Money is used to pay for things.

We can buy items using coinsand banknotes. We can also pay using cheques or cards.

When we work for somebody, they may pay us money in

exchange for our work.

We use money in many

different ways. Here are some

examples...Saving pocket money

in a piggy bank.

Paying for shopping at a supermarket.

Withdrawing banknotes from a cash machine.

Buying lunch in a café.

Saving money in a bank account.

Ordering tickets for a concert online.

Paying household bills.

Lending money to a friend.

When we buy things, we might not have the exact

money to pay the shopkeeper. So, we can give

them a bit too much and they give us the change.

40p

An apple costs 40p. If I pay with fifty pence, how much change do I receive?

To work out the amount of change,calculate the difference between

the total price and the amount that you give the shopkeeper.

50p - 40p = 10pThe change is 10p.

A toy truck costs £8.50. How much change will I get if I pay with £20?

£20.00 - £8.50 = £11.50The change is £11.50.£8.50

Earning InterestWhen you save money in a bank account, the bank will pay you to let them look after your money.

This is called interest.

If you save £100 in an account with an interest rate of 5%, after a

year you will have £105!

Paying InterestIf you borrow money, the lender

will charge you for this. The extra charge is also called interest.

If you borrow £100 in a loan with an interest rate of 15%, after a

year you will owe the bank £115(if you haven’t paid anything back).

There are two

different types ofinterest.Which of

these would you

prefer?

www.teachingpacks.co.uk©

1p 1 pence £0.01

2p 2 pence £0.02

5p 5 pence £0.05

10p 10 pence £0.10

Total - Less than £1.00 www.teachingpacks.co.uk Images: © ThinkStock©

1. £0.350.96+

2. £0.260.46+

3. £0.650.88+

4. £0.890.81+

5. £0.170.83+

6. £0.390.57+

7. £0.670.94+

8. £0.210.26+

9. £0.240.20+

10. £0.470.37+

11. £0.970.49+

12. £0.540.27+

www.teachingpacks.co.ukImages: © ThinkStock

©1

Can you solve these addition calculations?

5p

ww

w.te

achi

ngpa

cks.

co.u

k©

1

2

3

4

5

12p

16p

19p

23p

Can you find the coins to give the correct change to these customers?

www.teachingpacks.co.uk Images: © ThinkStock©

5 6

7 8

What is the total value of these coins and notes?

What is the total value of these coins and notes?

What is the total value of these coins and notes?

What is the total value of these coins and notes?

www.teachingpacks.co.uk Images: © ThinkStock©

9 10

11 12

What is the total cost of one sandwich, one apple and one bottle

of water?

Café Price List

Sandwich £2.00

Apple £0.50

Cake £2.50

Bottle of Water £1.50

Glass of Juice £1.20

What is the total cost of two sandwiches,

one piece of cake and one glass of juice?

If I buy The Golden Sword, The Portal of Fear and Magic Man, how much will I pay?

Book Prices

The Golden Sword £5.50

Swept Away £6.25

Flying £3.75

The Portal of Fear £4.40

Magic Man £4.80

If I buy one copy of every book on this

price list, how much will I pay?

Kel’s mum buys a doll, a board game and a trampoline. What is

the total cost?

Toy Shop

Doll £17.95

Construction Set £28.40

Board Game £10.75

Console Game £42.80

Trampoline £99.50

Sal buys two board games, a console game and a construction set.

What is the total cost?

What is the total cost of one adult ticket, one child ticket, two boxes

of popcorn and two drinks?

Movie Price List

Adult £6.49

Child £3.99

Family of Four £16.99

Popcorn £1.99

Drink £2.49

If two adults and two children buy a ‘Family of Four’ ticket, how much do they save compared

to the cost of their individual tickets?

Thank you for looking atour preview resources.

We hope that they are useful to you.

Join us today to download thousands of resources fromour popular Teaching Packs!

Mark and Helen

www.teachingpacks.co.uk