Fractions and Decimals: Money Math: Addition (2024)

Fractions and Decimals: Money Math: Addition (2)

Some rules will change a bit when you start learning about multiplication, but for addition and subtraction, money is really easy. All money is a decimal value with two places. You will see examples including $1.25, $65.98, and $26.34. No matter how big the value gets, you can only have two decimal places. One cent is 0.01. You can't give someone less than one cent if you hand them bills and coins.

There are values less than a cent when you start figuring out tax or interest. But when you look at the money in your pocket, one penny is the smallest amount. We have a numbers tutorial if you want to learn more about decimals and money.

Let's try one example. You know about adding harder decimals than these, so it shouldn't be a problem.

Question:
Timmy runs down the street to buy some fruit. He picks out two apples that cost forty-five cents each and 3 oranges that cost eighty cents each. How much does he pay in total?
Steps to Solve:
0.45+0.45+0.80+0.80+0.80=?
We can group them and solve.
(.45+.45) + (.8+.8+.8) = .9 + 2.4 = 3.3
Answer:
Timmy owes $3.30 for his fruit.

Remember that even though our decimal answer didn't have a zero on the end, when you write out values for money, you always need two places to the right of the decimal point. You can't write that something costs $16.7 dollars. You should write $16.70 so people understand what you mean. Let's do one more...

Question:
Helen was having a party for three friends. One wanted a cupcake for $2.55, one wanted a hot dog for $1.20, and one wanted a piece of pizza for $1.25. How much did Helen pay for lunch?
Steps to Solve:
2.55+1.20+1.25=?

Let's look at this one in a stacked layout.

2.55
1.20
+ 1.25
?

• You'll need to carry a little, but it's an easy problem with an answer of 5.00.
Answer:
Helen paid $5.00 for lunch.

If this were a science experiment and those were values of data or measurements of weight, you might write down 5.0. The two decimal places are very important for money. If you have a bunch of zeros at the end of your number in science, you don't have to write them all.

Related Activities


Fractions and Decimals: Money Math: Addition (3)Add Coins with Values Less Than One Dollar
- Play Activity
Fractions and Decimals: Money Math: Addition (4)"Do You Have Enough Money?"More or Less?"Do You Have Enough Money?" - Values Less Than Thirty Cents
- Play Activity

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Fractions and Decimals: Money Math: Addition (2024)

FAQs

How do you solve addition of fractions and decimals? ›

There could be two ways of adding a fraction to a decimal. (1) Convert fraction to the decimal format and add. If desired or required, the sum can again be converted into fraction. (2) Convert the decimal to a fraction and then add two fractions together.

How many times can 6 go into 15? ›

Does 6 go into 15? Yes, two times.

How do decimals relate to fractions and money? ›

Fractions (and their decimal representation) represent values relative to a whole (for example, one whole dollar). Quantities represented as a decimal are fractions limited to base ten denominators (i.e.: tenths, hundredths, thousandths, etc.) Standard representation of coin values are expressed as decimal hundredths.

How do you sum fractions and decimals? ›

Step 1: Write the decimal numbers as fractions. For example, if you want to find 0.6 + 0.15, convert 0.6 and 0.15 into fractional numbers. Step 3: Add the numerators. Step 4: Write the sum as a decimal number.

How are decimals used in money? ›

A dollar is a whole amount and is written to the left of the decimal. Cents are parts of a dollar and we write them to the right of the decimal. As you can see, to form the whole part (eleven dollars), we use a $10 bill and a $1 coin. For the decimal part, (fifty-seven cents), we use five 10¢ coins and seven 1¢ coins.

What is division ➗? ›

– Division is the process of breaking a number into equal parts and finding how many equal parts can be made. – We indicate division using ➗.

How many times can 2 go into 4 in math? ›

The answer is 2. How did we get here? We identify 4 as the dividend and 2 as the divisor, and place them in the division bar. We ask: “How many times can 2 go into 4?” We determine this using the “count by twos” method, which shows us that 2 goes into 4 a total of two times.

How many times 6 is 100? ›

Answer and Explanation:

16 2/3 times 6 equals 100. The solution is as follows: Convert the word problem to an equation by substituting 'times' with multiplication, substituting 'what' with the variable 'Y' and substituting 'equals' with an equal sign: Y x 6 = 100.

Is money a fraction or a decimal? ›

Money Is a Special Decimal

No matter how big the value gets, you can only have two decimal places. One cent is 0.01. You can't give someone less than one cent if you hand them bills and coins. There are values less than a cent when you start figuring out tax or interest.

Can money be in fractions? ›

Exchange of Money: Most of our currencies contain fractions in the form of decimals. For example, we use dollars in the US, and other countries may have some other currency. So to interchange money, we take the help of fractions.

How do we solve equations that contain fractions and decimal numbers? ›

But decimals can also be expressed as fractions. For example, 0.3 = 3 10 0.3 = 3 10 and 0.17 = 17 100 0.17 = 17 100 . So, with an equation with decimals, we can use the same method we used to clear fractions—multiply both sides of the equation by the least common denominator.

What is the rule for the addition of decimals and mixed decimals? ›

TO ADD OR SUBTRACT DECIMALS:

1) Line up the decimal points vertically. Fill in any 0's where necessary. 2) Add or subtract the numbers as if they were whole numbers. 3) Place the decimal point in the sum or difference so that it lines up vertically with the numbers being added or subtracted.

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