Last updated on January 16th, 2023 at 11:54 pm

**3rd-grade money word problems**

*Money Chapter for Class 3 Worksheet for the students of State / CBSE /ICSE Students by online-shiksha.com*

**What is Money?**

Money is used to buy things or sell things in our life.

### Some important facts about money are

Unit of money in India is the rupee

**1 rupee equal to 100 paise**

Money is a combination of rupees and paise a point or dot is used to separate the rupees and paise

Example — 50.25 means 50 rupees 25 paise

**Conversion of rupees into paise**

We know that

**1 rupee = 100 paisa**

So if we want to convert rupees into paisa we multiply the rupee number by 100

### Example

Rupees 15 = 15 x 100 = 1500 paisa

Rupees 7.25 = [7×100]+25p = 725 paisa

Rupess 50.50 = [50×100]+50 =5050 paisa

**Exercise convert into paise**

Rs. – 12

Solution – [12 x 100 = 1200 ]

Rs. – 15.50

Solution – [15 x 100 ] + 50 = 1550

Rs. – 22.75

Solution – [22 x 100 ] + 75 = 2275]

Rs. – 30.50

Solution – [30 x 100 ] + 50 = 3050]

Rs. – 25.75

Solution – [25 x 100 ] + 75 = 2575]