Counting Money

Counting money is an important skill that involves adding and subtracting different denominations of coins and bills. It is essential for everyday life and financial literacy.

Types of Currency

• Pennies (1 cent)
• Nickels (5 cents)
• Dimes (10 cents)
• Quarters (25 cents)
• One-dollar bills
• Five-dollar bills
• Ten-dollar bills
• Twenty-dollar bills
• Fifty-dollar bills
• One-hundred dollar bills

Adding Money

To add money, simply add the values of all the coins and bills together. For example:

$1.25 + $0.75 = $2.00

Subtracting Money

To subtract money, subtract the total amount to be subtracted from the initial amount. For example:

$5.00 - $2.25 = $2.75

Rounding Money

When rounding money, it is important to round to the nearest cent. For example:

$1.29 rounded to the nearest cent is $1.30

Study Guide

Here are some practice problems to help you master counting money:

1. Calculate the total value of the following coins: 3 quarters, 4 dimes, 2 nickels, and 5 pennies.
2. If you have $20.00 and you spend $7.50, how much money do you have left?
3. Round $4.78 to the nearest cent.

Practice these problems and continue to work on adding, subtracting, and rounding money to develop a strong understanding of counting money.