By year 3 children will be well acquainted with the pound and pence signs and should know that there are 100 pence in a pound. They should also be familiar with the way that we show money in pounds e.g. £2.34 where the decimal point separates whole pounds from pence and that the digits in first column after the pound sign represent 10ps and the second digit represents single pence.
This worksheet looks at some simple addition of money using both pounds and pence and involves working out answers using more than one operation or process; this always makes it harder.
Buying a packed lunch
Money is a great way to reinforce place value with decimals. For example in the total £3.45 the digit 4 has a value of 4 tenths or 40p. Money makes it very easy to show tenths (a 10p coin is one tenth of a pound) and hundredths (a one pence coin is one hundredth of a pound).
This page looks at this in more detail, showing that ten pence can be written in two ways; either as 10p or as part of a pound £0.10. There are two further things to remember here:
1. that we should always have two digits after the decimal point when writing fractions of a pound eg £0.30 not £0.3.
2. that we should not include both the pound and pence sign when writing amounts in pounds eg £0.30 is correct but £0.30p is not. it is 0.30 of a pound, not 0.30 of a penny.
This is just one worksheet from a great selection in our Counting and Understanding Numbers section within our year 4 maths worksheets. Why not go and have a look at what else is freely available?
Decimal fractions and money
There are not many questions on this page but they are tricky with some requiring several stages to answer. They are all to do with money and involve addition, multiplication and division.
As a preview to answering SAT questions this page asks for all working out to be shown and tips on the answer page will help decide whether an extra mark can be given for showing suitable working out, even if the final answer is incorrect. (Be very suspicious of any answers which are written down without showing any working as they may well have been answered using a calculator.)
By year 6 children should be able to read and understand problems written in prose that include some elements of real life involving money.
They should be able to read the problem, understand the situation described, be able to see what processes are needed to solve it and then lay out working and answers clearly.
Children do find word problems far harder than just being given a ‘sum’ to do and it is important to discuss with them the best way to lay out any working.
One or two of these questions could be done mentally, but most need more than one process to reach the answer. All involve money and are an excellent way of working with two places after the decimal point.
Solve word problems involving money
Using coins is a vital part of understanding number as it provides concrete examples of numbers in action. It is a really good idea to have a set of coins that can be counted out and swapped e.g. 5 one pence coins exchanged for a 5p piece etc. Why not set up a little shop at home and take turns buying and selling items? There is an amazing amount of maths involved in this, from learning how to write numbers to counting on and back and finding two or three lots of a number. If a shop is not available why not try this page?
Thanks to urbrainy.com for this money worksheet, suitable for year 1 children.
The worksheet asks for the change needed after spending various amounts. The easiest way to work out change is to start with the amount spent and count on up to 10. Eventually it is expected that children will know, off by heart’ the answers. In other words they will know, without counting that if you spend 6p you will have 4p change.
Change from 10p
Children in Year 1 need plenty of practice with counting coins and adding up totals. There are several worksheets in the Year 1 calculating section which are ideal for this.
One shows mixed amounts of coins yo to 10p pieces to count.
The second looks at how much change should be given from 10p when spending small amounts of money.
The third is a more general mini-investigation whicjh looks at how many different ways an 8p yoyo can be bought using a selection of 1p and 2p coins.
Go to Year 1 calculating money worksheets
This is the second page on reading train prices and working out the costs of single and return journeys. The numbers are slightly harder on this page and jottings could be helpful, especially on the questions which require two steps to reach an answer. When working out the amount of change given it is often easier to add on from the cost to reach the money given, rather than do a subtraction. It is a pity that shop assistants just dump change into the palm of your hand rather than counting it out as they used to do many years ago!
Train tickets (2)
Here we have a worksheet which looks at the cost of going to the seaside by train for the day! There are several concepts involved in this page.
Adults are used to this kind of chart showing prices, but it will probably be unfamiliar to children who will need some explanation on how to read the prices of the tickets.
Once the fares have been understood the questions give good practice at addition, subtraction and multiplication of money. Several of the questions involve two steps, which, as I have said before, makes it much more difficult for children.
When asked how many tickets can be bought for a certain amount children need to understand that half, or ‘part’ of a ticket can not be bought.
Train tickets (1)
Here we have a festive maths worksheet suitable for year 2 or 3. How much will the Christmas decorations cost? The cost of the decorations are all whole tens of pence so this is good practice at adding multiples of 10.
With the later questions, which involve adding four multiples of ten it might be a good idea to encourage making jottings of the answer as they are added up.
Thanks to urbrainy.com for allowing me to publish this page from their vast collection of worksheets and games. Well worth taking a look at this site. It can also be found in our year 2 calculating section.
This is a nice mini investigation using coins for children who are familiar with coins and counting. A yoyo costs 8p, but how many different ways are there of paying using 1p, 2p and 5p coins?
Suitable for Year 1 children it is a good idea to have a selection of these coins handy so that they can count out and record the different combinations. A separate page is available for recording either by drawing or writing the amounts down. An important aspect of this type of work is to check that the same result has not been recorded twice.
How many ways of paying 8p?