About Money (for Juniors)
Money is good for buying. In fact, it is one of the only things you can use to buy with. first, you have to know that 100 cents is equal to a dollar.
how many dollars is 12039400 cents?
The answer is $120,394. That's a lot of money.
Oh, and by the way, $ is the symbol for dollars. It goes before the number.
Here's a hard one.
You want to buy a teddy bear for $19, and you have $2. How much more money do you have to save?
If you thought $17, you're wrong. there is 23% sales tax on the product. Did I mention that?
Anyway, do you know what this means?
$5.25
It means 5 dollars and 25 cents.
Try this.
You have $7.60 and you are willing to spend $2.99 of it.
you could buy an airplane for $1.00
you could buy a rock for $0.01
you could buy a ball for $2.00
you could buy a rocket for $0.98
what can you buy so you spend exactly your desired amount?
Answer: everything but the airplane.
Well, how much money do you get back?
Hint: You'll need to subtract.
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Answer: $4.61
Money and its forms.
Money comes in coins and bills. Usually, the bills cost more.
There are many different coins. Here are some common ones.
Coin-----worth----president on coin
Penny----$0.01----Abraham Lincoln
Nickel---$0.05----Thomas Jefferson
Dime-----$0.10----Franklin Roosevelt
Quarter--$0.25----George Washington
There are also many types of bills. Here are some that are still in use.
Bill---------worth-----president or person on bill
one----------$1.00------George Washington
two----------$2.00------Thomas Jefferson
five---------$5.00------Abraham Lincoln
ten----------$10.00-----Alexander Hamilton
twenty-------$20.00-----Andrew Jackson
fifty--------$50.00-----Uyless Grant
one hundred--$100.00----Benjamin Franklin
THE MONEY CHALLENGE
Okay. You have $127,000.
you get a fee of 50% of your money.
you buy an IPod for $250.
you lose 28 cents.
you buy a lottery ticket for $5.00
you win the lottery and get $1,000,000
How much money do you have?
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