Solving problems involving money is one aspect of KS2 Maths. In Year Three children will be set problems of conversion from pounds to pence; multiplying, adding, dividing and subtracting different amounts; adding together different types of coins; and working out the correct change.
Solving money problems involves knowing pence and pounds. It is a good idea to get used to adding and subtracting different coins, for example a 50 pence piece, two 20 pence pieces and a 10 pence piece are the same as a £1 coin. Solving real life problems involving money is a chance to practise using your maths skills such as addition and multiplication. Knowing the value of money is very important in life!
Do you know all of the different coins we use? When you go to the shop can you be sure you get the right change? Take this quiz to find out how well you can solve real life money problems.