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Math Lesson: Money Math Lesson: Money Peggy Beauchamp CS 255 Final Project Beauchamp Link Page Beauchamp Link Page

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What is Money? Money is a very important item in our world today. Almost everything we do involves money, from every day life, to sports and schooling. Money is a very important item in our world today. Almost everything we do involves money, from every day life, to sports and schooling. Since we handle money so often, it is very important that we know how to count, add, and subtract it. Since we handle money so often, it is very important that we know how to count, add, and subtract it.

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Types of Money Dollars Dollars $1, $2, $5, $10, $20, $50, $100, $1000 $1, $2, $5, $10, $20, $50, $100, $1000 Coins Coins Fifty-cent pieces Fifty-cent pieces Quarters Quarters Dimes Dimes Nickels Nickels Pennies Pennies

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Dollar Bills The $1, $5, and $10 The $1, $5, and $10 are the most common bills used today. There are also $2, $20, There are also $2, $20, $50, $100, and $1000 bills.

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Dollar Descriptions $1 contains a picture of $1 contains a picture of George Washington, our 1 st President, on the front and the national symbol on the back. $5 contains a picture of $5 contains a picture of Abraham Lincoln on the front and the Lincoln Memorial on the back. $10 contains a picture of $10 contains a picture of Alexander Hamilton on the front and the White House on the back. Basic History of Money

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What Coins Stand For Fifty-cent piece = 50 cents or $.50 Fifty-cent piece = 50 cents or $.50 Quarter = 25 cents or $.25 Quarter = 25 cents or $.25 Dime = 10 cents or $.10 Dime = 10 cents or $.10 Nickel = 5 cents or $.05 Nickel = 5 cents or $.05 Penny = 1 cent or $.01 Penny = 1 cent or $.01

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Some Possible Money Combinations 1 quarter = 2 dimes and 1 nickel 1 quarter = 2 dimes and 1 nickel 1 quarter = 1 dime and 3 nickels 1 quarter = 1 dime and 3 nickels 1 quarter = 25 pennies 1 quarter = 25 pennies 1 dime = 2 nickels 1 dime = 2 nickels 1 dime = 1 nickel and 5 pennies 1 dime = 1 nickel and 5 pennies 1 dime = 10 pennies 1 dime = 10 pennies 1 nickel = 5 pennies 1 nickel = 5 pennies Printable Play Money

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Some 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 $1.00 How many quarters are in $1.00

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Answers $.61 or 61 cents $.61 or 61 cents Five Five $1.60 or 1 dollar and 60 cents $1.60 or 1 dollar and 60 cents Four Four

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Making Change Making change is a very important concept to learn. When you buy something you need to know how much it is and how much you have, to see if you have enough. Making change is a very important concept to learn. When you buy something you need to know how much it is and how much you have, to see if you have enough. To learn the concept of money, you are basically subtracting the cost of something from what you have to spend. To learn the concept of money, you are basically subtracting the cost of something from what you have to spend. The basic way to learn how to subtract money is to start with a dollar and simply subtract the number of cents from 100. The basic way to learn how to subtract money is to start with a dollar and simply subtract the number of cents from 100. Change Maker

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Making Change Problems If you bought a candy bar for $.55 and paid with a $1 bill, how much money would you get back? If you bought a candy bar for $.55 and paid with a $1 bill, how much money would you get back? There are three things you want from the store, one is $.25, another is $.54, and the last one is $.30. If you have a $1.00 bill, is that enough to get all three? There are three things you want from the store, one is $.25, another is $.54, and the last one is $.30. If you have a $1.00 bill, is that enough to get all three? If you have $2, how much will you have left over if you buy something for $1.75? If you have $2, how much will you have left over if you buy something for $1.75?

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Answers $.45 or 45 cents. $.45 or 45 cents. No, your total is $1.09 and you only have a $1.00. No, your total is $1.09 and you only have a $1.00. $.25 or 25 cents. $.25 or 25 cents.

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Money in Different Countries Money is also known as currency. Money is also known as currency. The type of currency differs from country to country. The type of currency differs from country to country. The U.S. uses the type of money we have been talking about. The U.S. uses the type of money we have been talking about. Canada has its own monetary system and its money is worth less than ours. Canada has its own monetary system and its money is worth less than ours. Pesos, Deutsch Marks, Yens, and Euros are just a few of the other types of currency. Pesos, Deutsch Marks, Yens, and Euros are just a few of the other types of currency. More Currency Information More Currency Information

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Test Your Knowledge I have put together the following money quiz to test your knowledge of this presentation. ENJOY! I have put together the following money quiz to test your knowledge of this presentation. ENJOY! Money Quiz Money Quiz Answers

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Review You should now be able to recognize the following: You should now be able to recognize the following: What money is. What money is. The different types of money and what they are worth. The different types of money and what they are 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.

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THE END I hope you enjoyed the presentation, thats all folks!!!

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To count coins, there are three things you should know… The identity of each coinThe value of each coin How to skip count by one, five, ten, or twenty-five.

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