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.
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 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 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.