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Represent money values in multiple ways and count the change required for simple transactions to the nearest five cents (ACMNA059)

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LO: To solve problems involving purchases and the calculation of change to the nearest 5 cents.

Know:

  • How to use the 4 operations to solve money problems.

  • The value of each of the Australian coins and notes.

  • Equivalent value of the coin. Eg.) One 10 cent coin is equal in value to two 5 cent coins.

  • How to subtract money.

Understand:

  • That money can be represented in multiple ways and change is given when there is leftover money.

Do:

  • I can represent money in multiple ways and can count change from simple transactions.

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Representing Money

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Money can be represented in many different ways. One thing to remember is that money is represented using dollars and cents. 100 cents is equal to 1 dollar. The size of the coin also doesn’t determine its value and also having more coins doesn’t mean that it have more value.

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Different countries use different types of money to represent value. Not all countries use the same denominations and divisions with money.

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Adding and Subtracting Money

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Rounding Money

[/fusion_text][fusion_text]When rounding money, always look at the cent place value.

If the cent place value is 1 or 2 then you round down to the nearest dollar. If the cent value is 3 or 4 then you round up to 5 cents. If the cent value is 6 or 7 then you round down to 5 cents. If the cent value is 8 or 9 then you round up to 10 cents.[/fusion_text][imageframe lightbox=”no” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ hide_on_mobile=”no” class=”” id=””] [/imageframe][imageframe lightbox=”no” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ hide_on_mobile=”no” class=”” id=””] [/imageframe][/fullwidth][fullwidth background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_text]

Teaching Ideas

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Similarities and Differences

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Non-Lingusitic Representations

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Interactives

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Student Work

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Money Videos

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