6 Math Problems That You Can Solve To Earn Thousands Of Dollars In Prize Money

Everyone knows there's a bunch of money to be found studying STEM (Science, Technology, Engineering, and Mathematics), but few fields are as direct about the opportunities for making money as math. 

The tradition of offering mathematical prizes goes back ages. One of the most famous men to offer prizes in exchange for proved theorems is the legendary Paul Erd ő s, whose $25 prize checks were often just framed as a trophy rather than cashed. 

Still, that tradition carries on to today, and anyone who manages to prove one of these problems — and solve it to the satisfaction of the evaluation committees — can expect a nice check in the mail. 

However, keep in mind that these are profoundly difficult problems that have stumped generations of mathematicians, so it's not exactly a free check. 

Paul Erdős Wikimedia Commons $5,000 — Erdős conjecture on arithmetic progressions

While Erd ős passed away in 1996, Ronald Graham remains the current administrator of any outstanding  Erd ős problem prizewinners. 

You can make $5,000 by proving one of the remaining Erdős problems, the Erdős conjecture on arithmetic progressions . 

If the sum of the reciprocals of the elements of a set A (comprised of positive integers) diverges, then A contains arbitrarily long sequences of numbers with constant differences between terms. 

So you've got this set A, made of positive integers. You take the reciprocal of those numbers — for a number x, the reciprocal is 1/x — and you sum them, and find that they never converge to a single number, they just keep adding to infinity. 

Well, this conjecture says that when that happens, you'll notice A contains sequences of numbers with an arbitrary distance between them. 

Prove that works every time, let Graham know, and your check — signed by Graham if you want to cash it, signed by Erdős if you make the right call and frame it — is in the mail. 

~$65,000 — Hutter Prize

This prize, orchestrated by sponsor Marcus Hutter,  seeks to find new ways to compress data. The task is to create a compressed archive of a given 100MB file smaller than ever before as a way to create new compression algorithms.

If you can get it compressed to smaller than the current record — around 16MB — you get a portion of the prize money. So far,  Alexander Ratushnya is the three-time winner.

The prize? The percent you improve the compression is equal to the percent of the 50,000€ you win, with a minimum of 3%.

$1,000,000 — Navier-Stokes Equation

This is one of the six unsolved millennium problems which — if solved — net the solver $1 million. 

The Navier-Stokes equations help us understand and predict turbulence or air flow or waves in a mathematical sense.

The thing is, we don't actually understand them anywhere near as well as we should. Fluids are hard to understand but crucially important. With Navier-Stokes, someone has to invent new ideas that we can get from rudimentary partial differential equations to a total understanding of the equation. 

We need to know that "smooth, physically reasonable solutions" exist for the equations, in the words of Chlarles L. Ferfferman. Describe them and the prize is yours. 

Riemann Wikipedia $1,000,000 — Riemann Hypothesis

This is another Millennium Problem. When you look at the prime numbers among all natural numbers, you won't notice a pattern. 

However, G.F.B. Riemann observed in the 19th Century that the frequency of prime numbers is closely related to the behavior of the Riemann Zeta function:

ζ(s) = 1 + 1/2 s  + 1/3 s  + 1/4 s  + ...

The Reimann hypothesis is that all the interesting solutions of  ζ(s) = 0  lie on a vertical straight line. For the first 1.5 billion solutions, mathematicians have checked and saw that he was right. 

If you  prove  it is true, you get the check. 

BI $1,000,000 — Prove Beal's Conjecture 

Fermat's Last Theorem went unsolved for hundreds of years. It said that no three positive integers  a, b  and  c  can satisfy 

a x  + b x  = c x  

when integer  x  is greater than two. 

Billionaire Andy Beal  had been working on Fermat's Last Theorem  when he stumbled upon a different problem . At the time, he was using computers to look at similar equations with different exponents. 

Beal's Conjecture is related. If  a, b, c, x, y , and  z  are all positive integers and  x, y, z  are greater than two, 

a x   + b y  = c z

is only possible when  a, b  and  c  have a common prime factor. 

Beal found during his computations that the only solutions to the equation were when a, b and c had a common factor  so he contacted folks in academia to confirm that the problem was new, then set up a prize with the AMS for the person who proves his conjecture. 

So, if you find a proof or counterexample to Beal's Conjecture that gets approved by the AMS-appointed committee and gets into a journal, you get a million bucks. 

Cybrbeast BONUS: ~$2,500 - Mine a bitcoin.

When you "mine a Bitcoin," you use a computer to solve a particularly difficult mathematical cryptography problem. 

You're not actually doing the solving, and it's a simple brute-force effort, but the fact of the matter is you're technically trying to solve a math problem before anyone else. 

Should your computer do this — successfully solve the cryptographical problem before anyone else — you will be rewarded with 25 bitcoins, as a way to encourage people to participate in the effort. 

25 bitcoins is currently retailing for around $2,500. If you're not mathematically endowed, this may be the best way to get paid to "do math."

math problems to solve for money

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math problems to solve for money

Common Core - State Standards Initiative

Students will absolutely need to know how to handle money in their daily lives. Math Games is here to make sure that happens! Our free educational games motivate kids to hone and develop this skill by combining instructional tools with competitive fun.

Our games can be played on computers and mobile devices, and we offer other free resources (such as printable worksheets) to facilitate math review inside and outside the classroom. Pupils can use our tools to practice:

  • Counting and understanding money values
  • Adding and subtracting money
  • Making change and interpreting price lists
  • Calculating tips, markups, discounts and commission
  • Understanding simple and compound interest

With Math Games, pupils complete tasks that are specially tailored to their individual abilities and grade level, and get to have a blast in the process! Choose a skill to start playing now.

Money Prodigy

16 Money Word Problems with Solutions and Answers (By Grade)

By: Author Amanda L. Grossman

Posted on Last updated: January 9, 2024

Develop students’ money life skills plus work on math concepts with real-life money word problems with solutions and answers.

Bell ringers, math centers, classroom money pickles, daily warm-ups…you can sneak these money word problems with solutions and answers into your student’s day in lots of different ways.

group of high school students with teacher around table working, text overlay

Or, make them the highlight of your 30-minute personal finance session – use whatever time you’ve got.  

The exciting thing about using money word problems and consumer math worksheets is you’re giving your students the chance to practice both math AND money life skills they’ll be able to use out in the wilds of the “real world” (like in the produce section of the super market).

Awesome! Let’s dig in.

Money Word Problems with Solutions and Answers

Money word problems can begin as early as 2 nd grade with simple addition and subtraction.

And they get increasingly more complex – two steps, then multiple steps, and more complex thinking – as students go through middle school and then high school.

We’ll start with the easier money word problems, and move into more complex ones, by grade.

Psst: do your students need a refresher on counting money or identifying coins? Here are free 2 nd grade money worksheets , 14 money counting games , and a bunch of free consumer math worksheets .

Money Word Problems Grade 3

While there’s no mention of money for Grade 3 Common Core Standards , you can relate several of the math standards to money word problems.

Teaching students math AND money life skills at the same time? #winning.

For example:

  • Number and Operations in Base Ten (CCSS.MATH.CONTENT.3.NBT.A.2) : Fluently add and subtract within 1000 using strategies and algorithms based on place value, properties of operations, and/or the relationship between addition and subtraction.
  • Operations and Algebraic Thinking (CCSS.MATH.CONTENT.3.OA.D.8) : Solve two-step word problems using the four operations. Represent these problems using equations with a letter standing for the unknown quantity. Assess the reasonableness of answers using mental computation and estimation strategies including rounding.

Here are some worksheets with money word problems to help your students practice these concepts.

1. Money Task Cards + Scavenger Hunt

This free set of money task cards each has mostly one-step money word problems on them.

You can cut them out, and do a scavenger hunt around the room to get students up and moving. OR, she has lots of other ideas for how to use them. There’s also a worksheet asking students to come up with their own money word problem using specific amounts.

Very helpful!

2. Money Shopping Word Problems

Scroll down on this page, and you’ll find a nice collection of shopping money word problem worksheets for free.

Students will work through:

  • Adding up the cost of ordered items from a menu
  • Calculating their change after an order
  • Calculating sales tax

They’ve also got some good free worksheets on Wage word problems, simple and compound interest calculation word problems, etc.

Hint: there’s worksheets in here for older grades, too.

Two-Step Money Word Problems for 3 rd Graders

You likely saw above that third graders are supposed to be doing two-step word problems.

Two-step money word problems require two calculations to complete them. They’re not entirely straightforward – your students will need to think things through a bit more before they can come up with the correct answer.

3. Money Within $100 Word Problems

Get your set of 5 free, two-step money word problems within $100. Each word problem has space to draw and work through the problem.

4. Simple Two-Step Money Word Problems

Here’s a three-page set of two-step money word problems that have students add up the total amount of spending, then figure out how much change they should get back.

There are spaces for students to work out each of the two steps.

Hint: this is a free set of money word problems, but you’ll need a free Teachers Pay Teachers account to access it.

5. August Problem Solving Path Worksheets

I just love the real-world approach this packet of word problems takes.

She includes a math journal for each problem (there is one money word problem, and the rest are word problems involving other common core standards for 3 rd graders), and a rubric on the math journal sheet so that you can easily grade based on your student’s work.

There’s both a US and a UK version.

6. Two Simple Two-Step Money Word Problems

And here’s another set of two-step money word problems for 2 nd -4 th graders. Again, kids are asked to add up the total cost of items purchased, then calculate how much change they would get back.

7. Can I Buy It? Word Problems

If you’re looking for an easier set of two-step word problems for your bunch of students, then you should check these out.

8. Mix of One-Step and Two-Step Money Word Problems

Here’s a simple worksheet that has a mix of both two-step and one-step money word problems for 3 rd graders. The theme is around ordering food items.

Money Word Problems with Solutions and Answers Grade 5

There are no Common Core State Standards for Mathematics (CCSSM) specifically for money math at the 5th grade level.

However, you can relate the math concepts in the CCSSM to real-life money scenarios with these money word problems.

  • Number and Operations in Base Ten (CCSS.MATH.CONTENT.5.NBT.B.5 – B.7) : Students should be able to perform operations with multi-digit whole numbers and decimals to the hundredths (which is an essential skill when working with money).
  • Operations and Algebraic Thinking (CCSS.MATH.CONTENT.5.OA.A.2) : Students should be able to understand and write expressions and equations and solve real-world and mathematical problems using addition, subtraction, multiplication, and division.

1. Bertie’s Big Win

Students are tasked with figuring out how much money Bertie won through the lottery, based on the fractional amounts he spent on various things (like a house, a trip to space, a luxury yacht, etc.).

Answer sheet is included, which is good – because this is a tough one!

Hint: they say on the website that the 4 th grade versions of his money word problems are a bit easier than the 5 th grade ones, so you might want to try those if this seems too hard for your class.

2. YMI’s Healthy Meal, Healthy Budget Worksheets

Grab your free teaching kit (for grades 3-5, then 6-8) that pairs healthy eating lessons with 5 money math word problems you’d find in the real world.

For example, the first word problem asks students to plan a meal for two people using chicken tenders as the base. They’re given the serving size for each person, then two different options to buy and asked to calculate which is the best money (by calculating the per-unit cost and then comparing that with what they get). 

Answers and explanations are provided.

3. Mixed Practice Money Word Problems

Students are given three paragraphs describing a real-life scenario that is going to cost money. Then, students are asked a series of questions below it, and will need to use multiple kinds of calculations to solve them (subtraction, addition, multiplication, etc.).

4. Value Your Power Word Problems

Here’s a set of money math worksheets tied to electricity use in the household.

In the first activity, students are asked to decipher an electricity bill. They’ll chart the kilowatts used each month of the year, and then work through a series of questions based on that information (such as calculating an average monthly cost).

There’s also a Value Your Power Scoreboard worksheet students can take home as a family challenge.

Hint: it says it’s for 4 th grade – but I suspect these would be great for some 5 th grade students anyway.

5. Thanksgiving Dinner PBL

This project for grades 3-5 starts with the following driving question:

“ I need to feed my family of six for Thanksgiving. For my meal I need an appetizer, main dish, two side dishes, a dessert, and a drink (at least). I have $175 to spend on all the ingredients and any decorations I may want. What should I make?”

Students are tasked with creating a meal plan, recipes, and a grocery list with prices.

Hint: you’ll need a free account on ShareMyLesson.com to download this free lesson plan and rubric.

Advanced Money Word Problems for Older Students

Got a group of high schoolers, or advanced middle schoolers to find money word problems for? These multi-step money word problems and money-thinkers might be just the thing.

Money Word Problem #1: Ad Sale Decode

Money Lesson : Ads aren’t always truthful, or as good of a deal as they first seem.

Norgay Sherpa, a mighty Everest climber who has personally climbed to the top of Everest three times (called summitting), saw a television commercial for a pair of Black Diamond Trail Pro Shock Trekking Poles. They have non-slip grips + are collapsible (something that would be very helpful on future climbs).

He wants to purchase them, but is confused about how much his total cost will be. Here are the details for a pair of trekking poles:

  • Two easy payments of $127.05
  • $9.95 Shipping & Handling
  • Get one extra pair free (an incredible deal!), just pay Shipping & Handling (S&H)

What is Sherpa Norgay’s total cost going to be?

Answer : $274. How you get there is adding the two “easy payments” of $127.05 + $127.05 + $9.95 S&H + $9.95 S&H (for the second “free” pair).

Money Word Problem #2: Car Insurance Snafu

Money Lesson : How auto insurance works.

One of your expedition partners, Sandy, is facing a money dilemma. She called her husband over Base Camp’s satellite phone and found out he was in a car accident. Don’t worry, he’s okay! But their family car looks like it was in an Avalanche.

Here are the details:

  • The accident was her husband’s fault, meaning he hit the other car.
  • Her family has a liability auto insurance policy that insures both of their vehicles.
  • They pay a monthly premium of $96/month.
  • They took the vehicle to a repair shop, and the quote to repair their car is $875.
  • They have an auto insurance deductible of $500.

How much is this car repair going to cost Sandy and her family out of their own pocket?

Answer : $875. They don’t have comprehensive car insurance, and Liability Only insurance means costs to repair the other person’s car will be paid, but not their own car. So, they’re left to pay the full $875.

