Counting Money

Counting money can be used as a learning process. It can be applied to understand and identify place values of digits and face values of numbers. Counting money is an integral part of learning through daily allowance, saving up pocket money, and coin collections.

Money is classified as cents, nickel, dime, quarter and dollar.

 

 

How to Count Money?

Counting money becomes more interesting if each individual coins are examined carefully and understanding the small details of each president provided on the flip side of coins.

Identifying the president's and remembering the coin denomination would help learning the basics of counting money. These are classified with basic of cent. Cent is also known as penny.

1 penny	1 cent
1 nickel	5 cents
1 dime	10 cents
1 quarter	25 cents
1 half dollar	50 cents
1 dollar	100 cents

Steps to learn counting money:

1. Identifying the coin by name (penny, nickel, dime and quarter)

2. Matching the coins they represent.

3. Arranging different coins in order of smallest to largest.

4. Counting coins of different values.

Adding and Subtracting Money

 

Adding and subtracting with money is exactly the same as adding or subtracting decimals. When you adding or subtracting money, make sure to line up the place values. Counting money online is the fastest and accurate way to calculate money.

Steps for adding and Subtracting money:

Step 1: Make sure all numbers are in same units.

Step 2: Line up the decimal points underneath each other.

Step 3: Start calculation from the right.

Solved Examples

Question 1: Add 25 dollars and 50 dollars.
Solution:

       2 5 . 0 0
+     5 0 . 0 0
   -------------------
       7 5 . 0 0 dollars
  --------------------

Question 2: Subtract 25cent from 2quarter.
Solution:

Step 1:

1 quarter = 25 cents

2 quarter = 2 * 25 = 50 cents

Step 2:

50 cents - 25 cents

   5 0 . 0 0 cents
-  2 5 . 0 0 cents
-------------------------
   2 5 . 0 0 cents
--------------------------

Counting Money for Kids

 

Counting money is important because you want to know how much money to give person when you buy chocolates and how much you should get back.

Calculate how many Cent, Dime and Quarter shown below and how much money you have?



Cents = 3

Dime = 2

Quarter = 1

Total money = 3 cents + 2 dimes + 1quarter.

Examples of Counting Money

Below are the examples on counting money:

Solved Examples

Question 1: Convert the following into cents
a) 3 nickels
b) 2 dime
c) 4 quarters
d) 2 dollar
Solution:

By using the above table we find the answers

a) 3 nickels = 3 x 5

= 15 cents

b) 2 dime = 2 x 10

= 20 cents

c) 4 quarters = 4 x 25

= 100 cents

d) 2 dollar = 2 x 100

= 200 cents

Question 2: Convert 20 nickels to dime
Solution:

1 nickel = 5 cents

2 nickel = 10 cents = 1 dime

So 20 nickels = 10 dime

Question 3: Find the total in cents if there are 2 dime, 2 quarter, 1 dollar and 3 nickels
Solution:

     2 dime = 2 x 10 = 20 cents

   2 quarter= 2 x 25 = 50 cents

1 dollar = 1 x 100 = 100 cents

      3 nickel = 3 x 5 = 15 cents
------------------------------------------
                    Total = 1 8 5 cents
------------------------------------------

Question 4: Calculate to nickel. 3 quarter and 2 dime
Solution:

1 quarter = 25 cents = 5 nickels

So 3 quarter = 3 x 5 = 15 nickels

1 dime = 10 cents = 2 nickels

2 dime = 2 x 2 = 4 nickels

Total = 15 + 4 = 19 nickels

Practice Counting Money

Practice Problems

Question 1: Convert the following to cents.

a) 7 dimes
b) 4 quarter
c) 3 dollar
d) 19 nickel

Question 2: Calculate 5 dollar to quarter.

Question 3: Find how many dimes make 3 dollar and 2 quarter.