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11

Money

LEARNING ObjEctIvEs

After studying this chapter, students will be able to...
y understand the exchange of Indian currency with the currencies of some major countries
y recognise the use of money in real life
y exchange money of different denominations
y find the value of given quantities using the unitary method
y understand the concept of billing

21 st
Century #Inter-disciplinary
Skills
Warm Up Exchange of Currencies

The currency of a country is its system of money. Different
countries use different currencies to count their money. In India,
we use rupees (`) and paise (p). We can exchange rupees for
the currencies of other countries.

The following table shows the currencies of some countries and
their value in Indian rupees on a particular day. Study it carefully.

Country Currency Symbol Value in Indian Rupees
USA Dollar (USD) $ `88

Pakistan Pakistani Rupee (PKR) Rs 30 paise
England Pound (GBP) £ `118
Germany Euro (EUR) € `102
Japan Yen (JPY) ¥ 60 paise
China Yuan (CNY) Ұ `12

234 Mathematics 5