Maths 1st Lesson
Solving Money Problems
Part Two
Introduction
Yesterday, we solved money problems when we buy multiples of an item.
Today, we are going to use those skills to help us work out how much money is being spent and then work out how much change we will get.
Let's Learn
If you get paid with £5, how much change would you get?
First work out the cost
£1 x 2 = £2.00
40 x 2 = £0.80
2 x 2 = £0.04
£ 2.84
We have spent £2.84
so we need to take this away from £5.00.
Show your renaming.
Working out the cost
Small red bag of crisps = £0.79 or 79p each
Large green bag of crisps = £2.09 or 209p
There are 2 bags of each:
2 x 70 = 140 2 x 200 = 400
2 x 9 = 18 2 x 0 = 00
158 + 2 x 9 = 18
418
Add these 2 amounts together.
This is 576p or £5.76
Next, we are going to work out how much change we would get from £10.00 (or 1000p).
You would get £4.24 change.