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Money Counting

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Money counting in Math can be best learned in terms of currency, for it being a part of or daily lives. We may come across several complex situations in solving problems related to currency. Counting money using problems involving currency can be categorized as follows as per their difficulty level:

The currency - related problems define their first type as elementary tasks of addition, subtraction, multiplication and division to give a proper start to counting money. For example, if you had 20 $ in your pocket, out of which you give 5 $ to some beggar. How much amount of money you are left with? Here we do a simple subtraction operation to get left money. So money counting in this case can be done as follows: 20$ - 5$ = 15$.

Understand problems in some theoretical way make them solve easily. Dealing with money counting problems including percentages seem to be the most difficult problems. Here all together you need to use multiple operations simultaneously. Other currency related problems involve solving exponents and general Calculus like evaluating rate of Interest on some principal amount. Exponents involve use of logs and accordingly defined properties for performing addition, subtraction, multiplication or division.

Coins and Dollar Bills

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Coins and dollar bills Math helps students learn the basics of counting money. Simple idea that we follow is to identify dollar bills and coins with help of their portrait and name, also the coin values included. Approach becomes more soothing when we perform addition & subtraction operations using these, up to double digits. This helps us use similar methodology in counting money too.

This all starts with a brief overview of coin names and how actually different dollar bills appear to be. Side by side the values for each coin and the dollar bill have to be repetitively memorized.

Coin values can better be remembered by combining them together. For example, if we combine 5 and 10 pennies together, it makes 1 nickel and dime, respectively. This can also be concluded as: Two nickels = 1 dime.

The names of the groups of money must be small in games. Consider each corner of the room to be a market with many items having dissimilar stations round the room. Each person should be having same number of paper coins to imitate the game. Each station has to be visited to buy several things and making them add or subtract in the form of money.