Money — Revision Notes
ICSE · Class 5 · Mathematics
Money revision notes for ICSE Class 5 Mathematics: 4 topics in quick points. Part of the ICSE Class 5 Mathematics syllabus.
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Key Topics to Revise
1. Understanding Rupees and Paise
- Indian currency is in rupees (₹) and paise (p).
- 1 rupee = 100 paise.
- We write money using decimals: ₹12.50 means 12 rupees and 50 paise.
2. Converting Rupees to Paise and Vice Versa
- To convert rupees to paise: Multiply by 100.
- To convert paise to rupees: Divide by 100 or place decimal two digits from the right.
- Example: ₹4.75 = 475 paise; 85 paise = ₹0.85.
3. Addition and Subtraction of Money
- Always write amounts in decimal form with rupees and paise.
- Align decimal points when adding or subtracting.
- Borrow and carry over just like regular decimal numbers.
4. Multiplication and Division of Money
- Used to find total cost of multiple items or cost per unit.
- Multiply or divide just like decimal numbers.
- Always write the final answer with ₹ symbol and two decimal places.
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