Money
In the UK, 100 pence (p) make £1. In the US, 100 cents make $1, and in South Africa 100 cents make R1. We add up money, find change and work out costs.
Key facts
- £1 = 100p; $1 = 100 cents; R1 = 100 cents.
- Write pounds with two decimal places: £3.50, not £3.5.
- Find change by counting up from the price to what was paid.
Worked examples
Example 1
A comic costs £2.35. You pay with a £5 note. How much change?
- £2.35 + 5p = £2.40
- £2.40 + 60p = £3.00
- £3.00 + £2 = £5.00
- 5p + 60p + £2 = £2.65
Answer: £2.65
Example 2
Pens cost 45p each. How much do 6 pens cost?
- 45 × 6 = 270
- 270p = £2.70
Answer: £2.70