar)

             50 ¢ = $ 0.50                    (50 cents is fifty hundredths of a dollar)

Dollars and cents can be expressed together as decimals.

For example,

8 dollars 25 cents = $ 8.25

24 dollars 96 cents = $ 24.96

25 dollars 40 cents = $ 25.40

120 dollars 29 cents = $ 120.29

10 dollars 5 cents = $ 10.05

238 dollars 03 cents = $ 238.03


Note: In a decimal, cents are always written in double figures.

For example, 5 ¢ = $ 0.05 and 9 ¢ = $ 0.09

Addition and subtract of money is same like addition and subtraction of decimal and whole number.







4th Grade Math Activities

From Use of Decimal in Calculating Money to HOME PAGE




Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.



New! Comments

Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.




Share this page: What’s this?

Recent Articles

RSS

  1. Worksheet on Mixed Addition and Subtraction | Questions on Addition

    Jan 12, 25 02:14 PM

    In worksheet on mixed addition and subtraction the questions involve both addition and subtraction together; all grade students can practice the questions on addition and subtraction together.

    Read More

  2. Estimating Sums and Differences | Estimations | Practical Calculations

    Jan 12, 25 02:02 PM

    Estimating Difference
    For estimating sums and differences in the number we use the rounded numbers for estimations to its nearest tens, hundred, and thousand. In many practical calculations, only an approximation is requir…

    Read More

  3. Combination of Addition and Subtraction | Mixed Addition & Subtraction

    Jan 12, 25 01:36 PM

    Add and Sub
    We will discuss here about the combination of addition and subtraction. The rules which can be used to solve the sums involving addition (+) and subtraction (-) together are: I: First add

    Read More

  4. Checking Subtraction using Addition |Use Addition to Check Subtraction

    Jan 12, 25 01:13 PM

    Checking Subtraction using Addition Worksheet
    We can check subtraction by adding the difference to the smaller number. Since the sum of difference and smaller number is equal to the larger number, subtraction is correct.

    Read More

  5. Worksheet on Subtraction of 4-Digit Numbers|Subtracting 4-Digit Number

    Jan 12, 25 09:04 AM

    Worksheet on Subtraction of 4-Digit Numbers
    Practice the questions given in the worksheet on subtraction of 4-digit numbers. Here we will subtract two 4-digit numbers (without borrowing and with borrowing) to find the difference between them.

    Read More