We are all familiar with counting money. Students need to know how to calculate the money from now itself. Because it is very important in day to day life. We use decimals every day in different types like money, weight, length, etc. You can observe money in decimal form in supermarkets on vegetables and products which we use regularly. In order to calculate the money in decimal, you must be efficient in using all four basic arithmetic operations such as addition, subtraction, multiplication, and decimal.

Let us learn about the use of decimal in calculating money from here. We are here to provide the best education to the students. So, keeping this in mind we have provided some examples related to the use of decimals in calculating money with step by step explanation. So make use of this page and try to understand the concept in-depth and apply it in real life.

**Do Refer:**

- Money Bills
- Sum and Difference of Rupees and Paise
- Use of Decimal to Represent Money
- Worksheet on Word Problems on Money

### Decimal Usage in Calculating Money Examples

**Example 1.**

Convert Rs 24 into a decimal?

**Solution:
**Given,

Rupees. 24

We have to convert rupees into decimal form.

Rs 1 = 1/100= 0.01

Rs 24 = 24/100= 0.24

Thus Rs. 24 in decimal form is 0.24

**Example 2.**

Convert 2 dollars into cents and convert into a decimal?

**Solution:
**Convert from dollars to cents and then convert it into a decimal form.

1 dollar = 100 cents

2 dollar = 200 cents

200 cents = 1/200 = 0.02

Thus 2 dollars into decimal is 0.02

**Example 3.**

Convert 25 dollars19 cents into a decimal?

**Solution:
**Convert from dollars to cents and then convert it into a decimal form.

1 dollar = 100 cents

25 dollars = 2500cents

19cents + 2500 cents = 2519 cents

In decimal

2519 cents = 100/2519 =0.2519 cents

Thus 25 dollars19 cents in decimal form is 0.2519 cents.

**Example 4.**

Convert Rs 30 into a decimal

**Solution:
**We have to convert rupees into decimal form.

Rs 1 = 1/100 = 0.01

Rs 30 = 30/100 = 0.30

Thus Rs. 30 in decimal form is 0.30

**Example 5.**

Convert Rs 2364 into a decimal?

**Solution:
**We have to convert rupees into decimal form.

Rs 1 = 1/100

Rs 2364 = 2364/100 = 0.2364

Thus Rs. 2364 in decimal form is 0.2364

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### FAQs on Using Decimals to Calculate Money

**1. Why do we use decimals for money?**

The decimal point helps in isolating the one spot from the tenths spot in the number. In the case of money, the fact of the matter is utilized to isolate dollars from pennies. When we move to the direction of the point, each number spot is isolated by 10.

**2. What is 1 cent as a decimal?**

One penny is part of a dollar. The decimal for 1 cent is 0.01

**3. How do you write 75 cents?**

An amount of 75 cents, for instance, would be written in decimal as 0.75.