Money Word Problem #3: Foreign Currency Mix Up

Money Lesson : How to figure out the value of a US Dollar against one of the other 168 currencies in the world.

Mingma Sherpa has been an outstanding partner for your expedition team. He’s done all of his duties to help you on Everest − such as setting up your tents and cooking some of your meals − and was paid 360,908.33 Nepalese Rupees for doing so.

It is common courtesy to tip your Sherpa, especially when they’ve done a great job. If you were to tip Mingma 51,593.24 Nepalese Rupees, how many US Dollars would that be?

Assume that 1 US dollar = 103.186 Nepalese Rupees.

Answer : $500 US Dollars. That’s 51,593.24/103.186.

I hope you’ve found some helpful money word problems with solutions and answers. I think these can open up some fun and helpful discussions with and between students that will help them manage their money as adults.

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Money Worksheets

Welcome to the money worksheets page at Math-Drills.com where you will not be short-changed! This page includes Money worksheets for counting coins and for operations with Dollars, Euros, and Pounds.

Students encounter money early on, and they must be able to manage it themselves in their everyday lives and into adulthood. There are many activities that you can do related to counting, adding, and subtracting money, so save some coins or purchase some play money to complete some of the activities on the money math worksheets below.

The policies of the United States Mint and the European Central Bank allow us to use their coin images on our worksheets. The Canadian coin images are used with permission from the Royal Canadian Mint. Permission to use Australian currency coin designs was obtained from the Royal Australian Mint.

Most Popular Money Worksheets this Week

Counting U.S. Coins

Counting Coins Worksheets

math problems to solve for money

This is a great place to start with younger students as they are likely to encounter coins before they encounter too many bills. Including children in money transactions helps them to develop important money management skills and has benefits in other math topics such as fractions.

Until everyone starts paying with their smart phones and microchips in their fingers, coins are still a thing. The U.S. Mint still makes billions of coins every year and children will probably encounter them very early on in their life. Knowing how much money you have in coins can be accomplished with a coin counting machine, or it can be accomplished with some mental math.

  • Counting U.S. Coins Counting U.S. Coins Counting U.S. Coins including Half and One Dollar Coins Counting Small Collections of U.S. Coins Counting Small Collections of U.S. Coins including Half and One Dollar Coins
  • Counting Sorted U.S. Coins Counting Sorted U.S. Coins Counting Small Collections of Sorted U.S. Coins
  • Counting Canadian Coins Counting Canadian Coins Counting Canadian Coins (No $) Counting Small Collections of Canadian Coins Counting Small Collections of Can. Coins (No $) Counting Canadian Coins Including 50 Cent Pieces
  • Counting Sorted Canadian Coins Counting Sorted Canadian Coins Counting Sorted Canadian Coins (No $) Counting Small Collections of Sorted Canadian Coins Counting Small Collections of Sorted Canadian Coins (No $)

No one likes their coins better than the U.K. With pockets full of eight different coin values, reinforced stitching on trouser pockets and handbags is common place. Learning to count all of these coins is a feat in itself, but the worksheets in this category should help.

  • Counting British Coins Counting British Coins Counting British Coins - No Pound Coins Counting Small Collections of British Coins Counting Small Collections of British Coins (No Pound Coins)
  • Counting Australian Coins Counting Australian Coins Counting Australian Coins (No Dollars) Counting Small Collections of Australian Coins Counting Small Collections of Australian Coins (No Dollars)
  • Counting Sorted Australian Coins Counting Sorted Australian Coins Counting Sorted Australian Coins (No Dollars) Counting Small Collections of Sorted Australian Coins Counting Small Collections of Sorted Australian Coins (No Dollars)
  • Counting Euro Coins Counting Euro Coins Counting Euro Coins (No 1 or 2 Cents) Counting Euro Coins (No 1 or 2 Euro Coins) Counting Euro Coins (Only 5, 10, 20 and 50 Cent Coins) Counting Small Collections of Euro Coins Counting Small Collections of Euro Coins (No 1 or 2 Cents) Counting Small Collections of Euro Coins (No 1 or 2 Euro coins) Counting Small Collections of Euro Coins (Only 5, 10, 20 and 50 Cent Coins)
  • Counting Sorted Euro Coins Counting Sorted Euro Coins Counting Sorted Euro Coins (No 1 or 2 Cents) Counting Sorted Euro Coins (No 1 or 2 Euro coins) Counting Small Collections of Sorted Euro Coins Counting Small Collections of Sorted Euro Coins (No 1 or 2 Cents) Counting Small Collections of Sorted Euro Coins (No 1 or 2 Euro coins)
  • Counting New Zealand Coins Counting New Zealand Coins (No Dollars) Counting New Zealand Coins Counting Small Collections of New Zealand Coins (No Dollars) Counting Small Collections of New Zealand Coins

Rounding Money Amounts

math problems to solve for money

The next dollar up is a skill for young students who are not yet able to make change, but can determine how many dollars it will take to cover an amount. For example, if something is $5.45 in a store, then they would need to give $6 to cover that amount since the next dollar up from $5.45 is $6. Students should understand that any amount above zero after the decimal means they need to add another dollar to the number before the decimal in order to have enough to pay for the item. The rest of the worksheets in this section are general rounding questions involving dollar amounts.

  • Next Dollar Up (U.S. Version) Next Dollar Up (Amounts to $5 ) (U.S. Version) Next Dollar Up (Amounts to $10 ) (U.S. Version)
  • Next Dollar Up (Canadian Version) Next Dollar Up (Amounts to $5 ) ( Canadian Version) Next Dollar Up (Amounts to $10 ) ( Canadian Version)
  • Next Dollar Up (Australian Version) Next Dollar Up (Amounts to $5 ) ( Australian Version) Next Dollar Up (Amounts to $10 ) ( Australian Version)
  • Next Pound Up (U.K. Version) Next Pound Up (Amounts to £5 ) Next Pound Up (Amounts to £10 )
  • Rounding Dollar Amounts Rounding Dollar Amounts to the Nearest 5 Cents Rounding Dollar Amounts to the Nearest 10 Cents Rounding Dollar Amounts to the Nearest 20 Cents Rounding Dollar Amounts to the Nearest 25 Cents Rounding Dollar Amounts to the Nearest 50 Cents Rounding Dollar Amounts to the Nearest 1 Dollar Rounding Dollar Amounts to the Nearest 2 Dollars Rounding Dollar Amounts to the Nearest 5 Dollars
  • Rounding British Pound Amounts Rounding British Pound Amounts to the Nearest 5 Pence Rounding British Pound Amounts to the Nearest 10 Pence Rounding British Pound Amounts to the Nearest 20 Pence Rounding British Pound Amounts to the Nearest 25 Pence Rounding British Pound Amounts to the Nearest 50 Pence Rounding British Pound Amounts to the Nearest 1 Pound Rounding British Pound Amounts to the Nearest 2 Pounds Rounding British Pound Amounts to the Nearest 5 Pounds
  • Rounding Euro Amounts Rounding Euro Amounts to the Nearest 5 Cents Rounding Euro Amounts to the Nearest 10 Cents Rounding Euro Amounts to the Nearest 20 Cents Rounding Euro Amounts to the Nearest 25 Cents Rounding Euro Amounts to the Nearest 50 Cents Rounding Euro Amounts to the Nearest 1 Euro Rounding Euro Amounts to the Nearest 2 Euros Rounding Euro Amounts to the Nearest 5 Euros

Adding and Subtracting Money

math problems to solve for money

Adding money amounts is a nice way to gently move students into thinking about decimals and what a great opportunity to use some manipulatives. Students generally perform better with math that has meaning. Decimal numbers to hundredths have most likely been in students' lives since very early on as stores display prices, parents comment about the prices to help develop critical thinking in their children, so if there is one decimal that students understand well, it is money. They sometimes have trouble relating it to paper and pencil which is why manipulatives come in handy. Play money is a little cheaper than real money and doesn't disappear quite as quickly.

  • Adding Money Amounts with Increments Specifically for U.S. Canadian Currencies Adding With Amounts up to $10 Adding With Amounts up to $100 Adding in Increments of 50 Cents ($) Adding in Increments of 25 Cents ($) Adding in Increments of 10 Cents ($) Adding in Increments of 5 Cents ($)
  • Adding Money Amounts with Increments Specifically for British Currency Adding With Amounts up to £10 Adding With Amounts up to £100 Adding Increments of 50 Pence (£) Adding Increments of 20 Pence (£) Adding Increments of 10 Pence (£) Adding Increments of 5 Pence (£) Adding Increments of 2 Pence (£)
  • Adding Money Amounts with Increments Specifically for Australian and New Zealand Currencies Adding With Amounts up to $10 Adding With Amounts up to $100 Adding Increments of 50 Cents ($) Adding Increments of 20 Cents ($) Adding Increments of 10 Cents ($) Adding Increments of 5 Cents ($)
  • Adding Money Amounts with Increments Specifically for Euro Currency Adding With Amounts up to €10 Adding With Amounts up to €100 Adding Increments of 50 Euro Cents Adding Increments of 20 Euro Cents Adding Increments of 10 Euro Cents Adding Increments of 5 Euro Cents Adding Increments of 2 Euro Cents

The strategy of choice for subtracting money is the counting up strategy. It works especially well for giving change from whole dollar/Pound/Euro amounts. Following is an example of how it works. Let's say the bill at the grocery store came out to $13.46 and the cashier was presented with a $20.00 bill and for some odd reason, the monitor on his cash machine had a crack in it that obscured the amount of change to give. What would he do?! The first thing to do is to take four cents out of the drawer because he needs to add the $13.46 to an unknown amount to make $20, and four cents will bring the $13.46 up to $13.50 which makes things rounder and, for most, a little easier. Next, he needs to pull out two quarters to bring the amount up to $14 even. He can then remove a dollar bill to make the amount $15, and finally pull out a $5 bill to count up to $20. Now, if he wanted to know how much change he gave, he just needs to think back to what he pulled out of the drawer: $5 + $1 + $0.50 + $0.04 = $6.54.

  • Subtracting Money Amounts with Increments Specifically for U.S. and Canadian Currencies Subtracting With Amounts up to $10 Subtracting With Amounts up to $100 Subtracting in Increments of 50 Cents ($) Subtracting in Increments of 25 Cents ($) Subtracting in Increments of 10 Cents ($) Subtracting in Increments of 5 Cents ($)
  • Subtracting Money Amounts with Increments Specifically for British Currency Subtracting With Amounts up to £10 Subtracting With Amounts up to £100 Subtracting Increments of 50 Pence (£) Subtracting Increments of 20 Pence (£) Subtracting Increments of 10 Pence (£) Subtracting Increments of 5 Pence (£) Subtracting Increments of 2 Pence (£)
  • Subtracting Money Amounts with Increments Specifically for Australian and New Zealand Currencies Subtracting With Amounts up to $10 Subtracting With Amounts up to $100 Subtracting Increments of 50 Cents ($) Subtracting Increments of 20 Cents ($) Subtracting Increments of 10 Cents ($) Subtracting Increments of 5 Cents ($)
  • Subtracting Money Amounts with Increments Specifically for Euro Currency Subtracting With Amounts up to 10 € Subtracting With Amounts up to 100 € Subtracting Increments of 50 Euro Cents (€) Subtracting Increments of 20 Euro Cents (€) Subtracting Increments of 10 Euro Cents (€) Subtracting Increments of 5 Euro Cents (€) Subtracting Increments of 2 Euro Cents (€)
  • Adding and Subtracting Money Amounts with Increments Specifically for U.S. and Canadian Currencies Adding & Subtracting With Amounts up to $10 Adding & Subtracting With Amounts up to $100 Adding & Subtracting in Increments of 50 Cents ($) Adding & Subtracting in Increments of 25 Cents ($) Adding & Subtracting in Increments of 20 Cents ($) Adding & Subtracting in Increments of 10 Cents ($) Adding & Subtracting in Increments of 5 Cents ($)
  • Adding and Subtracting Money Amounts with Increments Specifically for British Currency Adding & Subtracting With Amounts up to £10 Adding & Subtracting With Amounts up to £100 Adding & Subtracting Increments of 50 Pence (£) Adding & Subtracting Increments of 20 Pence (£) Adding & Subtracting Increments of 10 Pence (£) Adding & Subtracting Increments of 5 Pence (£) Adding & Subtracting Increments of 2 Pence (£)
  • Adding and Subtracting Money Amounts with Increments Specifically for Australian and New Zealand Currencies Adding & Subtracting With Amounts up to $10 Adding & Subtracting With Amounts up to $100 Adding & Subtracting in Increments of 50 Cents ($) Adding & Subtracting in Increments of 20 Cents ($) Adding & Subtracting in Increments of 10 Cents ($) Adding & Subtracting in Increments of 5 Cents ($)
  • Adding and Subtracting Money Amounts with Increments Specifically for European Currency Adding & Subtracting With Amounts up to 10 € Adding & Subtracting With Amounts up to 100 € Adding & Subtracting Increments of 50 Euro Cents (€) Adding & Subtracting Increments of 20 Euro Cents (€) Adding & Subtracting Increments of 10 Euro Cents (€) Adding & Subtracting Increments of 5 Euro Cents (€) Adding & Subtracting Increments of 2 Euro Cents (€)

Making change from bills and notes worksheets.

  • Making Change from U.S. Bills Making Change from U.S. $1 Bills Making Change from U.S. $5 Bills Making Change from U.S. $10 Bills Making Change from U.S. $20 Bills Making Change from U.S. $50 Bills Making Change from U.S. $100 Bills
  • Making Change from Mixed U.S. Bills Making Change from U.S. Bills up to $5 Making Change from U.S. Bills up to $10 Making Change from U.S. Bills up to $20 Making Change from U.S. Bills up to $50 Making Change from U.S. Bills up to $100
  • Making Change from Canadian Bills Making Change from Canadian $5 Bills Making Change from Canadian $10 Bills Making Change from Canadian $20 Bills Making Change from Canadian $50 Bills Making Change from Canadian $100 Bills
  • Making Change from Mixed Canadian Bills Making Change from Canadian Bills up to $10 Making Change from Canadian Bills up to $20 Making Change from Canadian Bills up to $50 Making Change from Canadian Bills up to $100
  • Making Change from Euro Notes Making Change from Euro €5 Notes Making Change from Euro €10 Notes Making Change from Euro €20 Notes Making Change from Euro €50 Notes Making Change from Euro €100 Notes Making Change from Euro €200 Notes
  • Making Change from Mixed Euro Notes Making Change from Euro Notes up to €10 Making Change from Euro Notes up to €20 Making Change from Euro Notes up to €50 Making Change from Euro Notes up to €100 Making Change from Euro Notes up to €200

Further worksheets will be released as soon as the Reserve Bank of New Zealand releases more banknotes from Series 7.

