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Detailed Explanation of Add and Subtract Money – Word Problems 💷➕➖

When we add and subtract money in Year 3, we need to work carefully with pounds (£) and pence (p). It’s important to understand that 100 pence make 1 pound. Let’s learn how to solve word problems about money step by step!

Understanding Pounds and Pence 💰

  • Pounds are written with a £ sign before the number, like £3 or £10.
  • Pence are smaller parts of a pound. For example, 50p means 50 pence.
  • When you add or subtract, you need to keep pounds and pence in the right places.

How to Add Money in a Word Problem ➕

  1. Look for all the amounts of money you need to add.
  2. Add the pounds first.
  3. Add the pence next.
  4. If the pence total is 100 or more, change 100 pence into 1 pound and add it to the pounds.
  5. Write your answer in pounds and pence.

Example:

Lucy bought a book for £3.45 and a toy for £4.60. How much did she spend in total?

  • Add pounds: 3 + 4 = 7 pounds
  • Add pence: 45p + 60p = 105p
  • 105p is more than 100p, so change 100p into £1
  • Add £1 to £7 = £8
  • Leftover pence: 105p – 100p = 5p
  • So, total money spent = £8.05

How to Subtract Money in a Word Problem ➖

  1. Check the amounts where you subtract money.
  2. Subtract the pounds first.
  3. Then subtract the pence.
  4. If the pence in the smaller amount is bigger than in the bigger amount, borrow 1 pound (which is 100p) and add it to the pence before subtracting.
  5. Write your answer clearly with pounds and pence.

Example:

Tom had £7.50. He bought a sandwich for £2.85. How much money does he have left?

  • Pounds: 7 – 2 = 5 pounds
  • Pence: 50p – 85p can’t be done because 50p is less than 85p.
  • Borrow £1 (which is 100p): £5 becomes £4 and 50p + 100p = 150p
  • Now subtract pence: 150p – 85p = 65p
  • The answer is £4.65 left

Tips for Adding and Subtracting Money Word Problems 💡

  • Always line up the pounds and pence when you add or subtract.
  • Remember 100 pence = £1.
  • Take your time to check each step.
  • Practice with different problems to become confident.

Adding and subtracting money is a useful skill, and reading the word problems carefully helps you know what to do. Keep practising, and you’ll get even better!

20 Examination-Style Questions on Add and Subtract Money – Word Problems 📝

Here are 20 examination-style questions that focus on adding and subtracting money using word problems. These questions are designed for Year 3 students in Key Stage 2 to practise their skills with pounds and pence.

  1. Emma had £5.50. She bought a toy for £2.75. How much money does Emma have left?
  2. James saved £8.20. He found £3.40 more in his pocket. How much money does James have now?
  3. Lily spent £4.15 on a book and £1.30 on a pencil case. How much did she spend in total?
  4. Tom had £10. He bought an ice cream for £2.85. How much money did he have left?
  5. Mia earns £12.50 each week. After spending £3.45 on snacks, how much money does she have left?
  6. A packet of crisps costs 95p and a drink costs £1.20. How much do they cost altogether?
  7. Harry has £7.75. He gave £2.50 to his brother. How much money does Harry have now?
  8. Sarah bought a sandwich for £3.05 and a drink for 85p. How much change will she get from £5?
  9. Jack saved £15.60. He spent £4.25 on a game. How much money does he have left?
  10. Amy had £9.40. She spent £2.95 on a book. How much money does she have now?
  11. Ben bought a toy for £6.80 and a book for £5.25. How much did he pay altogether?
  12. Sophie paid £3.55 for a hat and £2.45 for gloves. How much money did she spend?
  13. Oliver found £10.20 in his piggy bank. He spent £3.75 on sweets. How much money is left?
  14. Ella bought a cake for £4.90 and a drink for £1.10. How much money did she spend?
  15. Liam had £20. He lost £7.65. How much money does he have left?
  16. Ava had £5.75. She bought a toy costing £3.50. How much money is left?
  17. Noah saved £18.90. He spent £9.60 on a football. How much money is left?
  18. Grace bought a book for £4.60 and a bookmark for 80p. How much did she spend?
  19. Ethan had £14. He spent £5.50 on lunch. How much money does he have now?
  20. Chloe earned £11.20. She gave £3.65 to charity. How much money does she have left?

These questions help practise adding and subtracting money with pounds and pence in real-life situations. Remember to line up the decimal points and think carefully about pounds and pence when solving!

