The document explains the various ways money is used, including paying for items with cash, cards, or cheques, and discusses the concepts of earning and paying interest in banking. It provides examples of transactions, calculating change, and various costs of goods and services. Additionally, it includes exercises and questions to help understand money management and calculations.

1. Money is used to pay for things.
We can buy items using coins
and banknotes. We can also
pay using cheques or cards.
When we work for somebody,
they may pay us money in
exchange for our work.

2. We use money
in many
different ways.
Here are some
examples...
Saving pocket money
in a piggy bank.
Paying for
shopping at a
supermarket.
Withdrawing banknotes
from a cash machine.
Buying lunch
in a café.
Saving money in
a bank account.
Ordering tickets for
a concert online.
Paying
household bills.
Lending money
to a friend.

3. When we buy things, we
might not have the exact
money to pay the
shopkeeper. So, we can give
them a bit too much and
they give us the change.
40p
An apple costs 40p. If I pay with fifty
pence, how much change do I receive?
To work out the amount of change,
calculate the difference between
the total price and the amount that
you give the shopkeeper.
50p - 40p = 10p
The change is 10p.
A toy truck costs £8.50. How much
change will I get if I pay with £20?
£20.00 - £8.50 = £11.50
The change is £11.50.£8.50

4. Earning Interest
When you save money in a bank
account, the bank will pay you to
let them look after your money.
This is called interest.
If you save £100 in an account
with an interest rate of 5%, after a
year you will have £105!
Paying Interest
If you borrow money, the lender
will charge you for this. The extra
charge is also called interest.
If you borrow £100 in a loan with
an interest rate of 15%, after a
year you will owe the bank £115
(if you haven’t paid anything back).
There are
two
different
types of
interest.
Which of
these
would you
prefer?

5. www.teachingpacks.co.uk©
1p 1 pence £0.01
2p 2 pence £0.02
5p 5 pence £0.05
10p 10 pence £0.10

6. Total - Less than £1.00 www.teachingpacks.co.uk
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7. 1. £0.35
0.96+
2. £0.26
0.46+
3. £0.65
0.88+
4. £0.89
0.81+
5. £0.17
0.83+
6. £0.39
0.57+
7. £0.67
0.94+
8. £0.21
0.26+
9. £0.24
0.20+
10. £0.47
0.37+
11. £0.97
0.49+
12. £0.54
0.27+
www.teachingpacks.co.uk
Images: © ThinkStock
©1
Can you solve these
addition calculations?

8. 5p
www.teachingpacks.co.uk©
1
2
3
4
5
12p
16p
19p
23p
Can you find the coins to give the
correct change to these customers?

9. www.teachingpacks.co.uk
Images: © ThinkStock©
5 6
7 8
What is the total value
of these coins and notes?
What is the total value
of these coins and notes?
What is the total value
of these coins and notes?
What is the total value
of these coins and notes?

10. www.teachingpacks.co.uk
Images: © ThinkStock©
9 10
11 12
What is the total cost
of one sandwich, one
apple and one bottle
of water?
Café Price List
Sandwich £2.00
Apple £0.50
Cake £2.50
Bottle of Water £1.50
Glass of Juice £1.20
What is the total cost
of two sandwiches,
one piece of cake and
one glass of juice?
If I buy The Golden Sword, The Portal of
Fear and Magic Man, how much will I pay?
Book Prices
The Golden Sword £5.50
Swept Away £6.25
Flying £3.75
The Portal of Fear £4.40
Magic Man £4.80
If I buy one copy of
every book on this
price list, how much
will I pay?
Kel’s mum buys a doll,
a board game and a
trampoline. What is
the total cost?
Toy Shop
Doll £17.95
Construction Set £28.40
Board Game £10.75
Console Game £42.80
Trampoline £99.50
Sal buys two board games, a console
game and a construction set.
What is the total cost?
What is the total cost of one adult
ticket, one child ticket, two boxes
of popcorn and two drinks?
Movie Price List
Adult £6.49
Child £3.99
Family of Four £16.99
Popcorn £1.99
Drink £2.49
If two adults and two
children buy a‘Family of
Four’ticket, how much
do they save compared
to the cost of their
individual tickets?

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©
One Pence
1p
Ten Pounds - £10.00
Twenty Pounds - £20.00
Fifty Pounds - £50.00
Two Pence
2p
Five Pence
5p
Ten Pence
10p
Two Pounds
£2.00
One Pound
£1.00
Fifty Pence
50p
Twenty Pence
20p
Five Pounds - £5.00

12. www.teachingpacks.co.uk
Images: © ThinkStock©
80p £149.90
40p £15,000
£39.99 £5.75