MONEY - ESSENTIAL POINTS
- We use rupees and paisa as money (currency) in India.
- Money is available in either coins or notes.
- Common coins available are 50 paisa, 1 rupee, 5 rupees, 10 rupees
- Common notes available are 5 Rs, 10 Rs, 20 Rs, 50 Rs, 100 Rs, 500 Rs, 2000 Rs.
- 100 Paise – 1 Re
- 1 Paisa = Rs. 1/100
- When writing the money amount, Rupees and paise are separated by a dot.
- When we know the cost of many items and want to find the cost of 1 item, we divide.
- When we know the cost of 1 item and want to derive the cost of many items we multiply.
