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Maths Quiz - Solving Problems - Money (Year 4) (Questions)

Money maths helps you make fair choices when spending and sharing. From splitting costs to working out totals, problem-solving with money is a useful life skill.

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Fascinating Fact:

When you share the cost of something with friends, you use division to find out how much each person should pay.

In KS2 Maths, pupils learn how to use real-world maths skills to solve money problems. They add and subtract totals, calculate change, and divide amounts fairly. Understanding how money works helps with budgeting, sharing costs, and making smart spending decisions in daily life.

Key Terms

Budget: A plan for how money will be spent or saved.
Divide: To share an amount into equal parts or groups.
Total: The full sum of all money added together.

Frequently Asked Questions (Click to see answers)

How do you solve money problems in KS2 Maths?

You solve money problems by adding and subtracting amounts, finding change, and sometimes dividing the total to share it fairly between people.

What are some examples of money problems?

Examples include calculating the total cost of items, working out change after payment, or dividing a restaurant bill between friends.

Why is learning about money important?

Learning about money helps children understand everyday maths, make smart financial choices, and prepare for real-life situations like shopping or saving.

Try These Related Quizzes

1.

How many pence is £30.04?

[ ]	304p
[ ]	3,004p
[ ]	30,040p
[ ]	34p

2.

What is 2,076p in £?

[ ]	£2.07
[ ]	£2.76
[ ]	£20.76
[ ]	£207.60

3.

Michael bought apples for £2.90, oranges for £1.50 and bananas for 80p. How much did he spend altogether?

[ ]	£3.50
[ ]	£4.20
[ ]	£5.10
[ ]	£5.20

4.

Sarah bought a book for £6.50. If she paid with a £10 note how much change would she have?

[ ]	£2.50
[ ]	£3.50
[ ]	£4.50
[ ]	£5.00

5.

It costs 70p for one apple. How much would 6 apples cost?

[ ]	£3.20
[ ]	£4.00
[ ]	£4.10
[ ]	£4.20

6.

Claire is saving up for a CD which costs £5.50. If she saves £1 per week how many weeks does she need to save?

[ ]	5 weeks
[ ]	6 weeks
[ ]	7 weeks
[ ]	8 weeks

7.

Asif buys a book for £3.50 and a bookmark for 75p. If he pays with a £5 note how much change will he have?

[ ]	75p
[ ]	£1.50
[ ]	£1.75
[ ]	£3.75

8.

David buys 3 footballs for £1.50 each. How much change would he have from a £20 note?

[ ]	£5.50
[ ]	£14.50
[ ]	£15.00
[ ]	£15.50

9.

Adam spent one quarter of his savings on a game. How much was the game if his savings were £16?

[ ]	£3
[ ]	£4
[ ]	£5
[ ]	£6

10.

Mum gave me £3 of my £12 birthday money. What fraction of my birthday money did mum give me?

[ ]	¹⁄₄
[ ]	¹⁄₃
[ ]	¹⁄₂
[ ]	¹⁄₅

You can find more about this topic by visiting BBC Bitesize - Solving money problems

Maths Quiz - Solving Problems - Money (Year 4) (Answers)

1.

How many pence is £30.04?

[ ]	304p
[x]	3,004p
[ ]	30,040p
[ ]	34p

There are 100p in every £1 so £30 = 3,000p

2.

What is 2,076p in £?

[ ]	£2.07
[ ]	£2.76
[x]	£20.76
[ ]	£207.60

To convert pence into pounds divide by 100
To convert pounds into pence multiply by 100

3.

Michael bought apples for £2.90, oranges for £1.50 and bananas for 80p. How much did he spend altogether?

[ ]	£3.50
[ ]	£4.20
[ ]	£5.10
[x]	£5.20

One way to work this out is to add the pence first and then add the result to the pounds:
90p + 50p + 80p = £2.20
£2.20 + £2 + £1 + £0 = £5.20

4.

Sarah bought a book for £6.50. If she paid with a £10 note how much change would she have?

[ ]	£2.50
[x]	£3.50
[ ]	£4.50
[ ]	£5.00

When the question asks 'How much change?' this usually means a subtraction is required

5.

It costs 70p for one apple. How much would 6 apples cost?

[ ]	£3.20
[ ]	£4.00
[ ]	£4.10
[x]	£4.20

6 x 70p = 420p or £4.20

6.

Claire is saving up for a CD which costs £5.50. If she saves £1 per week how many weeks does she need to save?

[ ]	5 weeks
[x]	6 weeks
[ ]	7 weeks
[ ]	8 weeks

After 5 weeks Claire will only have £5 which is not enough. Therefore she will have to save for one more week

7.

Asif buys a book for £3.50 and a bookmark for 75p. If he pays with a £5 note how much change will he have?

[x]	75p
[ ]	£1.50
[ ]	£1.75
[ ]	£3.75

To solve this problem, first you need to find the total spent (£3.50 + 75p = £4.25) and then subtract from £5 (£5 - £4.25 = 75p)

8.

David buys 3 footballs for £1.50 each. How much change would he have from a £20 note?

[ ]	£5.50
[ ]	£14.50
[ ]	£15.00
[x]	£15.50

To solve this problem first you need to find the total spent (£1.50 x 3 = £4.50) and then subtract from £20 (£20 - £4.50 = £15.50)

9.

Adam spent one quarter of his savings on a game. How much was the game if his savings were £16?

[ ]	£3
[x]	£4
[ ]	£5
[ ]	£6

To find a quarter of Adam's savings you need to divide £16 by 4

10.

Mum gave me £3 of my £12 birthday money. What fraction of my birthday money did mum give me?

[x]	¹⁄₄
[ ]	¹⁄₃
[ ]	¹⁄₂
[ ]	¹⁄₅

To work this one out you must divide £12 by £3 which gives the answer 4