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Mathematics is one of the subject areas in which students must master concepts. Thorough practice is one of the most important aspects of mastering mathematics, and the International Maths Olympiad (IMO) is one such platform where students are trained to understand its fundamentals. In this article, you will get detailed information about IMO Class 3 Chapter 4: Money.

International Maths Olympiad is held by School Connects Online. It is open to students in grades 1 to 10. All of the questions on these exams are multiple-choice. The Olympiad exam also serves as a foundation for students to achieve academic success. It gives students an advantage over their peers when solving difficult questions.

Register now for IMO 2022-23

IMO Class 3 Chapter 4: Money Detailed Notes

There are several coins used in India when it comes to money. It could be 25 paisa, 50 paisa, 1 rupee, 2 rupees, 5 rupees, or 10 rupees.

Assume you have fifty rupee notes and twenty-five rupee coins. In other words, consider this amount to be Rs. 50 and paise 25.

In numbers, we call it 50 Rupees 25 Paise, or 50.25.

₹ – A Rupee’s international symbol

We write fifty-five rupees as Rs. 55 or 55.

When we combine rupees and paise, 25 rupees and 75 paisa, we get 25.75. Rupees and paise are separated by a point.

Rupee to Paisa conversion

As we all know, 

1 Rupee = 100 paise

To convert rupees to paisa, multiply the number of rupees by 100.

Example 1: Convert 75 to paisas.

Solution: 75 = 75 times 100 = 7500 paisa

Paise to Rupee Conversion

To convert paisa to rupees and paise, simply place a dot (.) after two figures from the right of the given number and write Rs. To the left of the specified amount.

We are aware that,

1 rupee = 100 paise

As a result, to convert rupees to paisa, multiply the rupee number by 100.

Paise to rupee conversion.

To convert paisa to rupees, multiply paisa by 100.

Example:- 5050p = 5050 / 100 = 50.50

How to Get Ready for a Math Olympiad

Preparation is especially important when a student is taking a competitive exam, such as the International Math Olympiad. Maths Olympiad Workbooks and Previous Year Question Papers were introduced by School Connects Online for students in grades 1 to 10. Subject matter experts create the study materials. The questions are in multiple-choice format and cover topics from the most recent syllabus. Olympiad preparation material makes it easier to prepare for the games.

Also Read: How to prepare for Olympiads?

School Connect Online offers olympiads such as:

1.National Science Olympiad (NSO)

2. International Mathematics Olympiad (IMO)

3. Coding Olympiad 

4.Artificial Intelligence Olympiad.

Prepare for your Olympiad coaching with the Olympiad Genius by interacting with one of the greatest educators from IIT, NIT, as well as other institutions!

Related Links : 

IMO Class 1 chapter 1

Science class 5 chapter 8 full details

IMO Class 1 Chapter 7

Science class 5 chapter 7 full details

Science class 5 chapter 5 full details

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