Table of contents | |
Junk Seller | |
What is Currency | |
Currency in India | |
Let's See How Money Works | |
Let's Practice with some more Examples |
A person who buys and sells used or discarded items is known as a junk seller.
Junk is debris, waste, or garbage that has been left behind or discarded because it is unwanted.
Currency is a special type of money that is used in a country.Currency is important because it helps us buy things we need or want. Imagine if we had to trade goods directly instead of using money. For example, if you wanted to buy a toy, you might have to give something else in exchange, like a book or a snack .
In India, currency consists of coins and notes that are issued by the Reserve Bank of India, which is like the country's bank. These coins and notes have different values, such as 1 rupee, 2 rupees, 5 rupees, 10 rupees, and so on. They are used by people to buy things like food, clothes, toys, and other items. Currency helps us trade goods and services with each other and makes it easier for us to buy and sell things.
Banknotes in India are now printed in denominations of 10, 20, 50, 100, 200, 500, and 2000 rupees.
As they are issued by the RBI, these notes are known as banknotes.
Example:
Ex 1. If 1 Toblerone cost 100 Rs then what would be the cost of 5 Toblerone ?
Ans: 5 Toblerone would cost 5 x cost of one Toblerone = 5 x 100 = 500
Ex 2. If a car travels 60 km in 2 hours, how far can it travel in 6 hours?
Ans: If a car travels 60 km in 2 hours, then it travels 60 km / 2 hours = 30 km per hour. Therefore, in 6 hours, it would travel 30 km/hour * 6 hours = 180 km.
Ex1. Find Prize of 5 Watches ?
Ans: 3 watch = 1200 so one will cost 400 so the prize of 5 watches would be 5x400 = 2000
Ex2. If 5 Books weight 5Kg, how much would 3 Books would Weight?
Ans : 5 Books weight 5Kg . Then 1 would weight 1 kg . Therefore, the cost of 3 books would be 3 kg
Ex3. If a book has 200 pages and you read 20 pages every day, how many days will it take you to finish the book?
Ans : If a book has 200 pages and you read 20 pages every day, then you would finish the book in 200 pages / 20 pages/day = 10 days.
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