💰 Money in Daily Life
Class 5 Maths · Unit 11 of 12 · about 120 minutes
This unit applies decimal and arithmetic skills to money in rupees and paise. Children will read and write amounts, calculate unit prices, make change, compare prices, and plan simple budgets. Real-life contexts like markets, bills, and savings are used throughout.
What your child will learn
- Students will be able to read and write amounts in rupees and paise using the ₹ symbol and decimal notation.
- Students will be able to calculate the total cost of multiple items given quantity and unit price.
- Students will be able to calculate the unit price when the total cost and quantity are known.
- Students will be able to calculate the change due when paying with a given amount.
- Students will be able to compare prices of items using unit prices to decide which is cheaper.
- Students will be able to create a simple budget given a fixed amount and a list of items with prices.
Lessons in this unit
- Reading and writing money: Read and write amounts in rupees and paise using the ₹ symbol and decimal point. Convert between paise and rupees.
- Total cost: Calculate the total cost of multiple items using multiplication and addition.
- Unit price: Find the price of one item when the total cost and quantity are known.
- Calculating change: Calculate the change due when paying with a larger amount.
- Comparing prices: Compare prices of different pack sizes using unit prices to find the better deal.
- Simple budgets: Plan a budget within a fixed amount, choosing items and calculating total cost.
Key words
- rupee
- The main unit of money in India. We write it as ₹.
- paise
- A small part of a rupee. 100 paise make 1 rupee.
- unit price
- The cost of one single item, like the price of one pencil.
- total cost
- The cost of all the items together.
- change
- The money you get back when you pay more than the price.
- budget
- A plan for how much money you will spend and on what.
- bill
- A paper that shows the items you bought and the total cost.
Help your child at home
What to watch for
- 350 paise is ₹350
- Help: Remember: 100 paise = 1 rupee. So 350 paise = 3 rupees and 50 paise = ₹3.50.
- Total cost is found by adding the quantities, not multiplying.
- Help: Multiply the price of one item by the number of items to get the total for that item.
- Unit price is found by dividing quantity by cost (e.g., 40 ÷ 5 = 8 is wrong direction).
- Help: Total cost ÷ number of items = price of one item.
- Change is found by adding the cost to the amount paid.
- Help: Change is what is left after paying. Subtract the cost from the amount paid.
Try this at home
- Write ₹45.75 in words
- 3 notebooks at ₹25 each
- 5 pencils cost ₹40, find price of one
- Pay ₹100 for ₹67
Quick questions to ask aloud
- How many paise are there in ₹1? (10 / 100 / 1000)
Show answer
1 rupee is equal to 100 paise. So there are 100 paise in ₹1. - Riya buys 3 notebooks at ₹25 each. What is the total cost?
Show answer
3 × 25 = 75. So the total cost is ₹75. - 5 pencils cost ₹40. What is the price of one pencil?
Show answer
40 ÷ 5 = 8. So one pencil costs ₹8.
Frequently asked questions
What will my child learn in "Money in Daily Life" (Class 5 Maths)?
Your child will be able to: read and write amounts in rupees and paise using the ₹ symbol and decimal notation.; calculate the total cost of multiple items given quantity and unit price.; calculate the unit price when the total cost and quantity are known.; calculate the change due when paying with a given amount.; compare prices of items using unit prices to decide which is cheaper.; create a simple budget given a fixed amount and a list of items with prices..
How does MangoMindz teach "Money in Daily Life"?
In 6 short parts (Reading and writing money, Total cost, Unit price, Calculating change, Comparing prices, Simple budgets). Each part has a picture-based lesson read aloud by Mango Teacher, a quick check, and a quiz built from common mistakes children make, with Mango, a study buddy, for questions.
How long does "Money in Daily Life" take?
About 120 minutes in total, spread over 6 parts of 15–25 minutes each.
How can I help my child with "Money in Daily Life" at home?
Work through a small example together, such as: Write ₹45.75 in words; 3 notebooks at ₹25 each. Then ask a quick question aloud: How many paise are there in ₹1? (10 / 100 / 1000)
What mistakes do children often make in "Money in Daily Life"?
350 paise is ₹350. Fix: Remember: 100 paise = 1 rupee. So 350 paise = 3 rupees and 50 paise = ₹3.50. Total cost is found by adding the quantities, not multiplying. Fix: Multiply the price of one item by the number of items to get the total for that item. Unit price is found by dividing quantity by cost (e.g., 40 ÷ 5 = 8 is wrong direction). Fix: Total cost ÷ number of items = price of one item.
Is "Money in Daily Life" free on MangoMindz?
Yes. Every lesson part and quiz in "Money in Daily Life" is free on MangoMindz, with no ads.