What Are Units of Currency?

Units of currency are the different types of money we use to buy things. In the UK, the main unit of currency is the pound (£), and we have smaller units called pence (p).

Key Points to Remember

  1. Pound (£): This is the main unit. One pound is made up of 100 pence.
  2. Pence (p): These are smaller units. For example, 50 p means 50 pence.
  3. Conversion: To change pence to pounds, divide the number of pence by 100. To change pounds to pence, multiply the number of pounds by 100.

Examples

  • If you have 200 pence, how many pounds do you have?
    • 200 \div 100 = 2 \text{ pounds}
  • If you have £3, how many pence is that?
    • 3 \times 100 = 300 \text{ pence}

Key Rules

  • Always remember: 1 pound = 100 pence.
  • When adding or subtracting currency, make sure both amounts are in the same unit. Convert pounds to pence or pence to pounds as needed.
  • When you’re buying something, check the price in pounds and pence!

Tips and Tricks

  • Use coins to help you with understanding currency. For example, a £1 coin, a 50p coin, and 20p coins can help you see how they add up.
  • Practice counting money with real coins or play shop games to get used to different amounts.
  • When you see a price, think about how many coins you would need to make that amount.

Questions

Easy Level Questions

  1. How many pence are there in £1?
  2. If you have 10p and you find another 10p, how much do you have in total?
  3. What is 50p plus 30p?
  4. If I have £2, how many pence do I have?
  5. What is 100p in pounds?
  6. If you buy something for 40p and pay with a £1 coin, how much change do you get?
  7. How many 20p coins make £1?
  8. If you have 150p, how many pounds is that?
  9. What is 70p plus 20p?
  10. If you have £3, how many pence do you have?

Medium Level Questions

  1. If I buy two items costing £1.20 each, how much do I spend in total?
  2. You find a £2 coin and a 50p coin. How much money do you have?
  3. What is £4.50 in pence?
  4. If you have three £1 coins and two 50p coins, how much do you have?
  5. You buy a toy for £5 and give the shopkeeper a £10 note. How much change do you get?
  6. How many 10p coins do you need to make £2?
  7. If a drink costs £1.75, how many pence is that?
  8. You have £5 and spend £2.25. How much do you have left?
  9. If you save 50p a week, how much do you save in 4 weeks?
  10. If you have £6, how many 20p coins can you get?

Hard Level Questions

  1. You have £10. You buy three items for £2.50 each. How much money do you have left?
  2. If you find a £5 note and a £2 coin, how much do you have altogether?
  3. A book costs £7.99. If you pay with a £10 note, how much change do you get?
  4. You have 200p. You spend £1.50. How much do you have remaining?
  5. If you want to buy a gift for £15.75, how many £5 notes do you need?
  6. How many 50p coins can you get for £5?
  7. You buy 4 packs of stickers for £2.20 each. How much do you spend?
  8. If your pocket money is £3.60, how many pence is that?
  9. You have £8.50 and spend £4.75. How much do you have left?
  10. If you have 300p and spend £2.25, how much money do you have now?

Answers and Explanations

Easy Level Answers

  1. 100 pence
  2. 20p
  3. 80p
  4. 200 pence
  5. £1
  6. 60p
  7. 5 coins
  8. £1.50
  9. 90p
  10. 300 pence

Medium Level Answers

  1. £2.40
  2. £2.50
  3. 450p
  4. £3.50
  5. £5.00
  6. 20 coins
  7. 175p
  8. £2.75
  9. £2.00
  10. 30 coins

Hard Level Answers

  1. £4.00
  2. £7.00
  3. £2.01
  4. 50p
  5. 3 notes
  6. 10 coins
  7. £8.80
  8. 360p
  9. £3.75
  10. 75p

By practicing these questions and understanding the concepts, you’ll become a currency expert in no time! Happy learning!