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Conversion of Money

            You already know that ` 1 = 100 paise or 100 p = ` 1.
                             1                                                Quick Tip
            Thus, 1 p = `
                           100                                                 To divide by 100, place or
                                                                               shift the dot 2 places to
                             2
                   2 p = `       and so on.                                    the left.
                            100
            Example 1:      Convert ` 13.75 to paise.

            Solution:       ` 13.75 = ` 13 and 75 p

                                     = 1,300 p and 75 p
                                     = 1,375 p

            Example 2:      Convert (a) 82 p and (b) 645 p to rupees.

                                           82
            Solution:       (a)  82 p = `                                     A Challenge!
                                           100
                                      = ` 0.82                                 Arrange 463 p, 972 p, ` 6.25,
                                                                               ` 15.05, 2810 p, ` 27.10 in
                                            645
                            (b)  645 p = `                                     descending order.
                                            100
                                        = ` 6.45

            Addition and Subtraction of Money

            Addition and subtraction of larger amount of money is similar to addition and subtraction
            of smaller amounts.

            Example 3:      Add ` 1,206 and ` 1,435.65.         Example 4:      Add ` 2,436.25, ` 684.50 and
                                                                                ` 19.75.
                                      1
            Solution:           ` 1 2 0 6 . 0 0                                       1  1 2  1  1
                                                                Solution:           ` 2 4 3 6 . 2 5
                             + ` 1 4 3 5 . 6 5

                                ` 2 6 4 1 . 6 5                                     `   6 8 4 . 5 0
                                                                                 + `      1 9 . 7 5
                            Answer: ` 2,641.65
                                                                                    ` 3 1 4 0 . 5 0

                                                                                Answer: ` 3,140.50
            Example 5:      Subtract ` 397.45 from ` 1,268.84.

                                   11
                                  0 1 16    7 14
            Solution:           ` 1 2 6 8 . 8 4

                             – `     3 9 7 . 45

                                `   8 7 1 . 3 9
                            Answer: ` 871.39




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