  • Making Change from New Zealand Banknotes Making Change from New Zealand $5 Banknotes Making Change from New Zealand $10 Banknotes
  • Making Change from Mixed New Zealand Banknotes Making Change from New Zealand Banknotes up to $10

The Bank of England sent us this response regarding our request for images: "Please note that the Bank of England does not provide images of notes." Therefore, we are unable to create making change math worksheets using Bank of England banknotes.

Multiplying and Dividing Money

math problems to solve for money

It would be nice if our own money could multiply quite as nicely in our bank accounts as it does on these worksheets. Alas, we will have to settle with low interest rates multiplying our money over the span of decades. These multiplying money worksheets would go well with some money manipulatives. Simply make several piles of the same amount (the same number of piles as the multiplier), combine it all into one pile, regroup as much as possible (e.g. five ones into a five), and count up the results.

  • Multiplying Dollar Amounts by 1-Digit Multipliers (U.S. and Canada Version) Multiplying Dollar Amounts in Increments of 1 Cent by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 5 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 10 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 25 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 50 Cents by One-Digit Multipliers
  • Multiplying Dollar Amounts by 2-Digit Multipliers (U.S. and Canada Version) Multiplying Dollar Amounts in Increments of 1 Cent by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 5 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 10 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 25 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 50 Cents by Two-Digit Multipliers
  • Multiplying Pound Sterling Amounts by 1-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 1 Penny by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 2 Pence by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 5 Pence by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 10 Pence by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 20 Pence by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 50 Pence by One-Digit Multipliers
  • Multiplying Pound Sterling Amounts by 2-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 1 Penny by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 2 Pence by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 5 Pence by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 10 Pence by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 20 Pence by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 50 Pence by Two-Digit Multipliers
  • Multiplying Dollar Amounts by 1-Digit Multipliers (Australia and New Zealand Version) Multiplying Dollar Amounts in Increments of 1 Cent by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 5 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 10 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 20 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 50 Cents by One-Digit Multipliers
  • Multiplying Dollar Amounts by 2-Digit Multipliers (Australia and New Zealand Version) Multiplying Dollar Amounts in Increments of 1 Cent by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 5 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 10 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 20 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 50 Cents by Two-Digit Multipliers
  • Multiplying Euro Amounts by 1-Digit Multipliers Multiplying Euro Amounts in Increments of 1 Cent by One-Digit Multipliers Multiplying Euro Amounts in Increments of 2 Cents by One-Digit Multipliers Multiplying Euro Amounts in Increments of 5 Cents by One-Digit Multipliers Multiplying Euro Amounts in Increments of 10 Cents by One-Digit Multipliers Multiplying Euro Amounts in Increments of 20 Cents by One-Digit Multipliers Multiplying Euro Amounts in Increments of 50 Cents by One-Digit Multipliers
  • Multiplying Euro Amounts by 2-Digit Multipliers Multiplying Euro Amounts in Increments of 1 Cent by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 2 Cents by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 5 Cents by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 10 Cents by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 20 Cents by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 50 Cents by Two-Digit Multipliers

Dividing money amounts by whole numbers worksheets.

  • Dividing Dollar Amounts by 1-Digit Multipliers (U.S. and Canada Version) Dividing Dollar Amounts in Increments of 1 Cent by One-Digit Divisors Dividing Dollar Amounts in Increments of 5 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 10 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 20 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 25 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 50 Cents by One-Digit Divisors
  • Dividing Dollar Amounts by 2-Digit Multipliers (U.S. and Canada Version) Dividing Dollar Amounts in Increments of 1 Cent by Two-Digit Divisors Dividing Dollar Amounts in Increments of 5 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 10 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 20 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 25 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 50 Cents by Two-Digit Divisors
  • Dividing Pound Sterling Amounts by 1-Digit Multipliers Dividing Pound Sterling Amounts in Increments of 1 Penny by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 2 Pence by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 5 Pence by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 10 Pence by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 20 Pence by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 50 Pence by One-Digit Divisors
  • Dividing Pound Sterling Amounts by 2-Digit Multipliers Dividing Pound Sterling Amounts in Increments of 1 Penny by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 2 Pence by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 5 Pence by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 10 Pence by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 20 Pence by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 50 Pence by Two-Digit Divisors
  • Dividing Dollar Amounts by 1-Digit Multipliers (Australia and New Zealand Version) Dividing Dollar Amounts in Increments of 1 Cent by One-Digit Divisors Dividing Dollar Amounts in Increments of 5 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 10 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 20 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 50 Cents by One-Digit Divisors
  • Dividing Dollar Amounts by 2-Digit Multipliers (Australia and New Zealand Version) Dividing Dollar Amounts in Increments of 1 Cent by Two-Digit Divisors Dividing Dollar Amounts in Increments of 5 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 10 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 20 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 50 Cents by Two-Digit Divisors
  • Dividing Euro Amounts by 1-Digit Multipliers Dividing Euro Amounts in Increments of 1 Cent by One-Digit Divisors Dividing Euro Amounts in Increments of 2 Cents by One-Digit Divisors Dividing Euro Amounts in Increments of 5 Cents by One-Digit Divisors Dividing Euro Amounts in Increments of 10 Cents by One-Digit Divisors Dividing Euro Amounts in Increments of 20 Cents by One-Digit Divisors Dividing Euro Amounts in Increments of 50 Cents by One-Digit Divisors
  • Dividing Euro Amounts by 2-Digit Multipliers Dividing Euro Amounts in Increments of 1 Cent by Two-Digit Divisors Dividing Euro Amounts in Increments of 2 Cents by Two-Digit Divisors Dividing Euro Amounts in Increments of 5 Cents by Two-Digit Divisors Dividing Euro Amounts in Increments of 10 Cents by Two-Digit Divisors Dividing Euro Amounts in Increments of 20 Cents by Two-Digit Divisors Dividing Euro Amounts in Increments of 50 Cents by Two-Digit Divisors

Copyright © 2005-2024 Math-Drills.com You may use the math worksheets on this website according to our Terms of Use to help students learn math.

Money Math Lessons, Problems and Exercises

image

Use our printable worksheets and math lessons to provide an interesting way to teach and reinforce basic math skills while teaching money concepts.

Practice money math problems and exercises including addition, subtraction, multiplication, division, percents and percentages, fractions, decimals, estimation, and rounding. Also practice with coins and calculator usage.

See below for more teaching categories with advanced consumer math based lessons.

Basic Money Math Lessons

math problems to solve for money

Change Math

Practice adding and subtracting money. Focus on decimals, and amounts under $1.00

math problems to solve for money

Students practice counting and adding or subtracting coins. Includes many different selections of coin types and number of coins that you may configure and select. Pennies, nickels, dimes, quarters.

math problems to solve for money

Estimating Sums of Money

Students will learn to estimate sums of money, and practice these skills in their independent work.

Estimating Differences with Money

Students will learn to estimate differences with money amounts, and review what it means to estimate.

Basic Math: Addition & Subtraction Lesson

Students learn how to add and subtract numbers using various techniques.

Basic Division: Dividing Whole Numbers

Students learn to divide whole numbers evenly, and with remainders. Long division.

Basic Multiplication: Multiplying Whole Numbers

Learn how to multiply whole numbers, including 2 and more digits. Multiplication definitions.

Factoring Numbers

Understand how to find the factors of a number.

Introduction to Fractions

Understand the basic components and concepts of fractions.

Multiplying and Dividing Fractions

Understand how to multiply and divide fractions.

Decimal Fractions Introduction

Understand the basics of decimal fractions, including related money transactions.

Decimals - Multiplying and Dividing

How to multiply, divide, and convert decimals to fractions.

Adding and Subtracting Fractions

How to add and subtract fractions.

Understand percent and how to calculate percent.

Ratio and Proportion

Understand the concepts of ratio and proportion.  

math problems to solve for money

Money and Division Lesson Plan

An introductory lesson plan for teaching and learning whole number division using money.  Includes printable division lesson worksheet.  Part two of this lesson includes remainders.

math problems to solve for money

Money Values

How many dollars, quarters, nickels, dimes, or pennies equals a given amount? Place value identification.

math problems to solve for money

Number Series

Practice filling in the missing number of a series.  Choose a basic worksheet, or create your own worksheet.  Series may increase by one (1,2,3), or by any other amount, for example by 5's (5,10,15), etc

Money Place Values Worksheet

Money Place Values

Fill in the place value units.  Place value identification exercises.

math problems to solve for money

Coin Combinations

Identify how many coins equals a given dollar amount.

Multiple Coin Combinations Lesson

Multiple Coin Combinations

Students identify different coin combinations that equal the same amount.  For example, identify two different ways to make change for a dollar.

Money Fractions Worksheet Lesson Plan

Money Fractions Matching

Practice identifying coins and matching to the respective fractions. Choose to either match coins to fractions, or write fraction amount.

Numeric Comparison Worksheet Lesson Plan

Numeric Comparison

Practice comparing numeric money amounts. For students who has moved past coins and are learning to compare decimals and money amounts.

Money Percentages Math Worksheet Lesson Plan

Money Percentages

Practice identifying coins and their respective percentage.  This is an early skills, basic worksheet with coins to help teach the money and percentages relationship. Choose to either match coins to percent, or write percentages amount.

Money Greater Than Less Than Lesson

Money Greater and Less Than

Practice comparing money with the greater than and less than symbol.  Choose a basic worksheet, or create your own worksheet.  Series may increase by one (1,2,3), or by any other amount, for example by 5's (5,10,15), etc.

math problems to solve for money

Practice money addition worksheets. Basic money addition and adding money.

Money Addition ($10 Max) tens

Money Addition ($100 Max) hundreds

Money Addition ($1000 Max) thousands

Money Addition ($10,000 Max) ten-thousands

Money Addition ($1,000,000 Max) millions

Money Addition ($10,000,000 Max) ten-millions

Practice money subtraction worksheets. Basic money subtraction and subtracting money.

Money Subtraction ($10 Max)

Money Subtraction ($100 Max)

Money Subtraction ($1000 Max)

Money Subtraction ($10,000 Max)

Money Subtraction ($1,000,000 Max)

Money Subtraction ($10,000,000 Max)

Dividing Money - Division

Basic practice worksheet of division of money. Decimal practice.  Create your own custom dividing money worksheets.

Money Puzzle Lesson

Money Puzzle - What Coins do They Have?

A coin puzzle worksheet.  Students must solve the money puzzle problems. Various amounts of coins and amounts are given.  Students must answer what coins might make up the combinations.

math problems to solve for money

Calculating the Amount of a Discount

Students will learn to calculate the amount of a discount.   

Calculating the Percent of a Discount

Students will learn to calculate the percent of a discount.   

Calculating an Original Price

Students will learn to calculate an original number given a discount and a percentage.   Calculating a Sales Price

Students will learn to calculate a sales prices.

Calculating Sales Tax

Students will learn to calculate sales tax.

Calculating a Sales Markup

Students will learn about sales and marking up prices.

Calculating a Commission

Students will learn to calculate commissions.

Calculating Interest

Students will learn to calculate interest.

Calculating Principal

Students will learn to calculate principal, interest, rates, and time.

Calculating Percent of an Increase

Students will learn about the percent of an increase.

Understanding Interest

Students will learn to understand interest, rate, and principal.

Airfare Costs and Discounts

Use fractions to calculate discounts.

Cost Comparison and Unit Cost

Make cost comparisons using unit cost.

Discounts and Dividing by Rational Numbers

Learn to figure out discounts.

Discounts and Scalar Multiplication

Learn to use discounts with scalar multiplication.

Stock Market and Rational Numbers

Learn about rational numbers and the stock market.

Identifying a Percent of Increase or Decrease of Price

Learn to identify percent of increases and percent of decreases.

Percent of Decrease

Learn to find the percent of decrease.

Percent of Increase

Learn to find the percent of an increase.

Percent of Increase with Rounding

Learn to find the percent of an increase with rounding.

Sales Tax and Fractional Percents

Learn about sales tax.

Evaluating Expressions Involving Money

Learn to evaluate expressions involving money.

Figuring Costs Using Fractions

Learn to use fractions to figure out costs.

Multiplying Decimals and Calculating Costs

Learn to multiply decimals to calculate costs.

Writing Expressions Involving Money Amounts

Learn to write expressions using money amounts.

Writing Expressions with Different Money Amounts

Learn to write and evaluate expressions that have different money amounts.

Money Expressions with Two Operations

Learn to solve money problems with two or more operations.

Calculating Down Payments as a Fraction

Learn to calculate down payments using fractions.

Calculating Down Payments as a Percentage

Learn to calculate down payments using a percentage.

Word Problems with Down Payments

Students will begin to understand the topic of down payments.

ADDITIONAL SINGLE PAGE MONEY MATH SHEETS

Sale price - Calculate the price of one item   - answers

Rounding Money - Decimals

Some of these pages require Adobe PDF viewer for viewing, which may be downloaded for free. See our money worksheets page for more information.

Advanced Money Math: Consumer Math

PLEASE SEE THE FOLLOWING MONEY CATEGORIES FOR MORE ADVANCED MONEY MATH MATERIAL

Earning and Spending

Consumer Math - Earning and Spending Money

Worksheets focused on consumer math, earning and spending money skills. Students practice their spending money math skills by using these worksheets and lessons.  Spending money is an interesting topic to use while reinforcing students' basic math skills including addition, subtraction, multiplication, and other skills such as reading comprehension.

Checks, Checking, Checkbook Lessons and Worksheets

Checkbook Math - Practice checkbook math skills.

