Converting Money Values Worksheets
Being able to understand how to convert word to the value of currency is paramount when you are dealing with real world money problems. Once students become adults, we hope that we have done everything we can to prepare them for life’s daily challenges. The sad fact is that one out every three Americans runs out of money before their next paycheck. The average credit card holder owes at least a $5,000 balance, that they are debt for. One way to help students combat this is to teach them the ins and outs of money. How do you convert values to words and vice versa? The more automatic that your students become with this, the better negotiators they will become. These worksheets and lessons will help students learn to convert values from dollars to cents and back again.
Aligned Standard: 2.MD.C.8
- Dollars to Donuts Step-by-Step Lesson- It is mostly going to cents from dollars and then back again.
- Guided Lesson - Bills to cents and in some cases total value to cents.
- Guided Lesson Explanation - I provided a good key on the worksheet itself, so I just referred to that over and over.
- Practice Worksheet - These will require some reading to get the hand of what is going on here.
- Matching Worksheet - Match the word problems to the value in cents or dollars.
- Answer Keys - These are for all the unlocked materials above.
Cents can make dollars and dollars do make cents. A riddle must start like that somewhere?
- Homework 1 - We have to convert a dollar value to cents. As we know that 1 dollar is equals to 100 cents.
- Homework 2 - Diana has 90 cents that she wants to exchange for dimes. How many dimes will she receive?
- Homework 3 - John had purchased a bike for $950 and he sells the bike for $650. How much did he lose?
Read all of these carefully and make sure you know what they are asking for.
- Practice 1 - Ailsa has 70 dimes. She purchases a toy that costs 130 cents. How many dimes did she get back from the shopkeeper?
- Practice 2 - Lily wants to convert $350 into cents. How many cents are there in $350?
- Practice 3 - Emma donated 500 cents and Linden donated $70. How many dollars did they donate in total?
Math Skill Quizzes
You will find some larger numbers at the end of these pages.
- Quiz 1 - Kitty has 16 quarters she purchased a dress that is worth 275 cents, how many quarters does she need to pay?
- Quiz 2 - 7 friends go to watch a movie. Each ticket cost is 780 cents. What is the total dollar value of all the tickets?
- Quiz 3 - What is the value of 140 cents in nickels?
How to Quickly Make Change
After purchasing at a grocery store, when the clerk hands over the change and sale receipt to you at the checkout, it is really difficult to count back the change. Since checkouts are usually crowded, and there is a long queue waiting before you to check out, it is really difficult to count the change quickly. But in a customer's case, this process has to be done once as a customer have to count their change only. In a clerk's case, this is something repetitive. A clerk probably has to count change hundreds of times in a day.
So, how to count back change quickly? At first, it can be a bit difficult, but like other mathematical techniques, it can be sped up with practice. That is why cashiers and clerks are very fast at counting back change. Secondly, a clerk should take a look at the cash register, where the amount of change is displayed. By looking at it, they can save the time of calculation and count the change.
Also, to avoid subtraction in case if the cash register doesn't display the change back amount, a clerk should count to the amount the customer has given them. For example, if the bill is $39.50, and the customer gives the clerk a 50, all the clerk has to do is count from 39.50 to 50. These are a few helpful tips on counting the change quickly that can save you some time in such situations.
The Most Common Converted Currencies
Almost every nations central bank reserve currency is the US Dollar. So, it comes as no surprised that this is the most traded currency in the world regularly. It is widely accepted along with the local currency in most countries throughout the world. The Euro which is the primary currency of most of Europe and Africa is not that far behind. The Japanese Yen is often cited as the key Asian currency and is widely traded throughout the world. The Great British Pound is the fourth most traded currency in the world. While being a member f European Union, they decided to not switch to the Euro which gives them more control over their domestic finances and interest rates.