Answers to the 20 Examination-Style Questions on Add and Subtract Money ✅

Here are the detailed answers with clear, step-by-step solutions to help Year 3 students understand how to add and subtract money in word problems. We will show how to work with pounds and pence carefully, making sure every step is easy to follow.

1. Emma has £5.20. She buys a toy for £2.50. How much money does she have left?

Step 1: Start with £5.20
Step 2: Subtract £2.50
£5.20 − £2.50 = £2.70
Answer: Emma has £2.70 left.

2. Jack has £3.75. He finds £1.25 more in his pocket. How much money does he have now?

Step 1: Start with £3.75
Step 2: Add £1.25
£3.75 + £1.25 = £5.00
Answer: Jack has £5.00 now.

3. A book costs £4.60. If Lucy pays with a £10 note, how much change does she get?

Step 1: Start with £10.00
Step 2: Subtract £4.60
£10.00 − £4.60 = £5.40
Answer: Lucy gets £5.40 change.

4. Tom buys snacks for £2.85 and drinks for £1.65. How much does he spend altogether?

Step 1: Add £2.85 + £1.65
£2.85 + £1.65 = £4.50
Answer: Tom spends £4.50 altogether.

5. Mia has £7.50. She spends £3.60 on a game. How much money does she have left?

Step 1: Subtract £3.60 from £7.50
£7.50 − £3.60 = £3.90
Answer: Mia has £3.90 left.

6. If a chocolate bar costs £1.25 and a drink costs £2.40, what is the total price?

Step 1: Add £1.25 + £2.40
£1.25 + £2.40 = £3.65
Answer: The total price is £3.65.

7. Sam had £10. He bought three toys costing £2.50, £3.40, and £1.70. How much money is left?

Step 1: Add the toy prices: £2.50 + £3.40 + £1.70 = £7.60
Step 2: Subtract from £10: £10.00 − £7.60 = £2.40
Answer: Sam has £2.40 left.

8. Grace has £5.85 and finds £2.10 more in her purse. What is her total money?

Step 1: Add £5.85 + £2.10 = £7.95
Answer: Grace has £7.95.

9. A toy costs £6.40; Billy pays with £10. How much change does he get?

Step 1: Subtract £6.40 from £10.00
£10.00 − £6.40 = £3.60
Answer: Billy gets £3.60 change.

10. Zara spends £2.55 on a book and £3.95 on games. How much did she spend?

Step 1: Add £2.55 + £3.95 = £6.50
Answer: Zara spent £6.50.

11. If a ticket costs £8.30 and Lily gives £10, what is the change?

Step 1: £10.00 − £8.30 = £1.70
Answer: Lily gets £1.70 change.

12. Harry has £4.50. He buys a sandwich for £2.25. How much money is left?

Step 1: £4.50 − £2.25 = £2.25
Answer: Harry has £2.25 left.

13. If a hat costs £3.75 and a scarf costs £4.85, how much do they cost altogether?

Step 1: £3.75 + £4.85 = £8.60
Answer: They cost £8.60 altogether.

14. Lucy has £9.00. She spends £4.25 on a dress. How much money does she have now?

Step 1: £9.00 − £4.25 = £4.75
Answer: Lucy has £4.75 left.

15. Tim finds £1.10 and has £6.35 already. What is his total money?

Step 1: £6.35 + £1.10 = £7.45
Answer: Tim has £7.45.

16. Amy bought a toy for £3.55 and a book for £6.20. How much did she spend?

Step 1: Add £3.55 + £6.20 = £9.75
Answer: Amy spent £9.75.

17. If James has £10 and spends £7.65, how much change does he get?

Step 1: £10.00 − £7.65 = £2.35
Answer: James gets £2.35 change.

18. Ella has £15. She spends £9.30 on gifts. How much money is left?

Step 1: £15.00 − £9.30 = £5.70
Answer: Ella has £5.70 left.

19. If a toy costs £12.45 and Paul gives £20, what is the change?

Step 1: £20.00 − £12.45 = £7.55
Answer: Paul gets £7.55 change.

20. Sophie had £8.85 and found £4.15 more. How much money does Sophie have now?

Step 1: £8.85 + £4.15 = £13.00
Answer: Sophie has £13.00 now.

These step-by-step answers help you understand how to add and subtract money in pounds and pence, which is a key skill for Year 3 Maths. Remember to line up the decimal points and always check your work carefully!

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