Learn how to write a check, make checking account deposits and withdrawals, and manage and balance your checkbook with your monthly bank checking account statement.  Worksheets, lessons, and exercises are appropriate for both students involved in learning the basics about checking, as well as those looking to practice basic math (addition and subtraction) and problem solving skills.

Budgeting - Budgeting worksheets and lessons.

Use these printable budget worksheets and budgeting lessons to teach real life basic budget concepts, an important fundamental money math skill.  Budget lesson plans and worksheets for teaching budgeting math and consumer math skills.

SAVING AND INVESTING MONEY

Saving and Investing Money - Investing

Lessons and worksheets for teaching and understanding basic investing and financial concepts. Personal finance, Money management, Investment education resources.

Back to more Lesson Categories

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Money Printable Worksheets Hub Page

Welcome to our Money Printable Worksheets page.

Here you will find a wide range of free printable Money Worksheets, which will help your child become more confident counting, adding and subtracting money.

Check out our Counting money worksheets or have some fun with our printable money riddles or Money games.

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Here are the instructions how to enable JavaScript in your web browser .

  • This page contains links to other Math webpages where you will find a range of activities and resources.
  • If you can't find what you are looking for, try searching the site using the Google search box at the top of each page.

Money Printable Worksheets

Money resources.

Here you will find our range of money resources. The resources below cater for both US and UK coinage.

Quicklinks to ...

  • Money Games
  • Counting Money Worksheets
  • Riddles & Challenges
  • Adding & Subtracting Money
  • Money Percentages
  • Money Worksheets for other countries
  • UK Money Worksheets
  • Canadian Money Worksheets
  • Australian Money Worksheets
  • Randomly Generated Money Worksheets
  • Printable Money Flashcards

Using flashcards is a great way to learn to count money in a fun and easy way.

The flashcards come complete with answers which can either be printed on the reverse of the flashcards, or they can be printed as a separate sheet for use in games like pairs.

Money Dominoes

These printable money dominoes are a great way to get kids to learn to count money in a motivating way.

The dominoes can be played or used by a single player, or they can be made into a multi-player game.

  • Kids Counting Money Dominoes
  • Counting Money Games

Here is our collection of counting money games for kids.

All of these games are suitable for kids aged from 1st grade and upwards.

Playing games is a great way to practice math skills in a fun way. Games also help to develop reasoning, thinking and memory.

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  • Money Worksheets

Here you will find our range of money worksheets, from first grade and upwards.

There is a choice of randomly generated worksheets for you to create or ready-made graded money worksheets.

Kindergarten Money Worksheets - Recognising coins

These kindergarten worksheets are all about recognising and counting coins: pennies, nickels, dimes and quarters.

The sheets involve recognising both faces of each coin.

  • Kindergarten Money Worksheets

1st Grade Counting Money Worksheets

Here you will find a range of Counting Money Printable Worksheets.

Using these sheets will help your child to:

  • recognise and know the values of the US coins;
  • add up dimes, nickels and pennies in cents.

All the free 1st Grade Math Worksheets in this section are informed by the Elementary Math Benchmarks for First Grade.

  • Free Math Money Worksheets - Counting same value coins
  • Counting Money Worksheets - Counting different coins
  • Money Word Problems for First Grade
  • Canadian Money Worksheets 1st Grade

1st Grade Money Riddles

Using puzzles is a great way to get children to learn about money in a fun and interesting way, and apply their counting money knowledge.

Using these 1st Grade money riddles will help your child to develop their money skills and their problem solving skills at the same time.

There are a range of sheets suitable for a range of abilities within 1st grade.

  • Money Math Worksheets - 1st Grade Money Riddles

2nd Grade Counting Money Worksheets

Here you will find a selection of First Grade Counting Money printable worksheets designed to help your child count different amounts of money using coins of the same value.

Using these sheets will help your child to:-

  • count by a range of coins up to $1;
  • add up quarters, dimes, nickels and pennies.

All the free Math Money worksheets in this section are support Elementary Math Benchmarks.

  • Money Worksheets for Kids to $1
  • Counting Quarters Worksheets
  • Money Worksheets Canada 2nd Grade

Counting Money Worksheets at 2nd Grade Math Salamanders

In this section you will find our counting money worksheets which will help your child count money amounts up to $10.

Using the sheets in this section will help your child to:

  • count out money amounts in $ and ¢;
  • use $ notation to write down money amounts;
  • compare different amounts of money.

All the sheets in this section will help your child to become more confident with counting money.

  • Counting Money Worksheets up to $1
  • Counting Money Worksheets up to $2
  • Counting Money Worksheets to $10

Money Riddles & Challenges

The main difference between our money riddles and money challenges is that the challenges are generally more difficult to solve and will take longer to solve.

The puzzles are a great money starter activity to get children thinking and puzzling out which the correct answer is out of a set number of choices. They are great for partner work too.

Money Riddles at 2nd Grade Math Salamanders

Using puzzles is a great way to get children to learn about money in a fun and interesting way.

Using these money riddles will help your child to develop their money skills and their problem solving skills at the same time.

There are a range of sheets suitable for a range of abilities.

  • Money Math Worksheets - Money Riddles

Money Challenges at 2nd Grade Math Salamanders

In our Money Challenge section you will find a lot of printable money challenges that you can use with your child.

Once children have mastered the basics of counting money amounts and know their coins, they are ready for a higher level of challenge.

The Money Challenges will help your child consolidate their money learning so far, and extend it further with some open-ended challenges.

Using these challenges will help your child to:

  • apply their existing skills to solve problems;
  • develop their problem solving and thinking skills.

Using these sheets will help to extend your child's math learning.

  • Free Printable Money Worksheets - Challenges

More Money Challenges

On this webpage, you will find our 3rd and 4th Grade Money Challenges.

These challenges involve solving money problems and are a great way for kids to develop their reasoning skills and practice their counting money at the same time.

  • 3rd Grade Money Challenges
  • 4th Grade Money Challenges

Adding & Subtracting Money Worksheets

Here is our collection of adding and subtracting money worksheets for kids.

The following worksheets involve children adding and subtracting a range of money amounts.

Money Worksheets (randomly generated)

Here you will find our random generator to create your very own money worksheets.

You can choose what value you wish go up to, and whether you want to add or subtract money amounts.

You can choose the number of questions you would like, and what currency symbol you want to use.

The Money Worksheet generator below will create horizontal money problems with a wide range of choice of money values.

This generator will create money addition worksheets set out in columns.

  • Adding Money Worksheets

This generator will create money subtraction worksheets set out in columns.

  • Subtracting Money Worksheets

This money worksheet generator below will create a range of money problems in columns to add and subtract in a range of currencies.

  • Adding and Subtracting Money Worksheets

Money Column Addition Worksheets

Here you will find a selection of Column Addition Money sheets designed to help your child add different amounts of money.

  • add up a range of money amounts involving decimals.
  • Money Addition Worksheets ($)
  • Money Addition Worksheets (£ )

Money Column Subtraction Worksheets

Here you will find a selection of Column Subtraction Money sheets designed to help your child subtract different amounts of money.

  • subtract a range of money amounts involving decimals.
  • Money Subtraction Worksheets ($)
  • Money Subtraction Worksheets UK (£ )

Money Multiplication & Division Worksheets

  • Money Multiplication Worksheets Generator
  • Long Division with Money (randomly generated)

Percentage of Money Amounts

Often when we are studying percentages, we look at them in the context of money.

The sheets on this page are all about finding percentages of different amounts of money.

  • Money Percentage Worksheets

Money Worksheets for Other Countries

As well as the US, we have a range of counting money worksheets for the UK, Australia and Canada.

The sheets all follow a similar format with answers provided.

Australian Money Worksheets Measures Salamander Tyger

  • Australian Money Worksheets (easier)
  • Money Worksheets Australia (intermediate)
  • Money Worksheets Australian (harder)

Canadian Money Worksheets Measures Salamander Tyger

  • Canadian Money Worksheets 1st grade

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Photomath: earn $300 a week solving math problems online.

  • Jared dela Cruz

An image that features a young Indian man with glasses, using his laptop and surrounded by items indicative of him solving many math problems, such as a calculator, papers, crumpled scraps, and pens, used as the featured image for the blog post titled “Photomath: Earn $300 a Week by Solving Math Problems Online” on phmillennia.com

Hey math aficionado! Ever thought your number-crunching skills could be a goldmine? Dive into the world of Photomath, where every equation you tackle translates to earnings. From simple arithmetic to complex calculus, there’s potential to earn at every turn. Imagine an extra $300 in your pocket every week!

For those already familiar with Photomath, you’re ahead of the curve. But if you’re just hearing about it, stick around. This is a review to help you understand what Photomath is all about, how it operates, and most importantly, how it can be a source of income for you. Ready to turn your math skills into a rewarding venture? Let’s get started!

What is Photomath?

A screenshot from the website of Photomath, where you can earn $300 a week by solving math problems online

Photomath is a revolutionary math app that’s changing the game. Just aim your phone’s camera at any math problem, click, and there you have it! The app swiftly deciphers the problem and lays out a clear, step-by-step solution. It’s versatile, handling everything from textbook equations to those scribbled notes you jotted down. And it’s not just about getting to the answer—it offers multiple solution paths and even visualizes certain problems with handy graphs.

But here’s where it gets even more exciting: Beyond being a learning aid, Photomath opens up a world of earning opportunities. It’s like a marketplace for math enthusiasts.

You can step in as a math mentor, guiding users through their challenges. Every problem you solve is a chance to earn. With dedication and expertise, you could be pocketing up to $300 a week.

It’s not just about flexing your math muscles—it’s about getting rewarded for it. And the beauty of it? You’re in control, choosing when and where to work, all on a platform that values and rewards your expertise.

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Is Photomath Legit?

Absolutely, Photomath stands out as a trusted math app with a global footprint. With a user base of over 220 million, it’s clear that it’s a favorite among students, teachers, and parents alike. They rely on it for everything from tackling textbook problems to deciphering handwritten notes. The app’s efficiency is evident in its ability to provide clear, step-by-step solutions, often showcasing multiple ways to solve a problem.

The reviews speak volumes. On Google Play, it has a commendable 4.7-star rating from over 2.4 million users, and on the App Store, it shines with a 4.8-star rating. These numbers reflect the trust and satisfaction users have with Photomath.

But there’s more to Photomath than just solving problems. It’s also a platform where math enthusiasts can earn. As a solver, you’re not just sharing your expertise—you’re getting compensated for it. With the potential to earn up to $300 a week, it’s evident that Photomath values and rewards its community.

In conclusion, Photomath is undoubtedly legitimate. Its vast user base, combined with stellar reviews, solidifies its reputation as a reliable platform for both learning and earning.

Why Would Photomath Pay Me To Solve Math Problems?

Photomath is a tech marvel, using AI to scan and solve math problems in a snap. But here’s the thing: even the best AI has its limits. Some math problems, especially word problems, need a human touch. They require understanding the context and forming equations, which AI might find tricky.

That’s where Photomath’s in-house math team steps in. They’re always working to make the app better, adding new features and ways to learn. But even they need some help sometimes.

Photomath is on the lookout for Math Experts to dive into a range of math problems, breaking them down step-by-step. Your role? Super important. You help keep the app’s answers spot on. And the best part? You get paid for it, based on the problems you tackle and review. So, you’re not just solving—you’re also checking others’ solutions.

Thinking of joining the ranks as a Math Expert? Keep reading to see how you can be a part of Photomath’s mission.

By stepping up as a Math Expert, you’re not just boosting Photomath’s game. You’re helping students, teachers, and parents all over get better at math. It’s your chance to use your skills, earn some cash, and make a real difference in the world of math education.

Who can apply as a Math Expert?

A screenshot from the website of Photomath, where you can earn $300 a week by solving math problems online

Thinking of joining Photomath as a Math Expert? Here’s what you need: a rock-solid grasp of basic to advanced math topics like algebra, geometry, calculus, and statistics, and a good command of English, especially when it comes to math lingo.

The cool thing? Photomath is all about inclusivity. Whether you’re a student, teacher, or just someone who loves math, you’re welcome to apply. They’re building a global team of Math Experts, bringing together diverse minds from all over to help users from different backgrounds.

Being a Math Expert isn’t just a title—it’s being part of a mission. You’ll be diving deep into math problems, sharing your expertise, and making a real difference in how students learn.

What do I do as a Photomath Expert?

Being a Math Expert at Photomath is a pretty cool gig, but it comes with some important tasks. Here’s what you’ll be up to:

  • Mastering the Methods: Before diving in, you’ll need to get familiar with how Photomath tackles problems. This means understanding the methods and techniques the platform already uses. It’s like getting the playbook so you’re on the same page with how things are done.
  • Tackling Math Problems: This is your main event. Users will send over their math challenges, from the basics all the way to the tough stuff like calculus. Your job? Break it down and give them clear, step-by-step solutions in English. Think of it as guiding them through the math maze.
  • Keeping an Eye on Quality: But it’s not just about solving. You’ll also be checking out solutions that others have come up with, or that the AI has generated. It’s a bit of quality control to make sure everything is clear, accurate, and up to Photomath’s standards.

In a nutshell, your role is all about ensuring top-notch math solutions on the platform. With your expertise in play, students, teachers, and parents around the world get clearer, better guidance on their math journey.

How much can I earn as a Math Expert?

Diving into Photomath as a Math Expert? Here’s the exciting part: the earnings! You could pocket over $300 a week, but it all depends on the problems you tackle.

Here’s how it works:

  • Pay Per Problem: Photomath has a system where each math problem you solve or check has a price tag. Simple problems might fetch you around $0.65, but the trickier ones? They can go up to $3 a pop. And if there’s a graph or visual involved, there’s a bonus in it for you.
  • Getting Paid: Every week, like clockwork, you’ll see your earnings. Photomath uses Payoneer for all transactions, making sure your hard-earned cash reaches you safely and smoothly.

Remember, your earnings will vary. It’s all about the number and type of problems you solve, the time you put in, and, of course, the challenge level. But with dedication and your math prowess, not only can you sharpen your skills, but you can also add a nice chunk to your wallet.

Why should I apply as a Photomath Expert?

