Hey there! Today, we’re going to learn about adding and subtracting money. It’s like playing with numbers and coins! Let’s start by getting to know our coins and bills.
Here are some coins and their values:
And here are some bills:
When we add or subtract money, we use decimals. The dollars are on the left side of the decimal point, and the cents are on the right side. Let’s see how it works!
Imagine you have five dollars and thirty-five cents. In decimal, that’s 5.35. Now, if you add two dollars and seventy cents (2.70), it looks like this:
5.35 + 2.70 = 8.05
So, you have eight dollars and five cents!
Let’s say you have ten dollars and you buy a stuffed animal for four dollars and fifty cents. How much money do you have left?
Here’s how you do it:
10.00 – 4.50 = 5.50
Now, you have five dollars and fifty cents left!
Adding and subtracting money is fun and easy with practice. Try using some worksheets to become a money math expert!
We hope you enjoyed learning with us. Keep practicing, and you’ll be great at money math in no time!
Coin and Bill Hunt: At home, gather different coins and bills. With the help of an adult, create a small “store” with items priced using these coins and bills. Practice buying and selling items by adding up the coins and bills to match the price. Can you find different combinations of coins to make the same amount?
Money Match Game: Create a set of cards with pictures of coins and bills on one side and their values on the other. Mix them up and play a matching game. Try to match the coin or bill with its correct value. This will help you remember how much each coin and bill is worth.
Real-Life Money Math: Next time you go shopping with your family, look at the prices of items. Choose two items and add their prices together. How much would they cost if you bought both? If you have a budget of ten dollars, how much money would you have left after buying them?
Sure! Here’s a sanitized version of the transcript:
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Welcome to our lesson on adding and subtracting money! Before we begin, it’s important to know the value and decimal representation for each coin and dollar amount.
Here is a penny: its decimal amount is 0.01.
Here’s a nickel: its decimal amount is 0.05 or 5 cents.
Here’s a dime: its decimal amount is 0.10 or 10 cents.
Here’s a quarter: its decimal amount is 0.25 or a quarter of a dollar.
Here’s a half dollar: its decimal amount is 0.50 or 50 cents.
This is a dollar: its decimal amount is 1.00 or one dollar.
This is five dollars: its decimal amount is 5.00.
And here’s ten dollars: its decimal amount is 10.00.
To add and subtract money, the amounts must first be written as decimals. The number of dollars will be written as the whole number to the left of the decimal, and the cents will be written as a fraction of a dollar to the right of the decimal point.
For example, the amount five dollars and thirty-five cents would be written as 5.35, because there is one five-dollar bill, one quarter, and one dime.
As with any decimal addition or subtraction problem, the most important thing to remember is that the decimal points must be lined up.
Adding two dollars and seventy cents to our five dollars and thirty-five cents would look like this:
5.35 + 2.70 = 8.05, or eight dollars and five cents.
Subtracting the amount would look like this:
5.35 – 2.70 = 2.65, or two dollars and sixty-five cents.
Let’s look at another problem. If we have ten dollars and purchase a stuffed animal for four dollars and fifty cents, how much money do we have left?
Let’s see:
10.00 – 4.50 = 5.50, or five dollars and fifty cents.
And there you have it! Adding and subtracting money can be fun. Practice with the worksheets so you can become an expert in adding and subtracting money.
We hope you enjoyed learning with us! Visit us at learnbrite.org for thousands of free resources and turnkey solutions for teachers and homeschoolers.
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