Multiplying Money

Introduction

In this lesson, we will learn how we use money in our everyday lives and also how we can multiply money. We will use a word problem and then solve it step by step to learn about multiplication of money. So let's get going!

Shopping Mall

Rosalie and Alice go to the Shopping Mall. Rosalie buys 4 dresses for $29.99 each. Alice buys 5 skirts for 21.50 each. What was Alice and Rosalie's total expense?

29.99 multiplied by 4 dresses:  $119.96

21.50 multiplied by 5 skirts:  $107.50

  $119.96

+$107.50

-----------

  $227.46

That means that Rosalie and Alice's total expense was $227.46!

Sheet 1 How to Multiply Money

Dividing Money

Preview

Dividing money may seem complicated but it is really easy once you know how to do it properly. So let's take this problem and solve it step by step like this:

Kathy has $20 and she wants to divide the money into her 4 friends plus herself. How much money will each person receive?

So the first thing you have to do is write this problem in division form like this:
   __4___ = 5x4=20
5/ 20
    20
The quotient is not just a number, it's money, the amount of money each person will receive.
So each person will receive $4.
Now practice this and make sure to watch the video on YouTube.

Sheet 1 How to Divide Money