A screenshot from the website of Photomath, where you can earn $300 a week by solving math problems online

Thinking of jumping on board as a Math Expert with Photomath? Here’s why it’s a fantastic idea:

  • For the Love of Math: If numbers and equations make your heart race, this is your playground. Dive deep into math problems and share your passion with the world.
  • Make a Difference: Your solutions won’t just vanish into the ether. They’ll be guiding students, teachers, and parents globally, making their math journey a tad easier.
  • Inspire Others: With every clear solution you provide, you’re lighting up someone’s math path. It’s about turning math from a challenge into a joy for many.
  • Earn On the Side: Who said you can’t mix passion with profit? Solve, review, and watch your earnings grow. It’s about getting rewarded for doing what you love.
  • Work Your Way: No 9-to-5 here. You decide when and where you work. Whether it’s your cozy bedroom or a bustling cafe, you’re in control.

In short, being a Math Expert on Photomath is more than just a title. It’s about passion, impact, and rewards. If you’re all about math and making a difference, this is your stage.

How do I become a Math Expert?

Thinking of rocking the Math Expert title with Photomath? Here’s your step-by-step guide:

  • Hop On Board: Start by heading to the Photomath website or downloading the app. You can sign up using your Google or Facebook account. A few quick details, and you’re all set.
  • Choose Your Math Zone: You’ve got options! Whether it’s elementary math, algebra, or even the deep waters of calculus, pick where you shine. And a cool thing to note: if you go for the higher-level stuff, you’re automatically qualified for the simpler topics. So, if you’re diving into calculus, you’re also good for algebra and elementary math.
  • Test Time: Before diving in, there’s a proficiency test based on your chosen field. It’s Photomath’s way of ensuring you’ve got the skills to match your enthusiasm.
  • Training Wheels: Once you’ve aced the test, there’s a training phase. Here, you’ll get familiar with Photomath’s approach, tools, and the nitty-gritty of solving and reviewing problems.
  • Final Showdown: Post-training, there’s one more test. It covers everything you’ve learned. Pass this, and you’re almost there.
  • Welcome to the Club: Done and dusted? Congrats! You’re now a certified Math Expert with Photomath. And to sweeten the deal, they even toss in a bonus for your hard work. Now, the world of math problems awaits, and with each one, there’s a chance to earn.

So, if you’re all about blending your love for math with some earnings on the side, Photomath’s Math Expert role is your ticket. Dive in, show your skills, and be part of a community that’s making math fun and rewarding.

Is Photomath Worth It?

Diving into the world of math apps, you might be wondering: “Is Photomath really worth the hype?” Let’s break it down:

  • Learning Made Easy: Photomath isn’t just about giving answers. It’s about understanding the journey to that answer. With step-by-step solutions, it’s like having a math tutor right in your pocket.
  • Earn While You Learn: Beyond being a stellar learning tool, Photomath offers a unique twist: the chance to earn. If you’ve got the math chops, you can help others on their math journey and get paid for it. It’s a win-win!
  • Flexibility at Its Best: Whether you’re a student trying to grasp a tricky concept at 2 AM or a math enthusiast looking to earn in your free time, Photomath fits into your schedule. No strict timings, no rigid rules.
  • A Global Community: Joining Photomath means you’re part of a worldwide community. You’re not just solving problems; you’re making math accessible and fun for people across the globe.
  • Trustworthy and Reliable: With rave reviews and a massive user base, Photomath has proven its worth in the educational tech space. It’s not just another app; it’s a revolution in how we approach math.

In a nutshell? If you’re passionate about math, whether for learning or earning (or both!), Photomath is more than worth a shot. It’s a platform that values your skills, offers flexibility, and lets you be part of a bigger mission: making math enjoyable for everyone.

Final Thoughts

Alright, let’s wrap this up! Photomath isn’t just another app you’ll forget about in a week. It’s where your math skills can literally pay off. Think about it: up to $300 extra in your pocket every week just for solving math problems? That’s a sweet deal!

For those brushing up on their math, it’s a lifesaver. For the math whizzes out there, it’s like your favorite hobby just started paying you. And hey, who wouldn’t want some extra cash for doing something they enjoy?

So, whether you’re in it for the learning, the earning, or a bit of both, Photomath is worth a shot. Dive in, have fun, and let’s see those math skills shine!

Looking for a reliable way to make money online? Start a blog and earn a fulltime income !

Hey there, math enthusiast! Enjoyed our deep dive into Photomath? If you’re thinking about other exciting online ventures, let me introduce you to the world of blogging. It’s not just about sharing tech reviews or cricket highlights; it’s a genuine way to earn a solid income.

Never blogged before? No worries! I’ve crafted a guide especially for beginners like you. It’s filled with insights, tools, and step-by-step instructions to get you started. Whether you’re keen on discussing the latest tech trends, sharing insights on the stock market, or even diving deeper into advanced math topics, there’s an audience waiting.

Blogging is more than just a hobby; it’s a platform where your voice can reach thousands, even millions. And the best part? You can earn from it. So, if you’re ready to explore this avenue and turn your passion into profit, dive into my guide.

Discover the potential of blogging and how it can complement your math skills. Ready to kickstart this journey? Click the button below, and let’s set the ball rolling!

math problems to solve for money

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What’s cookin’, good lookin’?

I’m  Jared   dela Cruz,  founding father daddy of phmillennia & five-time winner of  Witch Weekly ‘s Most Charming Smile Award. I’m a wizard. I used to study at Hogwarts, but I dropped out. Actually, I was expelled. Got accused of practicing the tickling charm on Thaddeus Thurkell’s seven squib sons & running an underground market of dangerous potions. Only one of those was true.

So now I’m a writer. Or at least I think I am.

But hey , thank you for being here. For supporting my work. For supporting me. You are noble. You are kind. You are beautiful. And you – why, you are my beacon of light, love, & laughter! You make me feel …  beloved . And I hope, one day, I can show you how much you mean to me. If you have money, won’t you give me some, too?

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For Teachers

Home » Teachers

Money Word Problems Worksheets

Here are our favorite money word problem worksheets to help you teach your students how to solve real-life financial problems.

teaching-money-math

As a teacher or homeschooler, you know how important word problems are to increasing student knowledge. They combine money math with reading comprehension, providing an ideal way for students to practice their money skills. Let’s dive right into the best money word problems worksheets! 

Money Word Problems For Elementary Students

These worksheets are ideal for introducing and reviewing money concepts with your little learners through word problems.

  • Addition and Subtraction Money Word Problems: This worksheet sets up straightforward money math problems, requiring students to perform addition and subtraction to solve. ( 2 nd -5 th Grade)
  • Multiplication and Division Money Word Problems: In this worksheet , students multiply and divide money-related problems. They learn how to approach realistic situations where they may spend money. ( 3 rd -5 th Grade)
  • Mixed Operation Money Word Problems: This worksheet has students deciding which operations to use, planning solutions, and solving money problems.  ( 2 nd -5 th Grade)
  • Addition and Subtraction With Extra Facts: Word problems often introduce unnecessary details to throw off students, and that is precisely what this worksheet does. ( 3 rd -5 th Grade)
  • Multiplication and Division With Extra Facts: This worksheet has kids sift through a money-based scenario, deciding which numbers they need to multiply or divide – and which ones to avoid. ( 3 rd -5 th Grade)
  • Money Word Problems: This worksheet has multiple operations in play, making students decide what to do with the numbers and figures while learning about real-life money situations. ( 4 th Grade)
  • Making Change at the Toy Store: In this worksheet , students must determine how much change customers would receive at the toy shop. They use both addition and subtraction. ( 2 nd Grade)
  • Money Math Word Problems: This worksheet puts kids’ decimal and multi-digit number knowledge to the test. They have to solve six problems about money management. ( 2 nd Grade)
  • Money Word Problem: This worksheet lets students see different money scenarios and solve them using various operations, giving them realistic practice. ( 3 rd -5 th Grade)
  • U.S. Money Word Problems Adding Two Items: Students complete addition using money situations in this worksheet . Teachers can customize and choose to add extra information to challenge students. ( 1 st -4 th Grade)
  • Math Money Word Problems: This worksheet contains several word problems revolving around money and calculating cash scenarios. ( 3 rd Grade)
  • Money Math Word Problems: This worksheet has kids solving one and two-step equations, using their comprehension skills and money math abilities to find the answers. ( 2 nd -3 rd Grade)
  • Picnic Prices: This worksheet is fun for little ones, requiring them to buy food from ants at a picnic. They learn to decipher word problems and choose operations to solve. ( 2 nd -3 rd Grade)
  • Money: Total Value & Word Problems: In these worksheets , students review coin and bill value and then apply that knowledge to solve word problems. ( K-3 rd Grade)
  • Money Word Problems-Basic: This worksheet gives kids confidence in solving money math word problems, using addition and comparing values. ( 1 st -2 nd Grade)

Money Word Problems for Upper Elementary and Middle School Students

These word problem worksheets will challenge your students, showing them how all those advanced concepts they learn can apply to real life – and money.

  • Area and Perimeter Worksheet Including Problem Solving and Money: This worksheet combines math with money, and kids need to solve practical geometry problems with money calculations. ( 3 rd -6 th Grade)
  • Math Word Problem: Money: This straightforward worksheet provides a lengthy word problem for your students to solve step by step. ( 4 th -6 th Grade)
  • Final Price, Change, and Cost: These worksheets require students to solve money word problems using division and multiplication of decimals and other more advanced operations. ( 5 th -8 th Grade)
  • Money Word Problems: This set of worksheets provides kids a place to add, subtract, multiply, and divide decimals in real-life money situations. ( 4 th -6 th Grade)
  • Algebra Word Problems With Money: If you include algebra in your instruction, you will appreciate this worksheet . It combines algebraic reasoning with money word problems to show students how it affects real life. ( 6 th -9 th Grade)
  • Budgeting and Money Management: This worksheet presents word problems about crucial financial topics, including budgeting and money management. ( 6 th -8 th Grade )

Want more resources? Head to our money math for teachers center!

math problems to solve for money

There are also bills for different dollar amounts. The first four bills are…

For example,

Solving in cents \textbf{(¢)} :

Jesse has 4 pennies, 3 nickels and 2 dimes. How many cents does Jesse have in total?

4 pennies = 4¢

3 nickels = 15¢

2 dimes = 20¢

So Jesse has 39¢.

Solving in dollars \bf{(\$)} :

A pair of shoes costs \$22.45. Joe buys 3 pairs of them, how much will the 3 pairs cost?

= 66 wholes, 12 tenths, and 15 hundredths.

The 3 pairs cost \$67.35.

What are money word problems?

Common Core State Standards

How does this relate to 2nd grade math and 5th grade math?

  • Grade 2 – Measurement and Data (2.MD.C.8) Solve word problems involving dollar bills, quarters, dimes, nickels, and pennies, using \$ and ¢ symbols appropriately. Example: If you have 2 dimes and 3 pennies, how many cents do you have?
  • Grade 5 – Numbers and Operations in Base 10 (5.NBT.B.7) Add, subtract, multiply, and divide decimals to hundredths, using concrete models or drawings and strategies based on place value, properties of operations, and/or the relationship between addition and subtraction; relate the strategy to a written method and explain the reasoning used.

How to solve money word problems

In order to solve money word problems in cents:

Recall the value of each coin.

Find the total for each type of coin.

Add all total coin values.

Write a sentence answering the money word problem question.

In order to solve money word problems in dollars:

Read the question carefully and decide which operation(s) to use.

Use what you know about decimals to solve.

[FREE] Arithmetic Check for Understanding Quiz (Grade 4 to 6)

[FREE] Arithmetic Check for Understanding Quiz (Grade 4 to 6)

Use this quiz to check your grade 4 to 6 students’ understanding of arithmetic. 10+ questions with answers covering a range of 4th, 5th and 6th grade arithmetic topics to identify areas of strength and support!

Money word problems examples

Example 1: whole number word problem – adding coins.

Mark has 12 pennies and 5 nickels. How many cents does he have?

Each penny is 1¢. Each nickel is 5¢.

2 Find the total for each type of coin.

12 pennies = 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 = 12¢

5 nickels = 5 + 5 + 5 + 5 + 5 = 25¢

3 Add all total coin values.

4 Write a sentence answering the money word problem question.

Mark has 37¢.

Example 2: whole number word problem – adding coins

A pencil costs 3 dimes and 2 quarters. How many cents does the fancy pencil cost?

Each dime is 10¢. Each quarter is 25¢.

3 dimes = 10 + 10 + 10 = 30¢

2 quarters = 25 + 25 = 50¢

A fancy pencil costs 80¢.

Example 3: whole number word problem – subtracting coins

Kia has 3 quarters. A piece of gum costs 6 nickels. If Kia buys one piece of gum, how many cents will she have left?

Each nickel is 5¢. Each quarter is 25¢.

6 nickels = 5 + 5 + 5 + 5 + 5 + 5 = 30¢

3 quarters = 25 + 25 + 25 = 75¢

Kia will have 45¢ after buying one piece of gum.

Example 4: decimal word problem – one step addition

Hank buys a bottle of water for \$1.95 and a sandwich for \$4.56. How much did he pay in total?

You need to add to find the total of the water and the sandwich together.

One way to solve with decimals is to use what you know about fraction addition.

1.95=1 \cfrac{95}{100} \quad and \quad 4.56=4 \cfrac{56}{100}

\begin{aligned} & 1 \cfrac{95}{100}+4 \cfrac{56}{100} \\\\ & = 5+\cfrac{151}{100} \\\\ & = 5+\cfrac{100}{100}+\cfrac{51}{100} \\\\ & = 5+1+\cfrac{51}{100} \\\\ & = 6 \cfrac{51}{100} \\\\ & = 6.51 \end{aligned}

Hank paid \$6.51 for the bottle of water and sandwich.

Example 5: decimal word problem – one step division

Two boxes of markers cost \$8.28. If each box costs the same, how much does one box of markers cost?

You need to take the total cost and divide it between the two boxes.

One way to solve with decimals is by breaking up the decimal into each place value.

8.28 \div 2=(8+0.2+0.08) \div 2=

Money Word Problems example 5 image 1

0.2 \div 2=0.1

Money Word Problems example 5 image 3

0.08 \div 2=0.04

Add the partial quotients:

4 + 0.1 + 0.04 = 4.14

Each box of markers cost \$4.14.

