Money and Financial Maths
Solve problems involving purchases and the calculation of change to the nearest five cents with and without digital technologies
- recognising that not all countries use dollars and cents, eg India uses rupees.
- carrying out calculations in another currency as well as in dollars and cents, and identifying both as decimal systems
Judging Standards
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TASK: Create a 'Money' vocabulary page in your Math books. Use a dictionary or an iPAd for the definitions.
Whole Class: Watch the video- Australian Money
TASK: Use digital games to 'Review and Revise' your understanding of Money.
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TASK: Calculate the value of these coins. Can you write the amount using a decimal?
Level A
Level B
LEVEL C
LEVEL D
QUESTIONS:
How many 50c coins in $1?
How many 20c coins in $1?
How many 10c coins in $1?
How many 5c coins in $1?
Tally Sheet Click HERE
TASK: Create a Money Fraction Wall in your Grid Math books.
*You will need 20 squares x 5 squares ruled.
Further instructions will be provided by your teacher.
Adding Money
Modeled by teacher (multiple methods)
Rounding Money
LI: Solve problems involving purchases and the calculation of change to the nearest five cents with and without digital technologies
SC: Round purchase amounts to the nearest five cents
In Australia, when you pay cash for an item the price is either rounded up or down to the nearest 5 cents. This is because the Australian currency no longer uses 1c and 2c coins.
Rounding Rules
An item with a price ending in 1c or 2c is rounded down to the nearest 10c
An item with a price ending in 3c or 4c is rounded up to the nearest 5c
An item with a price ending in 6c or 7c is rounded down to the nearest 5c
An item with a price ending in 8c or 9c is rounded up to the nearest 10c
An item with a price ending in 1c or 2c is rounded down to the nearest 10c
An item with a price ending in 3c or 4c is rounded up to the nearest 5c
An item with a price ending in 6c or 7c is rounded down to the nearest 5c
An item with a price ending in 8c or 9c is rounded up to the nearest 10c
Practice: Click on the picture below
TASK: In your Math Books
Round these amounts to the nearest 5 cents:
- $124.47
- $415.34
- $57.89
- $367.01
- $64.08
- $77.84
- $15.78
- $269.99
- $19.94
- $88.62
TASK:Rounding and Adding to estimate the APPROXIMATE totals.
Watch
TASK
As a special treat for completing all of your homework before it is due, Mum has said you can order from the canteen this week.
You can spend up to $10.00 in total but you need to get something for both breaks.
What will you buy? Write 3 different orders for your canteen showing the amount for each item, the total for each break and the overall total.
You can spend up to $10.00 in total but you need to get something for both breaks.
What will you buy? Write 3 different orders for your canteen showing the amount for each item, the total for each break and the overall total.
TASK
Money From Around the World
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Digital Incursion- Australian Mint
Additional Resources
