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MEAP Preparation - Grade 3 Mathematics
3.29 Money Word Problems

Method:

  1. Read the question carefully.
  2. Count the number of quarters, dimes, nickles
  3. Add or subtract as per the question.

Example:
I have $45.50, I spend 50 cents. How much money do I have left?

100 cents = 1 dollar
Hence $45.50 = 45.50 * 100 cents
We subtract 50 cents that is spent
4550 - 50 = 4500 cents
Answer: $45

Directions: Answer the following questions. Also write at least ten examples of your own.
Q 1: At a museum gift shop, Tricia bought a poster for $6.47. Her friend, Joanie bought a necklace for $4.29. How much more did Tricia spend than Joanie?
$2.95
$2.96
$2.18
$2.97

 Q 2: How much are 3 pennies worth?
3 cents
5 cents
16 cents

Q 3: I had a quarter, a dime, and a nickel to spend. I bought a candy bar for 20 cents. How much change did I get back?
20 cents
30 cents
10 cents
60 cents

 Q 4: I want to buy a drink at the movies. It will cost 95ยข. I have 1 quarter, 5 dimes, and a nickel. Do I have enough money?
No, not enough
Yes, more than enough
Yes, just enough

Q 5: Jim spends $4.00 for candies and $2.25 for toys. How much did he spend?
$2.25
$6.25
$5.25
$4.25

 Q 6: Lisa has $4.50. She bought a pencil sharpener for $2.30 and spiral notebook for 75 cents. How much money does she have left.
$1.45
$1.32
140 cents
$.80

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 Question 8: This question is available to subscribers only!


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