Example 6: decimal word problem – one step multiplication

Sara is saving to buy a science kit. She saves \$11.25 each week. How much money will she have saved after 5 weeks?

You need to multiply since she saved the same amount each week.

One way to solve with decimals is by breaking up the decimal into friendly numbers.

11.25 \times 5=(11+0.25) \times 5=

11 \times 5=55

Money Word Problems example 6

Add the partial products:

55 + 1.25 = 56.25

After 5 weeks, Sara will have saved \$56.25.

Teaching tips for money word problems

  • When first introducing 2nd graders to the money system, give them plenty of opportunities to use real life coins. This will help them memorize the value of each coin and also encourage solving by skip counting.
  • Give 2nd graders experiences representing the same amount of money in different ways. For example, ask them, “How many different ways can you show 45 cents with coins?” This gives students practice memorizing the coin values and also encourages them to look for patterns.
  • Solving money word problems can be difficult for students who have a lower reading comprehension. Provide visuals or phonics support to any student who may need it, so that their reading comprehension is not a barrier for this skill.
  • Math worksheets, including money word problem worksheets, can be a good way for students to practice, but they should not be the only way that students learn this skill. Set up real-world scenarios in the classroom that involve solving with money, such as budgeting, to give students real life experiences connected to this skill.
  • While you may introduce them separately, at some point it is necessary to combine practice with subtraction word problems and addition word problems so that students can practice figuring out which operation to use.

Easy mistakes to make

Money Word Problems image 9

  • Use two decimals places to record money in dollars Always use two decimal places when writing the final amount of money in dollars. For example, if your answer is 3.4, write it as \$3.40, using two decimal places to represent all the money positions.

Money Word Problems image 10

Related lessons on arithmetic

  • Calculator skills
  • Skip counting
  • Number sense
  • Solving multi-step word problems

Practice money word problems questions

1. There are 3 dimes, 6 pennies and 4 nickels. How many cents are there?

GCSE Quiz False

Each penny is 1¢. Each nickel is 5¢. Each dime is 10¢.

6 pennies = 1 + 1 + 1 + 1 + 1 + 1 = 6¢

4 nickels = 5 + 5 + 5 + 5 = 20¢

There is 56¢.

2. A bag of chips costs 75¢. Mark has 3 quarters and 17 pennies. If he buys a bag of chips, how many cents will he have left?

Each penny is 1¢. Each nickel is 25¢.

17 pennies = 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 = 17¢

Subtract to find the cents he will have left.

Mark will have 17¢ left.

3. Maryam has 5 dimes and 3 pennies. Then she finds 2 nickels. How many cents does Maryam have now?

3 pennies = 1 + 1 + 1 = 3¢

2 nickels = 5 + 5 = 10¢

5 dimes = 10 + 10 + 10 + 10 + 10 = 50¢

Maryam now has 63¢.

4. Daniel buys a new pair of headphones for \$34.99. If he pays the cashier \$50, how much change will Daniel get back?

You need to subtract to find the difference between the money he gave the cashier and the cost of the headphones.

One way to solve with decimals is to use a number line.

Money Word Problems practice question 4

From 35 to 34.99 is subtracting 0.01 more, so 50-34.99 = 15.01.

Daniel will get \$15.01 back.

5. A website charges \$9.99 a month to watch tv shows and movies. How much will 4 months cost?

You need to multiply to find the total price since each month is the same price.

One way to solve with decimals is by breaking up the decimal into place values.

Money Word Problems practice question 5 image 1

Then combine each place value.

Whole numbers: 36 + 3 = 39

Tenths: 0.6 + 0.3 = 0.9

Hundredths: 0.06

Four months will cost \$39.96.

6. Maria had \$13.45 saved and then she was given \$23.50 on her birthday. How much money does she have now?

You need to combine the money she has saved and the money she was given, so add the numbers.

13.45=13 \cfrac{45}{100} \quad and \quad 23.50=23 \cfrac{50}{100}

Maria has \$36.95 now.

Money word problems FAQs

In 5th grade, students operate with decimals using their own strategies based on place value understanding and the connection to whole number and fraction operations. 6th grade is when students learn the standard algorithm for decimal operations.

Because coins have the value of 1, 5, 10, and 25, learning to operate with the coins builds student understanding of not only the operations but of patterns in our Base 10 system. When students begin to solve in dollars, they deepen their understanding of operating with decimals.

Learning how to use the money system is an important life skill. As students get older they will encounter situations like calculating the total of a bill or making change, so it is important that they have classroom experiences that promote the understanding of our money system.

The next lessons are

  • Properties of equality
  • Addition and subtraction
  • Multiplication and division
  • Time word problems

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  • 5th Grade Math

Grade 5 money math worksheets: Word problems with solutions

Hi there! Are you ready to ace your 5 th grader's money skills? Worry less! This article provides fun and engaging Grade 5 money math worksheets and exciting word problems with solutions . Also, in this article, you will find the simplest ways to explain:

How to master money word problems in 5 easy steps!

  • Fun and engaging 5th-grade worksheets to practice money skills

Adding and subtracting money word problems

  • Multiplying and dividing money word problems

How to calculate sales tax and discounts

  • Tips and tricks to solve any money word problem
  • Real-life examples of money word problems and how to solve them
  • Bonus: additional grade 5 money math worksheets to boost 5 th graders' confidence and knowledge

Conclusion: applying money math skills to real-life situations

Grade 5 money math worksheets: the ultimate guide to saving and spending.

Help your 5 th graders find an ultimate guide to saving and spending with the help of these fantastic Grade 5 money math worksheets from selected Mathskills4kids.com .

These engaging 5th-grade money worksheets from Mathskills4kids consist of simple exercises for practicing money skills, such as adding and subtracting money, multiplying and dividing money, calculating sales tax and discounts, and more.

In this article, we'll also show 5th graders how to solve money word problems in 5 easy steps. Plus, we'll share some tips and tricks to solve any money word problem and real-life examples of money word problems.

And as a bonus, we'll give you access to some additional grade 5 money math worksheets that will take your 5th grader's money math skills to the next level!

Ready to get started? Let's dive in!

BROWSE THE WEBSITE

Download free worksheets, 5th grade math topics.

  • Number sense
  • Addition and subtraction

Multiplication

  • Number theory
  • Add & subtract decimals
  • Multiply decimals
  • Divide decimals
  • Fractions & mixed numbers
  • Add & subtract fractions
  • Multiply fractions
  • Divide fractions
  • Mixed operations
  • Problems solving
  • Ratios and rates
  • Percentages
  • Number sequences
  • Coordinate graph
  • Variable expressions
  • Data and Graphs
  • Probability and statistics
  • Telling time
  • Unit of measurements
  • Triangles & quadrilaterals
  • Symmetry & transformations
  • Geometric measurements

Grade 5 money math worksheets: Word problems with solutions - Adding and subtracting money amounts word problems

Start practice on Fifth Grade here

Money word problems can be tricky but don't have to be. Here are 5 easy steps that will help 5 th graders to master money word problems solving skills in no time:

  • Read the problem carefully and identify what is given and what is asked. Look for keywords that indicate the operation needed, such as "total," "change," "spent," "earned," "saved," etc.
  • Write down the given information using the same units of money (dollars or cents). If necessary, convert between units using the rule that 100 cents = 1 dollar.
  • Choose the appropriate operation (addition, subtraction, multiplication, or division) and set up an equation using variables or symbols to represent the unknown quantities.
  • Solve the equation using the order of operations (PEMDAS) and check your answer by plugging it back into the equation.
  • Write your answer in a complete sentence using the correct units of money and label it clearly.

That's it! Following these 5 steps, your 5th grader can confidently and accurately solve any money word problem.

Fun and engaging Grade 5 money math worksheets to practice money skills

Now that you know how to solve money word problems, it's time to practice! We've selected some fun and engaging grade 5 money math worksheets from Mathskills4kids.com that cover various money skills, such as:

  • Adding and subtracting money word problems : These worksheets will help your 5th grader practice adding and subtracting money amounts with decimals and finding the change from a given amount.
  • Multiplying and dividing money word problems : These worksheets will help your 5th grader practice multiplying and dividing money amounts by whole numbers or decimals and finding the unit price or rate of a given item or service.
  • How to calculate sales tax and discounts : These worksheets will help your 5th grader practice calculating sales tax and discounts on purchases and finding the final price or cost of an item or service after applying the tax or discount.
  • Real-life examples of money word problems and how to solve them : These worksheets will present your 5th grader with some realistic scenarios of money word problems that they may encounter in their daily lives, such as shopping, budgeting, saving, investing, etc.

Let's start with adding and subtracting money word problems . These are problems where you will find the total amount of money or the change after buying something. For example, how much money do you spend buying a book for $12.50 and a pencil for $0.75? Or, if you have $20 and buy a sandwich for $4.25, how much money do you have left?

To solve these problems, you must line up the decimal points and add or subtract the numbers as usual. Remember to put the dollar sign and the decimal point in your answer!

Multiplying and dividing money word problems worksheet

Next, we have multiplying and dividing money word problems . These are problems where you will find the product or the quotient of money and a number. For example, if you earn $8 per hour and work 5 hours, how much money do you earn? Or, if you have $50 and want to split it equally among 4 friends, how much money does each friend get?

To solve these problems, you will multiply or divide the numbers as usual, but be careful with the decimal point. Move it two places to the left when multiplying and two places to the right when dividing. Also, remember to put the dollar sign and the decimal point in your answer!

Another important topic is how to calculate sales tax and discounts . Sales tax is a percentage of the price you must pay extra when buying something. For example, how much do you have to pay if you buy a shirt for $15 and the sales tax is 10%?

To find the sales tax amount, multiply the price by the sales tax rate as a decimal (10% = 0.1). Then, add the sales tax amount to the original price to get the total price. In this case, the sales tax amount is $15 x 0.1 = $1.5, and the total price is $15 + $1.5 = $16.5.

Discounts are a percentage of the price you save when buying something on sale. For example, how much do you pay if you buy a pair of shoes for $40 and the discount is 25%?

To find the discount amount, multiply the original price by the discount rate as a decimal (25% = 0.25). Then, subtract the discount amount from the original price to get the sale price. In this case, the discount amount is $40 x 0.25 = $10, and the sale price is $40 - $10 = $30.

10 real-life examples of 5 th Grade money word problems with solutions

Finally, let's look at some real-life examples of 5th Grade money word problems with solutions . These are problems that involve more than one step or operation, requiring careful reading and thinking. For example;

If you go to a movie theater with your friend and buy two tickets for $8 each, a large popcorn for $6, and two drinks for $3 each, how much money do you spend? To solve this problem, add all the costs: 2 x $8 + $6 + 2 x $3 = $28.

Or, if you have a coupon that gives you 20% off on any item at a store, and you buy a jacket that costs $45 before tax, and the sales tax is 8%, how much do you pay? To solve this problem, first find the sale price after applying the coupon: $45 - ($45 x 0.2) = $36. Then, find the sales tax amount: $36 x 0.08 = $2.88. Finally, add the sale price and the sales tax amount: $36 + $2.88 = $38.88.

Real-life situations-money math problems with solutions

Solution: To solve this problem, find out how much more money Anna needs to buy the bike and then divide that by her weekly income. We can use subtraction and division to do this.

$250 - $120 = $130

$130 / $10 = 13

Anna needs 13 more weeks to save enough money for the bike.

Solution: To solve this problem, we need to find out how much money Ben earns and how much he spends for each cup of lemonade, then subtract the cost from the revenue. We can use multiplication and subtraction to do this.

$0.50 x 1 = $0.50 (revenue)

$0.20 x 1 = $0.20 (cost)

$0.50 - $0.20 = $0.30 (profit)

Ben makes 30 cents of profit for each cup of lemonade he sells.

Solution : To solve this problem, we need to find out how much money Charlie's parents will pay and how much Charlie has to pay, and then subtract what he already has from what he needs. We can use division and subtraction to do this.

$60 / 2 = $30 (Charlie's parents' share)

$60 / 2 = $30 (Charlie's share)

$30 - $15 = $15

Charlie needs $15 more to buy the video game.

Solution : To solve this problem, we need to find out how much money Dani will save with the coupon and how much she will pay after applying the discount. We can use multiplication and subtraction to do this.

$12 x 0.20 = $2.40 (discount amount)

$12 - $2.40 = $9.60 (final price)

Dani will pay $9.60 for the book after using the coupon.

To solve this problem, we need to find out how much Ella has in total and how much she will spend on the necklace, then subtract the price from the amount. We can use addition and subtraction to do this.

$10 + $5 + $1 = $16 (total amount)

$18 - $16 = $2 (change amount)

Ella will get back $2 in change if she pays with these bills.

To solve this problem, we will determine how much each type of coin is worth and add up the total. We can use multiplication and addition to do this.

$0.25 x 12 = $3 (quarters)

$0.10 x 15 = $1.50 (dimes)

$0.05 x 18 = $0.90 (nickels)

$0.01 x 20 = $0.20 (pennies)

$3 + $1.50 + $0.90 + $0.20 = $5.60 (total amount)

Frank has $5.60 in his jar of coins.

To solve this problem, we need to find out how many slices each person gets and how much each slice costs, then multiply the cost by the number of slices. We can use division and multiplication to do this.

8 / 3 = 2.67 (slices per person)

$12 / 8 = $1.50 (cost per slice)

$1.50 x 2.67 = $4.01 (cost per person)

Each person should pay $4.01 if they share the pizza equally.

To solve this problem, we need to determine how much money Jack makes per day, week, and month and then add the amounts. We can use multiplication and addition to do this.

$0.25 x 40 = $10 (daily income)

$10 x 7 = $70 (weekly income)

$70 + $5 = $75 (weekly income with bonus)

$75 x 4 = $300 (monthly income)

Jack makes $300 a month.

Solution : To solve this problem, we need to find out how much money Kelly will save with the coupon, how much she will pay before tax, and how much tax she will pay, and then add up the amounts. We can use multiplication and addition to do this.

$40 x 0.15 = $6 (discount amount)

$40 - $6 = $34 (price before tax)

$34 x 0.08 = $2.72 (tax amount)

$34 + $2.72 = $36.72 (final price)

Kelly will pay $36.72 for the jeans after using the coupon and paying the tax.

