Money

Dear Parents

For your reference.

Learning objectives:

• counting the amount of money in a given set of notes and coins
• reading and writing money in decimal notation
• comparing 2 or 3 amounts of money
• converting an amount of money in decimal notation to cents only and vice versa
• solving word problems involving money in dollars only (or in cents only)

Preparation for this topic goes back to the early part of the year. Click HERE to read more about it.

Some Important Notes

1) We read $15 as 'fifteen dollars' but some children may write it as '15$'. Children need to be mindful of the difference in speech and writing.

2) When counting money, we count from the highest to the lowest denominations.

3) Some pupils have the misconceptions that the set with more  coins has a greater amount of money. Some students may relate the size of a coin with its value, thus perceiving, for example, a 50-cent coin as having a higher value than a 1-dollar coin.

4) Students have not learnt the concept of decimals, so the decimal point is

regarded as a point separating the cents from the dollars, and the two digits after the decimal point denote the number of cents.

5) Point out that to change dollars to cents, just remove the “$” sign and

the dot. Remind students to put a dot after the dollars to separate the

dollars from the cents. Point out that they are not to use both “$” and “¢” together.