Math Lesson:Math Lesson: Money Money

Peggy BeauchampPeggy Beauchamp

CS 255 Final ProjectCS 255 Final Project

Beauchamp Link PageBeauchamp Link Page

What is Money?What is Money?

Money is a very important item in our Money is a very important item in our world today. Almost everything we do world today. Almost everything we do involves money, from every day life, to involves money, from every day life, to sports and schooling.sports and schooling.

Since we handle money so often, it is Since we handle money so often, it is very important that we know how to very important that we know how to count, add, and subtract it.count, add, and subtract it.

Types of MoneyTypes of Money

DollarsDollars $1, $2, $5, $10, $20, $50, $100, $1000$1, $2, $5, $10, $20, $50, $100, $1000

CoinsCoins Fifty-cent piecesFifty-cent pieces QuartersQuarters DimesDimes NickelsNickels PenniesPennies

Dollar BillsDollar Bills

The $1, $5, and $10The $1, $5, and $10

are the most common billsare the most common bills

used today.used today.

There are also $2, $20,There are also $2, $20,

$50, $100, and $1000 $50, $100, and $1000

bills.bills.

Dollar DescriptionsDollar Descriptions

$1 contains a picture of $1 contains a picture of George Washington, our 1George Washington, our 1stst

President, on the frontPresident, on the frontand the national symbol and the national symbol on the back.on the back. $5 contains a picture of $5 contains a picture of Abraham Lincoln on the frontAbraham Lincoln on the frontand the Lincoln Memorial on and the Lincoln Memorial on the back.the back. $10 contains a picture of$10 contains a picture ofAlexander Hamilton on the Alexander Hamilton on the front and the White House onfront and the White House onthe back.the back.

Basic History of Money

What Coins Stand ForWhat Coins Stand For

Fifty-cent piece = 50 cents or $.50 Fifty-cent piece = 50 cents or $.50

Quarter = 25 cents or $.25Quarter = 25 cents or $.25

Dime = 10 cents or $.10Dime = 10 cents or $.10

Nickel = 5 cents or $.05Nickel = 5 cents or $.05

Penny = 1 cent or $.01Penny = 1 cent or $.01

Some Possible Money Some Possible Money CombinationsCombinations

1 quarter = 2 dimes and 1 nickel1 quarter = 2 dimes and 1 nickel 1 quarter = 1 dime and 3 nickels1 quarter = 1 dime and 3 nickels 1 quarter = 25 pennies1 quarter = 25 pennies 1 dime = 2 nickels1 dime = 2 nickels 1 dime = 1 nickel and 5 pennies1 dime = 1 nickel and 5 pennies 1 dime = 10 pennies1 dime = 10 pennies 1 nickel = 5 pennies1 nickel = 5 pennies

Printable Play Money

Some Sample ProblemsSome Sample Problems

What is 2 quarters, 1 dime, and 1 penny?What is 2 quarters, 1 dime, and 1 penny?

How many dimes are in $.50?How many dimes are in $.50?

What is 1 dollar, 5 dimes, and 2 nickels?What is 1 dollar, 5 dimes, and 2 nickels?

How many quarters are in $1.00How many quarters are in $1.00

AnswersAnswers

$.61 or 61 cents$.61 or 61 cents

FiveFive

$1.60 or 1 dollar and 60 cents$1.60 or 1 dollar and 60 cents

FourFour

Making ChangeMaking Change

Making change is a very important concept to Making change is a very important concept to learn. When you buy something you need to learn. When you buy something you need to know how much it is and how much you have, know how much it is and how much you have, to see if you have enough.to see if you have enough.

To learn the concept of money, you are To learn the concept of money, you are basically subtracting the cost of something basically subtracting the cost of something from what you have to spend.from what you have to spend.

The basic way to learn how to subtract money The basic way to learn how to subtract money is to start with a dollar and simply subtract the is to start with a dollar and simply subtract the number of cents from 100.number of cents from 100.

Change Maker

Making Change ProblemsMaking Change Problems

If you bought a candy bar for $.55 and paid If you bought a candy bar for $.55 and paid with a $1 bill, how much money would you get with a $1 bill, how much money would you get back?back?

There are three things you want from the store, There are three things you want from the store, one is $.25, another is $.54, and the last one is one is $.25, another is $.54, and the last one is $.30. If you have a $1.00 bill, is that enough to $.30. If you have a $1.00 bill, is that enough to get all three?get all three?

If you have $2, how much will you have left If you have $2, how much will you have left over if you buy something for $1.75?over if you buy something for $1.75?

AnswersAnswers

$.45 or 45 cents.$.45 or 45 cents.

No, your total is $1.09 and you only have No, your total is $1.09 and you only have a $1.00.a $1.00.

$.25 or 25 cents.$.25 or 25 cents.

Money in Different Money in Different CountriesCountries

Money is also known as currency.Money is also known as currency. The type of currency differs from country to The type of currency differs from country to

country.country. The U.S. uses the type of money we have The U.S. uses the type of money we have

been talking about.been talking about. Canada has it’s own monetary system and its Canada has it’s own monetary system and its

money is worth less than ours.money is worth less than ours. Pesos, Deutsch Marks, Yens, and Euros are Pesos, Deutsch Marks, Yens, and Euros are

just a few of the other types of currency.just a few of the other types of currency.More Currency InformationMore Currency Information

Test Your KnowledgeTest Your Knowledge

I have put together the following money quiz to I have put together the following money quiz to test your knowledge of this presentation. test your knowledge of this presentation. ENJOY!ENJOY!

Money QuizMoney Quiz

AnswersAnswers

ReviewReview

You should now be able to recognize the You should now be able to recognize the following:following:

What money is.What money is. The different types of money and what they are The different types of money and what they are

worth.worth. What is on the $1, $5, and $10 bills.What is on the $1, $5, and $10 bills. How to count, add, and subtract money.How to count, add, and subtract money. How to make change.How to make change. Some different types of currency.Some different types of currency.

THE ENDTHE END

I hope you enjoyed the I hope you enjoyed the presentation, that’s all presentation, that’s all

folks!!!folks!!!