Solution : To solve this problem, we need to find out how much money Leo will spend on each item and how many items he can buy with his budget, then compare the amounts. We can use multiplication and division to do this.

$12 x 1 = $12 (one pizza)

$15 x 1 = $15 (one cake)

$6 x 1 = $6 (one gallon of ice cream)

$2 x 1 = $2 (one liter of soda)

$100 / $12 = 8.33 (maximum number of pizzas)

$100 / $15 = 6.67 (maximum number of cakes)

$100 / $6 = 16.67 (maximum number of ice creams)

$100 / $2 = 50 (maximum number of sodas)

One possible solution is to buy 8 pizzas, 1 cake, 2 gallons of ice cream, and 10 liters of soda.

$12 x 8 = $96 (cost of pizzas)

$15 x 1 = $15 (cost of cake)

$6 x 2 = $12 (cost of ice cream)

$2 x 10 = $20 (cost of soda)

$96 + $15 + $12 + $20 = $143 (total cost)

However, this solution exceeds Leo's budget by $43, so he needs to reduce some items or find cheaper alternatives.

Another possible solution is to buy 6 pizzas, 1 cake, 1 gallon of ice cream, and 12 liters of soda.

$12 x 6 = $72 (cost of pizzas)

$6 x 1 = $6 (cost of ice cream)

$2 x 12 = $24 (cost of soda)

$72 + $15 + $6 + $24 = $117 (total cost)

This solution is within Leo's budget by $17, so he can either save the money or buy more items if he wants.

There may also be other possible solutions, as long as they are within Leo's budget.

These money math questions are fun, engaging, and challenging. They will help you develop 5 th graders’ math, critical thinking, and financial literacy skills.

Bonus: Additional money math resources to boost 5th graders' confidence and knowledge

If you want to give your 5th grader some extra practice and challenge in money math skills, we can advise you with some excellent websites, games, videos, and worksheets that you can use to supplement your money math lessons.

These resources cover decimals, fractions, percentages, interest, taxes, budgeting, etc. Check them out and see how they can boost your 5th graders' confidence and knowledge in money math!

  • Math Playground : This website has tons of interactive games and activities that teach and practice money math skills. You can find games for different grade levels and topics, such as Decimal Place Value Pirates, Fraction Matcher, Percent Shopping, and Money Word Problems. Your students will love playing these games and learning at the same time! Visit https://www.mathplayground.com/ASB_Dolphin_Dash.html to explore the games.
  • co Academy : This website is a great resource for learning and reviewing money math concepts. You can watch videos to teach your 5th-grade students how to do addition and subtraction with various money amounts. You can also teach them to solve word problems and calculate the merchandise's unit price. Visit https://study.com/academy/topic/5th-grade-math-money.html and teach money math in an exciting way.
  • Math is Fun : This website has a lot of helpful information and examples that help you understand money math topics. You can read about the basics of money, such as coins, bills, currency, exchange rates, and rounding. You can also learn about more advanced topics, such as decimals, fractions, percentages, interest, taxes, budgeting, and saving. Visit https://www.mathsisfun.com/money/index.html to browse the topics.
  • BrainPOP : This website has engaging videos and quizzes that teach you about money math topics. You can watch videos that feature Tim and Moby, two funny characters who explain the topics in a fun and easy way. You can also take quizzes that test your knowledge and give you feedback. Visit https://www.brainpop.com/games/moneymagic/ to watch the video on money.

Thank you for sharing the links of MathSkills4Kids.com with your loved ones. Your choice is greatly appreciated.

Money math skills are essential for 5th graders to learn and master, as they will help them become financially literate and responsible in the future. By practicing money word problems and other money math skills using Mathskills4kids’ worksheets, your 5th grader will be able to apply their knowledge and skills to real-life situations, such as:

  • Planning and managing their finances, such as saving, spending, budgeting, investing, etc.
  • Making intelligent and informed shopping decisions, such as comparing prices, finding the best deals, calculating taxes and discounts, etc.
  • Understanding and using different forms of money, such as cash, checks, debit cards, credit cards, etc.
  • Developing a positive attitude towards money and its value, such as appreciating what they have, being generous and charitable, avoiding debt and fraud, etc.

We hope you enjoyed this article and found it helpful. We encourage you to use our worksheets to help your 5th grader master money word problems and other money math skills.

We invite you to visit mathskills4kids.com for more enriching math worksheets in all Grades. Thank you for reading, and happy teaching!

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  • Counting money

Money Workbook

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3rd Grade Counting Money Worksheets

Money worksheets.

Counting money and making change are practical applications of early math skills. These grade 3 money worksheets give kids practice in counting money (coins and notes), solving  money word problems and  making change .

math problems to solve for money

Sample Grade 3 Counting Money Worksheet

More money worksheets

See all of our money worksheets , from recognizing coins to counting coins and shopping problems.

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Helping with Math

Helping with Math

Note: this page contains legacy resources that are no longer supported. You are free to continue using these materials but we can only support our current worksheets , available as part of our membership offering .

Math Money Word Problems

In this lesson, students will solve math word problems using money, decimals , and fractions . These problems will include all four operations (addition, subtraction , multiplication , and division). Students will solve problems involving multiple steps (for example, students may be asked to first add, then subtract). Lastly, students will solve money problems using simple fractions.

Learning Outcomes

On successful completion of this lesson your child will be able to:

  • Solve money problems using all four operations (addition, subtraction, multiplication, and division)
  • Solve multi-step problems (e.g. first multiply, then subtract)
  • Solve money problems using simple fractions

Work through the warm up section below with your children and then try the worksheet before moving on to the main part of the lesson.

Operations and Key Words in Word Problems

The chart below shows common terms for the 4 operations found in many word problems.

Below are some examples of key words in word problems.

  • Jackson has 250 baseball cards and 175 football cards. How many baseball and football cards does he have  in all ? (Add 250 + 175 = 425 cards).
  • How many more  baseball cards than football cards does Jackson have? (Subtract 250 – 175 = 75 cards).
  • Mrs. Silver has 5  rows  of daisies in her garden. There are 6 daisies in each row. How many  total  daises are in Mrs. Silver’s garden? (Multiply 6 x 5 = 30 daisies).
  • Mrs. Silver also has lilies in her garden. She planted 18 daisies. She has 6  rows  of daisies. How many daisies are in  each row ? (Divide 18 ÷ 6 = 3 daisies in each row)

Money, Decimals, Fraction Connections

The chart below shows you connections between money, decimals, and fractions

Pre-assessment worksheet

Have your children try the assessment worksheet below before starting the main lesson.

  • Word Problems: Money  – Pre-assessment

Main Lesson: Money Word Problems

Below are eight examples of money word problems. Work through these with your children and have them try the word problem worksheets as they go.

Example 1 of 8: Money Word Problem With Addition

Stephanie received {$15.25} for babysitting on Friday night and {$17.75} for babysitting on Saturday night. How much did she make in total?

Help your children add money using real dollars and coins. Encourage them to count dollars and coins left over from change, that is in your wallet, or spare change in the house.  Remind them that when they count money, they are adding and that coins are decimals . Coins are parts of dollars just like decimals are parts of whole numbers .

Example 2 of 8: Money Word Problem With Subtraction

Jessica has {$25.00} to spend in the video game store. She buys a used game for {$15.83}. How much money does she have left over?

Example 3 of 8: Money Word Problem With Multiplication

Sol wants to buy a candy bar for {$0.75}. If he buys {4} candy bars, how much total money will he spend?

  • Step 1: Underline important information and { bracket}  important numbers.
  • Step 2: Ask: What is this question asking me to do? (Determine how much total money will Sol spend?).
  • Step 3: Write a number sentence ($0.75 x 4)
  • Step 4: Count the number of decimal places in 0.75. There are 2 decimal places. The 7 is in the tenths place and the 5 is in the hundredths place.
  • Step 5: Multiply 75 x 4 = 300
  • Step 6: Put the decimal point back into the product.  3.00
  • Step 7: Write the answer.  Sol will have to spend $3.00

Encourage your children to use the partial product method to multiply 75 by 4. Partial product involves multiply the 75 in expanded form (70 x 4)+(5 x 4)=300

Example 4 of 8: Money Word Problem With Division

Rudy received {$24.75} for his birthday. He wants to split the money into groups to save for {three things}: movie tickets; art supplies; music downloads. If he wants the same amount for each activity, how much money will he put into each group?

  • Step 1: Underline operation key terms and {bracket} important numbers.
  • Step 2: Ask: What is this question asking me to do? (How much will Rudy put into each group?).
  • Step 3: Write a number sentence ($24.75 ÷ 3)
  • Step 4: Divide whole dollars first (24 ÷ 3 = 8)
  • Step 5: Divide cents next (0.75 ÷ 3 = 0.25)
  • Step 6: Add dollars and cents. $8 + 0.25 = $8.25
  • Step 7: Write the answer.  Rudy will put $8.25 in each group.

Try this  Word Problems Worksheet  to practice with money word problems that are similar to examples 1 to 4 above.

Remind your children that 0.75 is 3 quarters. Three quarters divided by 3 is one quarter or 0.25.

Example 5 of 8: Multi-step Money Word Problem

Talia is at the mall with her friends. She buys a DVD for {$10.99}. Then she buys a new pair of earrings for {$8.25}. Lastly, she gets her mother a bouquet of flowers for {$9.50}. If she starts with {$50}, how much does she have after she goes shopping?

  • Step 2: Ask: What is this question asking me to do? (How much will Talia have after she goes shopping?).
  • Step 3: First, add the total amount that she spent ($10.99 + $8.25 + $9.50 = $28.74)
  • Step 4: Then, subtract the  total  amount Talia spent from the amount she started with ($50.00 – $28.74 = $21.26)
  • Step 5: Write the answer. Talia spent $21.26

Remind your child that a multi-step problem means that there is more than one step in solving the problem. In this case, first you add, then you subtract.

Example 6 of 8: Multi-step Money Word Problem

Josiah is buying {5} packs of gum that cost {$1.50} each. He wants to share his gum with {two} friends. He asks his friends to pay him for their share. Including Josiah, how much does each person spend on gum?

Try this  Multi-step word problems worksheet  to practice with problems that are similar to examples 5 and 6 above.

Dividing decimals may present a challenge for your child. Also, in the above problem, encourage your child to make connections between the 7.50 and the 3 as “seventy-five cents” and “three.” If you divided 75 cents by 3, you would get 25 cents. Note: Your children might not be shown how perform operations with decimals until 5th Grade.

Example 7 of 8: Money Word Problem With Fractions

Todd has {$100} saved from shoveling snow and raking leaves. If { ½ } his money came from shoveling snow, how much money did he make raking leaves?

  • Step 2: Ask: What is this question asking me to do? (How much money did Todd make raking leaves?).
  • Step 3: First find ½ of $100. $100 ÷ 2 = $50
  • Step 4: Since half divides the $100 into two equal amounts, Todd made $50 from raking leaves and $50 from shoveling snow.
  • Step 5: Write the answer. Todd made $50 shoveling snow.

Example 8 of 8: Money Word Problem With Fractions

Spencer received {$240} a month for tutoring 4th grade students. { ¼ } of his earnings came from tutoring students in math. How much money did he make tutoring students in math?

  • Step 2: Ask: What is this question asking me to do? (How much money did Spencer make tutoring math?).
  • Step 3: First find ¼ of $240. Since one-fourth (¼) means to divide by 4, you are now dividing by a whole number: $240 ÷ 4 = $60.
  • Step 5: Write the answer. Spencer made $60 tutoring math.

Try this  Money Word Problems Worksheet  to practice with problems that are similar to examples 7 and 8 above.

Money Word Problems: Worksheets

Listed below are the 3 worksheets included in the above lesson

  • Word Problems: Decimals Worksheet  – with addition, subtraction, multiplication, & division
  • Word Problems: Multi-step
  • Word Problems: Money With Fractions

Test Questions

Have your children try the 8 questions in the Post-assessment worksheet below. Check their answers and review this lesson with them if necessary.

  • Word Problems: Money  – Post-assessment (8 questions)

Additional Theory:

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40 Apps to Earn Money with Maths: Solve Math Problems to Generate Income

  • July 9, 2023
  • in Earn Money

Mathematics tutoring has the potential to be a highly profitable career, particularly if you possess a solid understanding of the subject and excel in effectively conveying and instructing mathematical ideas. Math experts worldwide leverage their skills to earn money by solving arithmetic questions.

How much you can earn solving math problems online?

You can earn up to $50-100 per hour or day by solving math problems online , and you don’t need a degree to do so. All you need is a working laptop with an internet connection and your time; and of course superior mathematical brain.

If you’re interested in earn money with math, there are several platforms (apps/websites) you can consider. These platforms to earn money for maths professionals listed below can help you make money in your free time by answering math questions in your preferred categories. Once you qualify for the math experts team, you can start earning money every day.

Here are some popular apps/websites that can help you earn money by solving math problems:

(1) Mathway: Solve math problems and access paid subscription services.

(2) Chegg Study: Provide solutions to math problems and earn money by answering user questions. Chegg India is an excellent resource for mathematics educators. You can collaborate with Chegg at your own pace without feeling pressured. There are two options for joining Chegg: as a TBS expert or as a Q&A expert. After becoming a Chegg expert, you can start responding to students’ questions and earning income through the platform.

(3) Tutor.com: Offer tutoring services in various subjects, including math, and earn money by tutoring students online.

(4) Wyzant: Connect with students seeking personalized math help, schedule sessions, and receive payments.

(5) Upwork: Offer your math problem-solving skills and find clients seeking math-related assistance. In order to apply for mathematics-related jobs, it is necessary to establish an Upwork profile and provide comprehensive details about your skills and experience. Your proposal will be successful if it resonates with the clients.

(6) Freelancer: Create a profile and bid on math problem-solving projects.

(7) Udemy: Create and sell math courses globally, covering various topics or specializing in specific areas.

(8) Teachable: Create and sell your own math courses, providing a structured learning experience for students.

(9) Your own website or blog: Advertise your expertise and offer personalized math problem-solving services, allowing potential clients to contact you. You can create your own blog on platforms such as WordPress, Wix, etc.

