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Class 3 Exam > Class 3 Notes > Mathematics for Class 3 > Worksheet Solution: Money

Class 3 Maths - Money - CBSE Worksheets Solutions

Q: 1. What is the importance of teaching money management to children?

Ans. Teaching money management to children is important because it helps them develop essential financial skills that will benefit them throughout their lives. It teaches them the value of money, how to save, budget, and make informed spending decisions. By learning these skills early on, children can develop good financial habits and become responsible with their money as adults.

Q: 2. How can parents effectively teach their children about money?

Ans. Parents can effectively teach their children about money by starting at a young age and incorporating it into everyday activities. They can give their children an allowance and encourage them to save a portion of it. Parents can also involve their children in discussions about household finances, take them grocery shopping to compare prices, and encourage them to set financial goals. By making money management a regular part of their conversations and activities, parents can help their children develop a strong understanding of financial responsibility.

Q: 3. What are some practical ways to teach children about budgeting?

Ans. There are several practical ways to teach children about budgeting. Parents can help their children create a simple budget by dividing their allowance or earnings into different categories such as saving, spending, and giving. They can also involve their children in making decisions about family purchases, such as choosing between different options based on price and quality. Additionally, parents can encourage their children to keep track of their expenses and review their budget regularly to ensure they are staying on track.

Q: 4. How can parents teach children about the difference between needs and wants when it comes to money?

Ans. Parents can teach children about the difference between needs and wants by explaining that needs are essential for survival, while wants are things that are nice to have but not necessary. They can provide examples such as food, clothing, and shelter as needs, and toys, gadgets, and entertainment as wants. Parents can also involve their children in making decisions about purchases and discuss whether the item is a need or a want. By helping children understand the distinction, parents can teach them to prioritize their spending and make more responsible choices with their money.

Q: 5. How can parents encourage their children to save money?

Ans. Parents can encourage their children to save money by setting a good example themselves. They can establish a savings goal for the family and involve their children in achieving it. Parents can also provide incentives for saving, such as matching a portion of their child's savings or offering rewards for reaching certain milestones. Additionally, parents can help their children open a savings account and teach them about the concept of earning interest. By making saving fun and rewarding, parents can instill a positive saving habit in their children.

Question 1: Express the following in short form:

40 rupees 40 paise = ₹ 40.40
25 rupees 10 paise = ₹ 25.10
7 rupees 60 paise = ₹ 7.60

Question 2: Write in words:

₹ 35.25 = Thirty five rupees twenty five paise
₹ 0.75 = Seventy five paise
₹ 2.12 = Two rupees twelve paise

Question 3:
Class 3 Maths - Money - CBSE Worksheets Solutions Check the prices of various things at the shop and find the cost of the following:

A hockey stick and a cricket bat
= 325 + 145 = Rs.470
A teddy bear and a doll
= 230 + 95 = Rs.325
A cricket bat and a ball
= 145 + 65 = Rs. 210

Question 4: Convert the following rupees into paise:

₹ 88.88
1 rupee = 100p
8800 + 88 = 8888p
₹ 32.45
3200 + 45 = 3245p
₹ 4.06
400 + 06 = 406p

Question 5: Convert the following into paise:

₹ 7 and 35 paise
1 rupee = 100p
700 + 35 = 735p
₹ 8 and 42 paise
1 rupee = 100p
800 + 42 = 842p
₹ 4 and 95 paise
1 rupee = 100p
400 + 95 = 495p
₹ 87
1 rupee = 100p
8700p
₹ 6 and 75 paise
1 rupee = 100p
600 + 75 = 675p

Question 6: Convert the following into rupees:

1 rupee = 100p
2100 p
Rs. 21
700 p
Rs. 7
1400 p
Rs.14
75 p
Rs.0.75
6500 p
Rs.65

Question 7: Fill in the blanks:

1045 paise = ₹ 10.45
8 rupees and 15 paise = 8.15 paise
2960 paise = ₹ 29.60

Question 8: Convert the following into paise:

1 rupee = 100p
₹ 57.75
5700 + 75 = 5775p
₹ 19.50
1900 + 50 = 1950p
₹ 12.96
1200 + 96 = 1296p
₹ 80.80
8000 + 80 = 8080p
₹ 97.65
9700 + 65 = 9765p

Question 9: Solve:

Mona bought a pencil for ₹ 15, a pen for ₹ 25.50 and a notebook for ₹ 45. 75. Find the total money spent by her.
Roger went for shopping and bought a toy for ₹ 25.75 and a bat for ₹ 40.20 . How much money did he spend in all?
Radha gave ₹ 56.90 to her daughter and ₹ 35.50 to her son . Find the total money given by Radha to her children.
Sushma bought potatoes for ₹ 12.50, tomatoes for ₹ 16.25 and onions for ₹ 20.00. How much did she spend in all?

