Lesson: Identifying Coins and Bills

Objectives

• Understand different types of coins and bills.
• Learn how to count money accurately.

Types of Coins

1. Penny: Worth 1 cent ($0.01$)
2. Nickel: Worth 5 cents ($0.05$)
3. Dime: Worth 10 cents ($0.10$)
4. Quarter: Worth 25 cents ($0.25$)

Types of Bills

1. One Dollar Bill: Worth $1.00$
2. Five Dollar Bill: Worth $5.00$
3. Ten Dollar Bill: Worth $10.00$
4. Twenty Dollar Bill: Worth $20.00$

Example Problem

Suppose you have:

• 3 Quarters
• 2 Dimes
• 1 Nickel
• 4 Pennies

Step 1: Calculate the value of each coin type.

• Value of Quarters:
  $3 \times 0.25 = 0.75$
• Value of Dimes:
  $2 \times 0.10 = 0.20$
• Value of Nickels:
  $1 \times 0.05 = 0.05$
• Value of Pennies:
  $4 \times 0.01 = 0.04$

Step 2: Add up the total value.

$Total = 0.75 + 0.20 + 0.05 + 0.04 \\$ $Total = 1.04$

Key Questions

• How much is a quarter worth?
• If you have 5 dimes, how much money do you have?
• What is the total value of 2 nickels and 3 pennies?

Summary

Knowing how to identify and count coins and bills is essential for everyday transactions. Practice with different combinations to become proficient!