Indian Currency and Denominations

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Questions and Answers

You have a ₹100 note and need to buy a toy that costs ₹65. What are the denomination(s) of notes and/or coins you would use to pay for the toy, assuming you want to use the least number of bills possible?

You could use a ₹50 note, a ₹10 note, and a ₹5 coin.

If you have two separate piles of coins, one with ten ₹5 coins and the other with five ₹10 coins, which pile has a greater total value and by how much?

The pile with five ₹10 coins has a greater total value by ₹25. (₹50 vs. ₹25)

You are given a bag of coins containing five ₹1 coins, two ₹2 coins, and one ₹5 coin. Calculate the total amount of money in the bag.

The total amount of money in the bag is ₹12. (5 x ₹1 + 2 x ₹2 + ₹5 = ₹12)

Explain the difference between a ₹50 note and a ₹50 coin in terms of their size, material, and use.

A ₹50 note is paper-based, rectangular, and larger than a coin. It is used for everyday transactions. A ₹50 coin is metallic, circular, and smaller. It is often used for smaller transactions or when exact change is needed. Signup and view all the answers

Suppose you have a ₹500 note and you want to exchange it for smaller denominations. How many ₹100 notes are equivalent to one ₹500 note?

Five ₹100 notes are equivalent to one ₹500 note. Signup and view all the answers

You are given a ₹2000 note. How many ₹20 notes can you get by exchanging this note?

You can get one hundred ₹20 notes by exchanging a ₹2000 note. Signup and view all the answers

If you have a ₹20 note, how many ₹5 coins are needed to make the same amount?

You need four ₹5 coins to make the same amount as a ₹20 note. Signup and view all the answers

You want to buy a book that costs ₹150. You have five ₹20 notes and two ₹50 notes. Do you have enough money to buy the book? Explain your answer.

Yes, you have enough money to buy the book. You have a total of ₹150 (5 x ₹20 + 2 x ₹50 = ₹150). Signup and view all the answers

Flashcards

Indian Currency

The official money of India comprising rupees and paise.

Denominations of Coins

The available coin denominations in Indian currency.