Ans:

Spent on pencil = ₹ 15
Spent on pen = ₹ 25.50
Spent on notebook = ₹ 45. 75
Total money spent = ₹ 15 + ₹ 25.50 + ₹ 45. 75 = ₹ 86.25
Spent on toy = ₹ 25.75
Spent on bat = ₹ 40.20
Total money spent = ₹ 25.75 + ₹ 40.20 = ₹ 65.95
Money given to daughter = ₹ 56.90
Money given to son = ₹ 35.50
Total money given =₹ 56.90 + ₹ 35.50 = ₹ 92.4
Spent on Potatoes = ₹ 12.50
Spent on Tomatoes = ₹ 16.25
Spent on onions = ₹ 20.00
Total money spent = ₹ 12.50 + ₹ 16.25 + ₹ 20.00 = ₹ 48.75

Question 10: Add the following by converting into paise:

₹ 33.50 + ₹ 29.68
3350 + 2968 = 6318
₹ 69.70 + ₹ 25.25
6970 + 2525 = 9495
₹ 45.50 + ₹ 25.50
4550 + 2550 = 7100
₹ 58.75 + ₹ 29.50
5875 + 2950 = 8825

Question 11: Add each of the following:

Class 3 Maths - Money - CBSE Worksheets Solutions

Question 12: Solve the following:

A woman had ₹ 180 with her. She bought vegetables for ₹ 65.50. How much money was left with her?
The cost of a book is ₹ 75.50. Shikha has only ₹ 69.25. How much more money does she need to buy the book?
Rishabh wants to buy a hat that costs ₹ 96.50. He has ₹ 57. How much more money does Rishabh need to buy the hat?

Ans:

Total money = ₹ 180
Vegetables bought = ₹ 65.50.
Money left = ₹ 180 - ₹ 65.50 = ₹114.50
Cost of book = ₹ 75.50
Shikha has = ₹ 69.25
Money she wants more = ₹ 75.50 - ₹ 69.25 = ₹ 6.26
Cost of hat = ₹ 96.50
Money he has = ₹ 57
Money he wants more = ₹ 96.50 - ₹ 57 = ₹ 39.50

Question 13: Subtract the following by converting them into paise:

₹ 65.75 - ₹ 28.36
6575 - 2836 = 3739
₹ 20.50 - ₹ 14.30
2050 - 1430 = 620
₹ 95.50 - ₹ 53.30
9550 - 5330 = 4220
₹ 52.40 - ₹ 16.10
5240 - 1610 = 3630

Question 14: Subtract the following:

Class 3 Maths - Money - CBSE Worksheets Solutions

Question 15: Which is lesser: ₹ 100.05 or ₹ 100.50? ______

Ans: ₹ 100.05 < ₹ 100.50

Question 16: How much is ₹ 25.50 less than ₹ 50? ______

Ans: 50 - 25.50 = 24.50

Question 17: ₹ 36.40 = 3640 paise.

Question 18: Find the total money in each bill. Also, in each case, find the amount received as change.

Class 3 Maths - Money - CBSE Worksheets Solutions

Question 19: In short, 200 rupees 5 paise can be written as Rs.200.05.

Question 20: In short, 40 paise can be written as Rs.00.40.

The document Class 3 Maths - Money - CBSE Worksheets Solutions is a part of the Class 3 Course Mathematics for Class 3.

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FAQs on Class 3 Maths - Money - CBSE Worksheets Solutions

1. What is the importance of teaching money management to children?

Ans. Teaching money management to children is important because it helps them develop essential financial skills that will benefit them throughout their lives. It teaches them the value of money, how to save, budget, and make informed spending decisions. By learning these skills early on, children can develop good financial habits and become responsible with their money as adults.

2. How can parents effectively teach their children about money?

Ans. Parents can effectively teach their children about money by starting at a young age and incorporating it into everyday activities. They can give their children an allowance and encourage them to save a portion of it. Parents can also involve their children in discussions about household finances, take them grocery shopping to compare prices, and encourage them to set financial goals. By making money management a regular part of their conversations and activities, parents can help their children develop a strong understanding of financial responsibility.

3. What are some practical ways to teach children about budgeting?

Ans. There are several practical ways to teach children about budgeting. Parents can help their children create a simple budget by dividing their allowance or earnings into different categories such as saving, spending, and giving. They can also involve their children in making decisions about family purchases, such as choosing between different options based on price and quality. Additionally, parents can encourage their children to keep track of their expenses and review their budget regularly to ensure they are staying on track.

4. How can parents teach children about the difference between needs and wants when it comes to money?

Ans. Parents can teach children about the difference between needs and wants by explaining that needs are essential for survival, while wants are things that are nice to have but not necessary. They can provide examples such as food, clothing, and shelter as needs, and toys, gadgets, and entertainment as wants. Parents can also involve their children in making decisions about purchases and discuss whether the item is a need or a want. By helping children understand the distinction, parents can teach them to prioritize their spending and make more responsible choices with their money.

5. How can parents encourage their children to save money?

Ans. Parents can encourage their children to save money by setting a good example themselves. They can establish a savings goal for the family and involve their children in achieving it. Parents can also provide incentives for saving, such as matching a portion of their child's savings or offering rewards for reaching certain milestones. Additionally, parents can help their children open a savings account and teach them about the concept of earning interest. By making saving fun and rewarding, parents can instill a positive saving habit in their children.

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