(10) Study.com provides a platform where you can become an online math tutor and earn money by assisting students academically.

(11) Preply connects tutors with students who are looking for math help, allowing you to use your math problem-solving skills and earn income through online tutoring sessions.

(12) Yup.com is a fantastic online tutoring platform where you can establish a steady income by teaching math to students worldwide. It is among the few user-friendly tutoring services on the internet, requiring only a moderate level of skill. Simply create an instructor profile and set your working hours. However, it’s important to note that you will need to pass a Math and Teaching exam. This site offers support for subjects such as Math, Algebra, Trigonometry, Geometry, Probability, and Calculus.

(13) School Solver is known as the “marketplace for school homework,” is a popular portal for homework and assignment assistance, endorsed by major digital platforms like Forbes, Mashable, and TechCrunch. Students post questions on a wide range of subjects, and your answers can be purchased not only by the original student but also by others who come later. This means that instead of earning $5 per hour, you have the potential to earn up to $500 over time.

(14) Growing Stars is an online tutoring company that offers opportunities for math tutors to earn money by providing personalized tutoring services to students.

(15) OneClass allows you to upload and sell your math notes, study guides, and solutions to math problems. Students can purchase your materials, providing you with a potential source of income. Each approved document you upload earns you 25 credits, which can be redeemed for gift cards to popular retailers such as Amazon, Starbucks, and Domino’s, or for cash.

Not all math-related mobile apps offer direct opportunities to earn money, but there are some that provide rewards, prizes, or cash incentives.

Here are a mobile apps for maths experts to earn extra income:

(16) Math Cash App: With the Math Cash mobile app, you have the opportunity to earn money not only through arithmetic challenges but also by solving crossword puzzles, Sudoku, and participating in the mystery number challenge. The game operates in a fascinating manner, allowing you to compete with other players in mathematical expressions to win cash prizes. The questions primarily involve addition, subtraction, division, and combination problems, serving as a great way to improve your mental arithmetic skills. By swiftly solving the equations, you can outperform your opponents and easily convert your points into cash at any time.

(17) Photomath: A popular math app that allows users to take photos of math problems and provides step-by-step solutions. While it doesn’t offer direct earnings, it can be helpful for students or tutors looking to solve math problems efficiently.

(18) Qmee: This survey app occasionally includes math-related surveys. By completing these surveys, users can earn cash rewards.

(19) Cash Show : Win Real Cash!: A trivia app that includes math-related questions. Players have the chance to win cash prizes by correctly answering a series of trivia questions, including math-related ones.

(20) Quick Math: An educational app that helps users improve their math skills through various exercises and games. While it doesn’t directly provide opportunities to earn money, it can be a valuable tool for learning and practicing math concepts.

There are some platforms that offer opportunities to monetize your math skills:

(21) Brilliant.org: Brilliant provides interactive courses and problem-solving challenges covering various math topics. They have a program called “Brilliant Affiliate Program” that enables you to earn commissions by referring users to their premium subscriptions.

(22) YouTube: Although not an app itself, creating a YouTube channel focused on math tutorials, problem-solving, or educational content can potentially generate income through ad revenue, sponsorships, or viewer donations.

(23) Patreon: Patreon is a platform where content creators can offer exclusive content and membership tiers to their fans. If you create math-related content, you can offer additional resources or personalized assistance to patrons who support you through monthly subscriptions.

(24) Mathway: While Mathway itself does not provide earning opportunities, you can create content on platforms like YouTube or a blog that demonstrates how to effectively use Mathway for problem-solving. By monetizing your content, you can indirectly earn income through ad revenue or sponsorships.

(25) Toppr is a platform where students can post their doubts and get answers from math experts via messaging. Students pay for the answers they receive, making it possible to earn money while solving problems.

(26) JustAnswer.com is a reputable website where individuals can post their questions, and experts provide detailed answers. People can purchase the answers, and the experts receive payment. This platform is not a scam and a great opportunity for experts to apply.

(27) Photostudy is a platform where students can take a photo of their doubts and post them on the website, and experts will solve them. Anyone can apply to become an expert, and the platform also offers online science subjects. This is another great opportunity for individuals seeking to make money through answering questions.

(28) StudyPool is an online platform that allows students to seek answers to their questions from tutors. By offering answers to student queries, you have the opportunity to earn income.

(29) Bartleby: The application process may be slow, but once approved, you will have access to a large number of straightforward questions.

(30) 24HourAnswers is an online tutoring platform that provides an opportunity to earn money by answering questions in a wide range of subjects.

(31) Expert123 is a platform where experts can provide answers to a wide range of questions in fields such as business, health, and technology. By setting their own rates, experts can monetize their expertise effectively.

(32) PrestoExperts , on the other hand, focuses on providing virtual tutoring and consulting services. As a tutor or consultant, you can offer your expertise in specific subjects or fields and earn income by addressing related inquiries.

(33) Kunduz tutor app: Round-the-clock homework app designed to offer students expert assistance in math and science subjects.

(34) Doubtnut , you can receive assistance with your academic queries across multiple subjects including Mathematics via their online platform. Yet, it’s important to note that Doubtnut does not facilitate direct payment for question-solving. If you’re interested in earning an income through Doubtnut, you may consider applying for a role as a tutor or expert on their platform. As a Maths tutor on Doubtnut, you have the opportunity to earn income by providing answers and resolving doubts for students. The amount you earn is determined by factors such as the number and complexity of the questions you address, as well as the time you dedicate to the platform.

(35) PaperCoach: PaperCoach provides support to high school, undergraduate, master’s, and Ph.D. students in their academic pursuits, including coursework, book reviews, essays, dissertations, admission essays, CVs, and cover letters, among other services. PaperCoach adopts a unique approach, emphasizing explicit guarantees and on-time delivery for all projects. To ensure punctuality, it is important to monitor the progress of your document closely. Paper Coach utilizes specialized LinkedIn groups, and prospective writers can also submit their CVs for project consideration. However, applicants for writer positions must hold a Bachelor’s, Master’s, or Ph.D. degree. The minimum payment offered by Paper Coach is $8 per hour , with the potential for higher earnings based on academic level and writing complexity.

(36) HashLearn: is a mobile tutoring platform from India that connects tutors with students in grades 8 through 12, as well as those preparing for JEE, NEET, and CET, to provide homework help and instant doubt clearing. If you’ve ever encountered challenges with questions in Algebra, Integral Calculus, Trigonometry, or while tackling NEET Entrance Exam questions, HashLearn’s teachers are available to assist you. They can also help with questions from other competitive test books. After selecting your areas of expertise, you can begin accepting tutoring requests directly from your phone and receive payment for your services.

(37) Eduboard: Eduboard offers students access to experienced instructors in over 30 subjects, including math, physics, and chemistry. Students can place orders for various tasks, from homework help to essay writing, and you can bid on the ones you’re interested in. Payments are processed monthly and include a 20% commission. To apply as an online tutor on Eduboard, you must either be in your senior year of college or have graduated from an accredited university in Canada or the United States. You have the flexibility to set your fees for Q&A-based assistance, typically ranging from $2 to $25 per question.

(38) Money Games : Money Games is a website where you can play math-based games and have the chance to win monthly prizes. The games on the website cover counting, addition, subtraction, multiplication, division, and factorization.

(39) Slitherio: Slitherio is a math game that allows you to solve math problems in the format of a snake game and gives you the opportunity to win $100 by scoring points in the game. The objective of the game is to solve math questions correctly to increase your score and avoid crashing into yourself, which ends the game. Achieving a high score gives you a chance to win the $100 prize.

(40) Jump Math: Jump Math is a math game that allows you to solve math problems by jumping on the correct answers, earning points for each correct hop. By achieving a minimum score, you can enter a $100 lotto draw for a chance to win the prize.

Important Note:

Before choosing a platform to earn money by solving math problems, it’s important to research and carefully evaluate each one to ensure they align with your goals and expectations. Consider factors such as payment methods, reputation, user reviews, and any requirements or qualifications needed to participate. If there’s any platform asking for money then pay special attention and stay away from such platforms or tools.

Remember to showcase your expertise, provide accurate solutions, and actively engage with clients or students. Building a reputation for your problem-solving skills and delivering high-quality results will increase your chances of earning money through these platforms.

Nikesh-Mehta-AllOnMoney

Hi, I am Nikesh Mehta, owner and writer of this site. I’m an analytics professional and also love writing on finance and related industry. I’ve done online course in Financial Markets and Investment Strategy from Indian School of Business. I can be reached at [email protected] .

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Course: 2nd grade   >   Unit 5

  • Money and time: FAQ
  • Counting American coins
  • Counting dollars
  • Identify the value of US coins and dollars
  • Count money (U.S.)

Money word problems (U.S.)

  • (Choice A)   1 ‍   quarter A 1 ‍   quarter
  • (Choice B)   45 ‍   pennies B 45 ‍   pennies
  • (Choice C)   5 ‍   dimes C 5 ‍   dimes

Free Printable Money Word Problems Worksheets for 5th Grade

Money Word Problems: Discover a vast collection of free printable worksheets tailored for Grade 5 math teachers, focusing on real-life scenarios that help students develop their problem-solving skills with money-related questions.

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Explore printable Money Word Problems worksheets for 5th Grade

Money Word Problems worksheets for Grade 5 are an excellent resource for teachers looking to challenge their students with real-life applications of math concepts. These worksheets provide a variety of engaging and thought-provoking problems that require students to use their understanding of addition, subtraction, multiplication, and division to solve money-related scenarios. By incorporating these Grade 5 math worksheets into their lesson plans, teachers can help students develop critical thinking and problem-solving skills while reinforcing their knowledge of basic math operations. Moreover, these Math Word Problems worksheets are designed to align with the curriculum standards, ensuring that students are well-prepared for standardized tests and future math courses.

Quizizz is an innovative platform that offers a wide range of educational resources, including Money Word Problems worksheets for Grade 5, to help teachers create engaging and interactive learning experiences for their students. In addition to high-quality Math Word Problems worksheets, Quizizz also provides teachers with access to thousands of quizzes and games that cover various subjects and grade levels. This extensive library of resources allows teachers to easily find and customize content to suit their students' needs and learning styles. Furthermore, Quizizz's real-time feedback and progress tracking features enable teachers to monitor their students' performance and identify areas where they may need additional support. By incorporating Quizizz into their teaching strategies, educators can create a dynamic and collaborative learning environment that fosters student success in Grade 5 math and beyond.

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104.6K Ratings

free trial more like MONEY SCAM!!!

i pressed for the free trial so normally like all free trials they ask you to put your card info on so i put my apple pay thing and a few minutes later after doing that i get a notification saying that I just spent $36 at gauthmath!!!! WHAT!!?!??! so i'm talking to customers support of cash app and they're telling me i have to go through all of this waiting around for a refund and the app said that this is a normally occurrence when i went to the help section!! i would not recommend trying the trial out but the free tickets are actually really nice and the app is good overall except for this!! but i still haven't received my money and the customer support for this app is bad there is no one to talk to in situations like this you have to go through your bank and it will take a lot of time to get back.

Developer Response ,

Hi, the free trial is available to new users or those who have not subscribed before. For refund or cancelling, you can follow the guidelines in the FAQ section or please drop us a line on FB/IG (@gauthmath official) or via the feedback button on the upper right hand side on your Gauthmath profile page. Please tell us you are from Apple Reviews and we will help look into your account. Thanks for your support.

If you don’t have this app rn you are tripping bruh like what are you doing with your life 😭

This app has saved my grades so many times it explains everything easily and if the bot can’t solve it they have tutors they can take care of it so many of them and you get free tickets every time you log i. It’s so awesome best part no ads none of that and it’s all free at your hands guys all you have to do is download it and safe your grades or do what ever you need to do like I know it sounds too good to be true but guys trustttt me on this cause I was surprised too so guys use this opportunity now. Thank You Guath Math for all you have done for me I appreciate it sooo much ❤️🦍💪🏿 keep it up I love what you are doing and I will try my best to advertise for you guys cause I owe it to you 🙏🏿
Hi, we are so happy that you enjoy our app!! This is more than everything to us and we will keep up to develop useful features and solve the current problems. We hope to help you get unstuck faster and learn better!

Doesn’t even scan simple problems

THIS APP WRITES FAKE REVIEWS DONT TRUST IT! They have really copy pasted responses to critical reviews and even straight up said “We don’t know if you even used our app for problems” I saw it from a paid promotion on a YouTubers channel instantly new they were buying out false claims. I installed just to give it a second chance on some of my algebra homework I went to the he simplest problem that was a solve for x problem, said “oops we can’t solve that problem” and tried to get me to start a free trial to ask a tutor, like seriously man? They made the YouTuber say that it “can scan advanced word problems and solve them” no it can’t didn’t let me even do any word problems as a matter of fact, it tries to make me enter information for a free trial without even clicking anything it can’t even do simple algebra it basically just works like a camera calculator only can do the simple multiplication division subtraction addition, your basic stuff I don’t recommend this app and it is just a cash grab for you to buy a tutor. Period.
Hi TheSaboteurLT, we are really sorry to hear this. For the issue you reported, we are trying to cover as many math problems as possible and for some advanced math problems, we need to invite a tutor or a math expert to solve it for you. In the free trial, you can ask tutors to solve math problems for free. Again we sincerely apologize for this unsatisfying experience. If you are willing to give us a second chance, feel free to DM us on Ins/FB, we will see what we can do to make up for it. We know there is still a lot to improve and we will keep optimizing our service.

App Privacy

The developer, GAUTHTECH PTE. LTD. , indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

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Data Linked to You

The following data may be collected and linked to your identity:

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Privacy practices may vary, for example, based on the features you use or your age. Learn More

Information

English, Indonesian, Malay, Portuguese, Spanish, Vietnamese

  • PLUS $31.99
  • Monthly $11.99
  • Free Trial(only for newuser) $11.99
  • Quarterly $31.99
  • Ticket Package $9.99
  • Quarterl_basic $15.99
  • Monthly_basic $6.99
  • Ticket Package $14.99
  • Ticket Package $10.99
  • App Support
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IMAGES

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VIDEO

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COMMENTS

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