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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

Study Notes

Indian Currency

Indian currency uses rupees (₹) and paise (P).
Currency is available in coins and notes.
Rupees are written as "₹" followed by the number.
Paise are written as "P" followed by the number.

Coin Denominations

₹1
₹2
₹5
₹10
₹20

Note Denominations

₹5
₹10
₹20
₹50
₹100
₹200
₹500
₹2000

Combining Money

Five ₹1 coins are equivalent to one ₹5 coin.
Two ₹2 coins and one ₹1 coin are equivalent to one ₹5 coin.
Two ₹5 coins are equivalent to one ₹10 coin.
Five ₹2 coins are equivalent to one ₹10 coin.
Ten ₹2 coins are equivalent to one ₹20 coin.
Four ₹5 coins are equivalent to one ₹20 coin.

Equivalent Values

Specific coin and note combinations can equal other denominations as described above.

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Description

This quiz covers the basics of Indian currency, including rupees and paise, as well as the various coin and note denominations. Test your knowledge on how to combine different denominations to understand their equivalent values. Challenge yourself to identify and calculate currency combinations effectively.