By the time students of KS2 Maths reach Year Six they should be quite confident when solving problems to do with money. They should know whether to use addition, subtraction, multiplication or division to solve different problems such as working out change, finding how much something will cost, percentages of amounts or converting between currencies. They will now be set problems involving higher amounts of money.
Solving money problems will include division, multiplication, addition and subtraction. Addition is used to find how much more than one item will cost. Subtraction will tell you how much change you should get. Division and multiplication could tell you how long you would have to save up to buy something or how much pocket money you would get over a year.
Do you know how much you'd save if there was a 20% off sale? How long would you need to save £1.50 each week to get £10? Play this quiz to find out how good you are at solving money problems.
Next add the units of pounds: £0 + £5 + £5 + £1 = £11
Then add the tens of pounds: £10 + £10 = £20
Then add all of these to the hundreds of pounds: £200 + £20 + £11 + 90p = £231.90