Adding Money

Money is considered as a medium, exchanged for goods and service and is used as a measure of affluence.

• The money is written in many ways and its units are cents, dollars etc.
• Money is marked in particular way. Cents may be write with the ¢ sign and dollars is write with the dollar sign ($)

Example:

$125.23

125 is the dollar amount and the 0.23 is the cents.

How to Add Money

Steps For Adding Money:
Step 1: Convert all different units in one unit.
Step 2: Add the money by keeping the money unit as it is.

Here are the examples on Adding money-

Solved Examples

Question 1: What is the Sum of the two Amounts?
543 + 87¢

Solution:

543 + 87¢
= $ 543.87
= ¢ 54,387

Question 2: Find out the cents are involved in 8 dollars, 2 dimes and 6 pennies worth? Find out the cents are involved in 5 dollars, 7 dimes and 5 pennies worth? Adding money for given moneys?
Solution:

Calculate by hundreds 8 times for the 8 dollars 100, 200, 300, 400, 500, 600, 700, 800

Calculate by tens for the 2 dimes: 810,820

Calculate by ones for the 6 pennies: 821, 822,823, 824, 825, 826

Answer: 8 dollars, 2 dimes and 6 pennies are worth 826 ¢

826 ¢ is the same as $ 8.26 since there are 100 cents per dollar

Calculate by hundreds 5 times for the 5 dollars 100, 200, 300, 400, 500

Calculate by tens for the 7 dimes: 510,520, 530, 540, 550, 560, 570

Calculate by ones for the 5 pennies: 571, 572,573, 574, 575

Answer: 5 dollars, 7 dimes and 5 pennies are worth 575 ¢

575 ¢ is the same as $ 5.75

Adding the both answers in dollars:
Answer 1 + Answer 2 = Answer
826 ¢ + 575 ¢ = 1401 ¢
Converting cents to dollars
1401100 = $ 14.01

Correct answer is $ 14.01

Examples of Adding Money

Solved Examples

Question 1: Find out the cents are involved in the 8 dollars, 5 dimes and 8 pennies worth?
Solution:

Calculate by hundreds 8 times for the 100 dollars 100, 200, 300, 400, 500, 600, 700, 800

Calculate by tens for the 5 dimes: 810,820, 830, 840, 850

Calculate by ones for the 8 pennies: 851, 852, 853, 854, 855, 856, 857, 858

Answer: 8 dollars, 5 dimes and 8 pennies are worth 858 ¢

858 ¢ is the same as $ 8.58

Question 2: Find out the cents are involved in the 5 dollars, 3 dimes and 2 pennies worth?
Solution:

Calculate by hundreds 5 times for the 5 dollars 100, 200, 300, 400, 500

Calculate by tens for the 3 dimes: 510,520, 530

Calculate by ones for the 2 pennies: 531, 532

Answer: 5 dollars, 3 dimes and 2 pennies are worth 532 ¢
532 ¢ is the same as $ 5.32