Money Class 1 Notes Maths Chapter 12

Introduction

• Money is used to buy things at a shop, online or in the market.
• In India, money or currency is in the form of rupees and paise.
• We use the symbol '₹' for rupee or rupees and 'p' for paisa or paise.

What Does Money Look Like?

• Money can look different in many ways! In India, we have shiny coins and colourful notes.
• Coins can be small and round, like the ₹1 or ₹2 coin.
• Notes, like ₹10, ₹50, or ₹100, are made of paper and have bright colours, pictures of famous people, and designs of animals or places.
• Isn't it fun to see how each coin and note is special?

Coins

• Coins are small, shiny, and made of metal.
• They come in different sizes and shapes, like round ₹1 and ₹2 coins or even a ₹5 coin.
• Each coin has a number on it to tell us its value, like "1" for ₹1 or "10" for ₹10.
• Coins are fun to collect because some have pictures of famous people, animals, or special events.
• They’re also easy to carry in your pocket!

Notes

• Notes are colourful pieces of paper that show different amounts of money.
• They come in many sizes, like ₹10, ₹20, ₹50, and even ₹2000!
• Each note has a special design with pictures of famous people, buildings, and nature.
• You can also find big numbers on them to tell you their value.
• Unlike coins, notes are light and easy to fold, so you can keep them in your wallet or bag.

Let Us Count Money

• Counting money is like solving a fun puzzle!
• First, look at the coins and notes you have.
• Add up the values of each one.
• For example, if you have a ₹10 note and a ₹5 coin, you have ₹15 in total.
• Counting money helps you know how much you can spend or save.
• It’s an exciting way to learn math and feel like a grown-up!

Going to the Bookstore

Neerav and Nisha went to a shop to buy a book. It cost ₹ 30. They did not have an exact ₹ 30 to pay. They paid a ₹ 50 note to the shopkeeper. The shopkeeper returned ₹ 20 in the form of coins and notes of smaller values (denomination) as ₹ 10 + ₹ 5 + ₹ 5.

EduRev Tip: Notes and coins of higher denominations can be exchanged for smaller denominations.

Money Stories in Real-Life Situations

Example 2: A chocolate costs ₹ 18 but I have only ₹ 15. How much more money do I need to buy the chocolate? I need ₹ 3 more to buy the chocolate.
Ans:

Activity

• The teacher arranges play money and some wrappers of chocolates, wafers, empty pencil boxes, etc. (The teacher can ask the students to bring real small eatable packets.)
• The teacher prepares price tags for items with the
• Sets up real shopping scenarios with the help of volunteer students.

Working:

• Divide the students into groups of four.
• Give play money to all groups. Display items with their price tags.
• Let one group enact as sellers and other group as buyers.
• Pose a situation like- I want to buy a pencil box which costs say, ₹ 19.
• Check how do they do simple addition and subtraction of money by using different combinations of coins and notes (up to rupees 20 only).
• Repeat the activity with other groups and have fun.