Class 2 Exam > Class 2 Notes > Mathematics for Class 2 > Word Problem: Money - 1
Word Problem: Money - 1 | Mathematics for Class 2 PDF Download
Q.1. Lucas has 2 one-dollar bills, 3 dimes and 3 nickels. How much money does Lucas have?
$1 + $1 = $2
10¢ + 10¢ + 10¢ + 5¢ + 5¢ + 5¢ = 45 cents
Lucas has $2.45.
Q.2. Owen has $2.35, and he spends 1 dime and 3 nickels. How much money does he have?
10¢ + 5¢ + 5¢ + 5¢ = 25 cents
Owen spends 25 cents.
35¢ - 25¢ = 10¢
Owen has $2.10.
Q.3. Ella has 4 one-dollar bills, 3 quarters and 5 dimes. Logan has 1 five-dollar bill and 1 nickel. Who has more money?
25¢ + 25¢ + 25¢ + 10¢ + 10¢ + 10¢ + 10¢ + 10¢ = 125
cents = $1.25 in coins
$1 + $1 + $1 + $1 = $4 in bills
Ella has $5.25.
Logan has $5.05.
Ella has more money.
Q.4. Noah had $2.55, and he gave 2 dimes and 1 penny to his younger brother. How much money did Noah have left?
55¢ – 10¢ – 10¢ – 1¢ = 34¢
Noah had $2.34 left.
Q.5. Charlotte had $4.02 cents and she found 3 dimes and 2 nickels at the back of her drawer. How much money did she have altogether?
10¢ + 10¢ + 10¢ + 5¢ + 5¢ = 40¢ found
Charlotte had $4.42 altogether.
Q.6. Jack has 1 five-dollar bill and 3 dimes. Jay has 4 one-dollar bills and 6 quarters. Who has more money?
10¢ + 10¢ + 10¢ = 30¢
Jack has $5.30.
25¢ + 25¢ + 25¢ + 25¢ + 25¢ + 25¢ = $1.50
Jay has $5.50.
Jay has more money.
Q.7. Michael had 4 quarters and 4 dimes. After he lost 50 cents, how much money did Michael have left?
25¢ + 25¢ + 25¢ + 25¢ + 10¢ + 10¢ + 10¢ + 10¢ - 50¢ = 90¢
Michael had 90 cents left.
Q.8. Isabella had $2.78, and she spent a dollar and 2 quarters. How much money did Isabella had left?
78¢ - 25¢ - 25¢ = 28¢
Isabella had $1.28 left.
Q.9. Dan has $1.35, and Evelyn has 1 one-dollar bill, 1 quarter and 3 nickels. Who has more money?
25¢ + 5¢ + 5¢ + 5¢ = 40¢
Evelyn has $1.40.
Evelyn has more money.
Q.10. Liam has 2 one-dollar bills, and his aunt Jean gives him 3 quarters and 1 dime. How much money does Liam have?
$1 + $1 = $2
25¢ + 25¢ + 25¢ + 10¢ = 85¢
Liam has $2.85.
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FAQs on Word Problem: Money - 1 - Mathematics for Class 2
| 1. What are some effective ways to save money? |  |
Ans. Some effective ways to save money include creating a budget and tracking expenses, cutting unnecessary expenses, saving on utility bills by conserving energy, shopping smart by comparing prices and using coupons, and setting financial goals to stay motivated.
| 2. How can I reduce my debt and manage my finances better? | |
Ans. To reduce debt and manage finances better, it's important to prioritize debt payments by paying off high-interest debts first, creating a payment plan, and negotiating with creditors for lower interest rates or extended payment terms. Additionally, budgeting, cutting unnecessary expenses, and seeking professional financial advice can also be helpful.
| 3. What are some good investment options for beginners? | |
Ans. Some good investment options for beginners include starting a retirement account like a 401(k) or an IRA, investing in low-cost index funds or ETFs, and diversifying investments by allocating funds to stocks, bonds, and real estate. It's also important to research and understand the risks associated with each investment option before committing funds.
| 4. How can I improve my credit score? | |
Ans. To improve your credit score, make sure to pay bills on time, keep credit card balances low, avoid opening too many new credit accounts, and regularly check credit reports for errors and discrepancies. Additionally, maintaining a long credit history and having a mix of different types of credit can also contribute positively to your credit score.
| 5. What are some effective strategies for saving money on taxes? | |
Ans. Some effective strategies for saving money on taxes include maximizing deductions and credits, contributing to retirement accounts, utilizing tax-advantaged savings accounts like HSAs or FSAs, and taking advantage of tax-efficient investment strategies. It's advisable to consult with a tax professional to ensure compliance with tax laws and to explore additional tax-saving opportunities.
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