Multiplication of money can be done very easily. You can do multiplication of money just like ordinary numbers. We have explained the procedure on how to multiply money involving rupees and paise. Check the word problems on the multiplication of money for a better understanding of the concept. You can solve similar problems with this knowledge very easily.

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## How to do Multiplication of Money?

In the multiplication of money, we will understand how to multiply the amounts of money involving rupees and paisa. We carry out multiplication with money the same way as ordinary numbers. Place a decimal point after two places from the right side of the product.

(i) Note down the Amounts to be multiplied and arrange them similar to regular multiplication.

(ii) Count as many decimal places are there in the multiplicand and multiplier if any

(ii) Put the decimal point in the product from the right as many places as in the multiplicand and multiplier.

### Multiplication of Money Word Problems

Consider some examples of the multiplication of money.

**Example 1:
**Multiply Rs. 7.50 by 5

**Solution:**

In this case the numbers to be multiplied are 7.50 and 5. Performing multiplication of rupees and paisa we get the following result

7.50

__Â Â Ã—5Â Â__

__3 7. 5__

Hence, the Multiplication of the number 7.50,5 is 37.5.

**Example 2:
**Multiply Rs. 43.50 by 9

**Solution:**

Here numbers to be multiplied are 43.50, 9. As there are 2 decimal places in the multiplicand place the decimal point in the product too after two digits from the right.

43.50

__Â Â Ã—9Â Â Â __

__39 1. 5
__Hence, the Multiplication of the number 43.50,9 is 391.5.

**Example 3:
**Multiply Rs. 125.50 by 7

**Solution:**

Here the multiplicand is 125.50 and the multiplier is 7

125.50

__Â Â Ã—7Â Â Â__

__87 8. 5__

Hence, the Multiplication of the number 125.50,7 is 878.5.

**Example 4:
**Multiply 2025.35 by 3

**Multiplicand and multiplier in the above problem are 2025.35 and 3 respectively.**

Solution:

Solution:

Performing Multiplication of rupees and paise for the given numbers we get the results as follows

2025.35

__Â Â Ã—3Â Â Â__

__6076. 05__

Hence, the Multiplication of the number 2025.350,3 is 6076. 05.

**Example 5:
**Multiply 3216.35 by 23.

**The Multiplicand is 3216.35 and the multiplier is 23. Check out the worked out procedure listed and how decimal point is placed in the product obtained by referring to the below image.**

Solution:

Solution:

3216.35Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â

__Â Â Ã—23Â Â Â __

__73976. 05
__Hence, the Multiplication of the number 2025.350,3 is 73976. 05.

**Example 5:
**Multiply Rs. 646.25 by 17

**Solved Procedure for the multiplication of amounts 646.25 and 17 are given as such**

Solution:

Solution:

Hence, the Multiplication of the number 646.25,17 is 10986.25.

**Example 6:
**Multiply Rs 311.55 by 31

**Solution:**

In this problem multiplicand and multiplier are 311.55 and 31. Know how to multiply the amounts 311.55 and 31 by having a quick glance at the below provided worked out procedure.

Therefore, the Multiplication of 311.55 by 31 is 9658.05.

**Example 7:
**Find the product by multiplication of Rs 507.33 by 19.

**Here the multiplicand and multiplier are 507.33 and 19. Know how to perform multiplication of these amounts by looking at the worked-out process. Since there are 2 decimal places in the multiplicand 507.33 the product will also have a decimal point after 2 digits from the right.**

Solution:

Solution:

Therefore, the multiplication of 507.33 by 19 is 9639.27.

**Example 8:
**Find the product by multiplication of Rs 2575.23 by 15.

**Multiplicand and Multiplier are 2575.23 and 15 respectively. See the worked out procedure for multiplication of amounts 2575.23 and 15 below. Place as many decimals as in the multiplicand and multiplier in the product too, counting from the right.**

Solution:

Solution:

Therefore Multiplication of 257523 by 15 is 38628.45.