Counting Money

This is a penny and it is worth $.01 (one cent). When counting pennies you count by ones. This is the front and back view of a penny.

This is a nickel and it is worth $.05 (five cents). When counting nickels you count by fives or add five cents. This is the front and back view of a nickel.

This is a dime and it is worth $.10 (ten cents). When counting dimes you count by tens or add ten cents. This is the front and back view of a dime.

This a quarter and it is worth $.25 (twenty-five cents). When counting quarters you count by 25 or add 25 cents. This is the front and back view of a quarter.

This is a one dollar bill it is worth $1.00. When counting dollars you count by ones. This is the front and back view of a one dollar bill.

This is a five dollar bill it is worth $5.00. You count these by fives. This is the front and back view of a five dollar bill.

Example:

Count the money shown:

$1.00 + $1.00 + $1.00 + $.025 + $0.25 + $.10 + $.01 + $.01 + $.01 = $3.63

Computing Money

Adding

When adding money you must line up the decimals and then add as usual.

   $5.21

+ $3.87

   $9.08

Subtracting

Just like with addition when you subtract, you must keep the decimals line up.

   $12.78

– $  6.39

   $  6.39

Multiplying

Follow the rules for multiplication. Remember to place the decimal two places over from the right and place a dollar sign before the product.

   $2.51

    ×    3

   $7.53

Dividing

Remember when dividing money place the dollar sign and the decimal directly above in the quotient.

Problem Solving

Mike had $2.00 to pay for his lunch. The lunch cost $1.30, how much will Mike get back?

   $2.00

– $1.30

   $0.70

Mike will receive $0.70 in change.