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# How to Write Amounts of Money: Lesson for Kids

Lesson Transcript
Instructor
Heather Jenkins

Heather has a bachelor's degree in elementary education and a master's degree in special education. She was a public school teacher and administrator for 11 years.

Expert Contributor
Matthew Bergstresser

Matthew has a Master of Arts degree in Physics Education. He has taught high school chemistry and physics for 14 years.

Discover the different ways to write an amount of money and the rules for representing amounts. Explore how to write dollars and cents in numbers and words, the use of decimals to represent cents, and the symbols that indicate dollars and cents. Updated: 01/04/2022

## Amounts of Money

Have you ever sold anything? Let's say that you are having a yard sale and you want to sell your collection of rubber boogers. You decide to sell them for a quarter each. When you start to make your sign to let customers know the price, you are unsure about what to write.

How do you write this amount of money? Let's find out!

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• 0:04 Amounts of Money
• 0:21 Not Quite a Dollar
• 1:32 One Dollar or More
• 2:34 Lesson Summary
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## Not Quite a Dollar

So, your boogers are worth a quarter each...the rubber kind you're selling, not the ones from your nose. Gross! A quarter is worth 25 cents, so how do we write that?

Most often, amounts of money that are less than 100 cents, or 1 dollar, are written in one of three different ways:

#### Cent Sign

You can write the amount of cents by writing the value of the coins and adding a cent sign (¢) after it. This shows that the amount of money is made up of coins less than 1 dollar.

• Rubber boogers - 25¢ each

#### Dollar Sign/Decimal

You can write the amount of the cents by writing the value of the coins and adding a decimal point to the left of it. A decimal point shows that the numbers following it are a part of a whole number, in this case, parts of a dollar.

To the left of the decimal point, you would put a dollar sign (\$), which shows that the numbers following the sign are units of money. If you want, you can put a 0 in front of the decimal to show there are no dollars.

• Rubber boogers - \$.25 each OR \$0.25 each

#### Words

You can write the amount of money in words by writing the number and then the word 'cents.'

• Rubber boogers - 25 cents OR twenty-five cents

Even though the boogers are 25¢, I'm not sure if anyone will ''pick'' them.

## One Dollar or More

Wait a minute! You forgot the custom-made, super-sticky, imitation earwax balls you got last year, so you decide to sell them at the yard sale as well. You want to sell each ball for a dollar and 2 quarters. This is more than a dollar, so how will you do it?

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## Money

Money is an important concept for everyone to be knowledgeable about. Knowing the denominations of money and how to write the symbol for a collection of coins and bills is important also. Being quick with this is crucial when one has a job where there are money interactions. Let's look at some problems dealing with amounts of money.

### Problems

1. Joe has one five-dollar bill. Write that amount in dollar sign notation (\$?).
2. Mark has two quarters and one dime. Write that amount in cents notation (¢).
3. Linda has three one-dollar bills and four nickels. Write that amount in dollar sign notation.
4. Cathy has one ten-dollar bill, two one-dollar bills, and two dimes. Write that amount in dollar sign notation.
5. David orders some food that costs \$4.59. They had the cashier a ten-dollar bill. How much change will they get back?
6. Doug is buying a shirt that costs \$22.50, a pair of pants that cost \$32, and a belt that costs \$12.75. There is a \$6.57 tax on these purchases. What is the smallest quantity of bills and coins that need to be given to the cashier?

### Solutions

1. \$5
2. 2(\$0.25) + 1(\$0.10) = 0.5 + 0.1 = \$0.6 = 60¢
3. 3(\$1) + 4(\$0.05) = \$3.20
4. 1(\$10) + 2(\$1) + 2(\$0.10) = \$12.20
5. \$10 - \$4.59 = \$5.41
6. \$22.50 + \$32 + \$12.75 + \$6.57 = \$73.82. Doug needs to give one \$50 bill, one \$20 bill, three \$1 bills, three quarters, one nickel and two pennies.

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