Lesson: Counting and Making Change

Objective

Learn how to count money accurately and make change when necessary.

Introduction

Counting money involves recognizing different denominations of coins and bills, and knowing how to combine them to reach a total amount. Making change means giving back the correct amount of money after a purchase.

Key Concepts

1. Denominations: Understand the value of coins and bills.

   • Coins: Pennies (1 cent), Nickels (5 cents), Dimes (10 cents), Quarters (25 cents).
   • Bills: One ($1), Five ($5), Ten ($10), Twenty ($20), Fifty ($50).

2. Counting Money: To count money, start with the largest denomination and move to the smallest.

   • Example: Count $2.75 as:
     • 2 one-dollar bills ($2)
     • 3 quarters (75 cents)

3. Making Change: To make change, subtract the purchase price from the amount given. The difference is the change due.

   • Example: If a toy costs $3.50 and you pay with a $5 bill, calculate the change:
     • Change = Amount Given - Price
     • $\text{Change} = 5 - 3.50 = 1.50$
     • You would give $1 bill and 50 cents.

Practice Problems

1. If you have 3 quarters, 2 dimes, and 4 pennies, how much money do you have?
2. You bought a snack for $2.20 and paid with a $5 bill. How much change do you get back?
3. Count the following: 1 twenty-dollar bill, 2 five-dollar bills, and 3 one-dollar bills.

Key Questions

• What are the values of different coins and bills?
• How do you calculate the total amount of money?
• What steps do you follow to make change?

Summary

Understanding how to count money and make change is an essential life skill that helps in everyday transactions. Practice regularly to become more confident!