Thursday, September 24, 2015

Money is a very fascinating subject for elementary school students as they learn to sort and count it, spend it independently and calculate correct change. If your kids have mastered basic money math skills already, they might enjoy these somewhat more advanced money math problems.
Money Math Problems for 1st to 3rd grade
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1. Play with Coins

Annabelle has four coins – 5 cents, 10 cents, 25 cents, 50 cents. How many different values can she make with each of those coins? (Source: Math Kangaroo, 1st and 2nd grade level)

2. Use Different Coins to Make a Number

A Yummy Bar costs 35 cents. The machine takes only exact change and doesn’t take pennies. Maria and her 5 friends each wanted a Yummy Bar. They each had exactly 35 cents to put in the machine, but no one had the same number of coins! Anna had 7 coins, Brianna had 6 coins, Chris had 5 coins. David had two fewer coins than Brianna. Elsa had three coins, and Frank had half as many coins as David. Write down which coins each of the friends had. (Source: Math Detectives: Beginning)

3. Find a Fake Coin

We have 15 coins, and one of them is fake. We also have a balance scale. We don’t know whether a fake coin is heavier or lighter than other coins. You have two chances to weigh coins on a balance scale and find whether a fake coin is heavier or lighter than true coins. How do you do that? (Source: Hands-On Logic Problems for Young Children)

4. How Much Does It Cost?

This is probably the most difficult problem on the list, but it might get your little mathematicians thinking:
A student bought 4 books. 3 books without the first one cost 42 cents, 3 books without the second one cost 40 cents, 3 books without the third one cost 38 cents, 3 books without the last one cost 36 cents. How much is every book? (Source: Kvant)

Money Math Problems Printable

For your convenience, I pulled the problems above into a Money Math free printable. I am not providing the answers to these problems, since I assume that any adult presenting these problems to children should be able to solve them on his/her own, but if you are in doubt, please ping me in the comments, and I will give you answers.

Your Turn

Money math challenges for 1st through 3rd grade. Free printable

How do you teach your elementary school kids about money?

More Math Resources for Kids

From my blog:
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Follow Natalie Planet Smarty Pants's board Math on Pinterest.

Money Activities for Second Grade

Check out these ideas from Second Grade Blogging Team!
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Cerys Parker said...

Some fantastic advanced math problems. Great for mastering Money.

Kim Staten said...

Great ideas! Thanks for sharing!

Ticia said...

I always laughed when I taught and kids had to make change using several different ways. I always ended up with several kids drawing out 65 pennies.

maryanne @ mama smiles said...

Great money math challenges!

maryanne @ mama smiles said...

Great money math challenges!