Class 3 Exam  >  Class 3 Notes  >  Mathematics for Class 3  >  Practice Questions with Solutions: Money

Class 3 Maths - Money - Question Answers

Question 1: Add ₹ 42.20, ₹ 10.40 and ₹ 36.30

We write the given amounts in such a way that paise come below, paise, rupees come below rupees and dot comes below dot.
So, required sum =
Class 3 Maths - Money - Question Answers


Question 2: Vaibhav purchased a book for ₹ 56.25, a pen for ₹ 20 .50 and a notebook for ₹ 15. How much money did he spend on buying all these items?

Step 1: Write the money in such a way that paise come below paise, rupees come below rupees and dot below the dot.
Cost of a book = ₹ 56.25
Cost of a pen = ₹ 20.50
Cost of a notebook = ₹ 15.00 (Insert 00 when paise are not there.)
Step 2: Add the amounts as we add numbers.
Class 3 Maths - Money - Question Answers
So, Vaibhav spent ₹ 91.75 in all.


Question 3: Subtract ₹ 32.40 from ₹ 84.70

We write the given amounts such that paise come below paise, rupees come below rupees and dot comes below dot.
So, required difference =
Class 3 Maths - Money - Question Answers


Question 4: Sham ita has ₹ 90. 75. She gave ₹ 50.50 to her sister Mona. How much amount is left with her?

Step 1: Write the money in such a way that paise come below paise, rupees come below rupees and dot below the dot.
Money with Shamita = ₹ 90 .75
Money given to Mona = ₹ 50.50
Step 2: Subtract the amounts as we subtract numbers.
Class 3 Maths - Money - Question Answers


Question 5: A book for ₹ 45.50 a toy for ₹ 30.25 and a frock for ₹ 110.50.

We can prepare a bill as follows:
Class 3 Maths - Money - Question Answers
Amount Paid = ₹ 100 + ₹ 50 + ₹ 50 = ₹ 200
Class 3 Maths - Money - Question Answers
Amount received as change = ₹ 13.75

The document Class 3 Maths - Money - Question Answers is a part of the Class 3 Course Mathematics for Class 3.
All you need of Class 3 at this link: Class 3
12 videos|60 docs|25 tests

Top Courses for Class 3

FAQs on Class 3 Maths - Money - Question Answers

1. What is the definition of money?
Ans. Money is a medium of exchange that is widely accepted in transactions for goods and services. It can take various forms such as coins, banknotes, or digital currency.
2. How is money created?
Ans. Money is created through a process called monetary policy, which is controlled by the central bank of a country. The central bank can increase the money supply by buying government securities or lowering interest rates, and decrease the money supply by selling government securities or raising interest rates.
3. What are the functions of money?
Ans. Money serves three main functions: a medium of exchange, a unit of account, and a store of value. It allows for the easy exchange of goods and services, provides a common measure of value, and enables individuals to save and accumulate wealth.
4. What is the difference between fiat money and commodity money?
Ans. Fiat money is currency that is not backed by a physical commodity, but rather by the trust and confidence of the people using it. Commodity money, on the other hand, has intrinsic value as it is made of a valuable commodity such as gold or silver.
5. How does inflation affect the value of money?
Ans. Inflation erodes the value of money over time. As the general price level of goods and services increases, the purchasing power of a unit of currency decreases. Therefore, inflation reduces the value of money and can decrease the standard of living for individuals and businesses.
12 videos|60 docs|25 tests
Download as PDF
Explore Courses for Class 3 exam

Top Courses for Class 3

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Related Searches

Semester Notes

,

Objective type Questions

,

Class 3 Maths - Money - Question Answers

,

practice quizzes

,

Extra Questions

,

Previous Year Questions with Solutions

,

ppt

,

shortcuts and tricks

,

Free

,

Summary

,

pdf

,

Sample Paper

,

mock tests for examination

,

Exam

,

Class 3 Maths - Money - Question Answers

,

past year papers

,

Viva Questions

,

study material

,

MCQs

,

video lectures

,

Important questions

,

Class 3 Maths - Money - Question Answers

;