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Primary Maths · Year 1Chapter 12 · Money
Year 1 · Chapter 12

Year 1 Money: worked examples and questions with answers

By the end of this chapter you will be able to

  • Name the coins 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2 and say what each is worth
  • Name the notes £5, £10 and £20 and say what each is worth
  • Count coins and notes by starting with the biggest and counting on
  • Find different coins that make the same amount
  • Work out how much change I get when I pay for something

You should already know

  • Counting on and back (Chapter 1)
  • Adding and subtracting within 20 (Chapters 2 and 5)
  • Counting in tens to 100 (Chapter 6)

Where this leads

  • Time (Chapter 13)
  • Adding and subtracting amounts of money in Year 2

National Curriculum for England, Key Stage 1 mathematics, Year 1. Content: Recognise and know the value of coins: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2, Recognise and know the value of notes: £5, £10 and £20, Count money in 1p, 2p, 5p and 10p coins within 20p, and in £1 coins, Find different coins that make the same amount, Solve simple problems about paying for things, including finding change.

Printable worksheets. Every lesson in this chapter has a free worksheet and an answer sheet to download and print.

Exercise P  Do you remember?

Non-calculator
1
FWhat is 6 + 3? Start at the bigger number and count on.
012345678?10
2
FWhen we count in tens, what are the next two numbers after 30?
30313233343536373839?414243444546474849?
3
FWhat number is one more than 19?
1516171819?2122232425
4
FPut these numbers in order, smallest first: 13, 11, 15.
10111213141516
5
FWhat is 4 + 10?
012345678910111213?151617181920
12.1

Coins and their values

Year 1
Recognise and know the value of coins

Printable: Worksheet (PDF) · Answers (PDF) · Open this lesson on its own page

Video lesson: Coins and their valuesComing soon
A shop. We pay for things here with coins and notes.

We use coins to pay for things. Every coin has a value. The value tells us how much the coin is worth. The number on the coin is its value. The letter p means pence. The sign £ means pounds.

Here are the coins we use in the UK. Read the number on each one.

1p2p5p10p20p50p£1£2
The coins: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2.

Key ideas

  • The number on a coin tells you its value.
  • p means pence. £ means pounds.
  • Look at the number, not the size of the coin.
  • £2 is the coin with the most value.
Worked example 12.1.1
What is this coin worth?
20p

Key words. p stands for pence. £ stands for pounds.

Method. Read the number on the coin. The number tells us what it is worth.

  1. Look at the coin. The writing on the coin shows its value.
    Coin: 20p
  2. Read the letter after the number. p means pence. £ means pounds.
    p = pence
  3. Write the value.
    20p

Check. Say the value out loud: 20p. ✓

Watch out. Look at the number, not at the size of the coin.

Worked example 12.1.2
Which is worth more: this 5p coin or this 2p coin?
5p2p

Method. Compare the two values. The value with the bigger number is worth more.

  1. Read the first coin or note. Write down its value.
    First: 5p
  2. Read the second coin or note. Write down its value.
    Second: 2p
  3. Compare the values. The bigger value is worth more than the smaller one.
    5p is more than 2p
  4. Write the answer.
    5p is worth more.

Check. The other way round: 2p is worth less than 5p. ✓

Watch out. Do not choose a coin because it looks bigger. Look at the value written on it.

Worked example 12.1.3
Which is worth more: a £2 coin or a £1 coin?
£2£1

Method. Compare the two values. The value with the bigger number is worth more.

  1. Read the first coin or note. Write down its value.
    First: £2
  2. Read the second coin or note. Write down its value.
    Second: £1
  3. Compare the values. The bigger value is worth more than the smaller one.
    £2 is more than £1
  4. Write the answer.
    £2 is worth more.

Check. The other way round: £1 is worth less than £2. ✓

Watch out. Do not choose a coin because it looks bigger. Look at the value written on it.

Watch out

Watch out: a coin can look big and still be worth less. The 2p coin is worth less than the 5p coin, even if it looks bigger. Always read the number.

Exam tip

Grown-up tip. Collect real coins from home and sort them into piles by value, reading the number on each one. Ask your child: “Which coin is worth the most? How do you know?” Coins of different sizes can have different values.

Exercise 12A  Coins and their values

Non-calculator
1
FWrite the value of each coin. Start at the left.
1p2p5p10p
(a)Coin on the left
(b)Second coin
(c)Third coin
(d)Coin on the right
2
FRead each coin. What is each one worth?
20p50p£1£2
(a)Coin on the left
(b)Second coin
(c)Third coin
(d)Coin on the right
3
FWhich coin is worth 20p? Choose from 2p, 20p and 50p.
2p20p50p
4
FWhich coin is worth £1? Choose from 10p, 50p and £1.
10p50p£1
5
FWhat is this coin worth?
50p
6
FWhat is this coin worth?
£2
7
PSMei has a 20p coin. Ravi has a 10p coin. Who has more money?
20p10p
8
RAli says, “The 2p coin is worth more, because it is bigger.” Is Ali right? Explain how you know.
2p5p
9
RWhich is the odd one out: 5p, 10p, £1 or 20p? Explain why.
5p10p£120p
10
RSam says, “One £2 coin is worth the same as two £1 coins.” Is he right? Explain.
£2£1£1
11
FWhich coin is worth 10p? Choose from 1p, 5p and 10p.
1p5p10p
12
RBen says, “The 1p coin is worth more than the 2p coin.” Is Ben right? Explain.
1p2p
13
FWrite these in order, smallest value first: 10p, 1p, 50p, £1.
10p1p50p£1
12.2

Notes: five, ten and twenty pounds

Year 1
Recognise and know the value of notes

Printable: Worksheet (PDF) · Answers (PDF) · Open this lesson on its own page

Video lesson: Notes: five, ten and twenty poundsComing soon
A bakery. Buns and cakes cost money.

Notes are bigger than coins, and they are worth more. The notes we look at in Year 1 are the £5, £10 and £20 notes. Each note has its value written on it.

A £5 note is worth 5 pounds. A £10 note is worth 10 pounds. Look at the number to find the value.

£5£10£20
The £5, £10 and £20 notes.

Key ideas

  • Notes are worth more than coins.
  • The number on a note is its value in pounds.
  • Write pounds with the £ sign, like £10.
  • Two £5 notes are worth £10.
Worked example 12.2.1
What is this note worth?
£10

Key words. p stands for pence. £ stands for pounds.

Method. Read the number on the note. The number tells us what it is worth.

  1. Look at the note. The writing on the note shows its value.
    Note: £10
  2. Read the letter after the number. p means pence. £ means pounds.
    £ = pounds
  3. Write the value.
    £10

Check. Say the value out loud: £10. ✓

Watch out. Look at the number, not at the size of the coin.

Worked example 12.2.2
Which note is worth the most?
£5£20£10

Method. Find the value that is the biggest. Read the number on each one.

  1. Read each value. Look at the number on each one.
    £5, £20 and £10
  2. Find the biggest value. Compare the values.
    £20 is the biggest value
  3. Write the answer.
    £20

Check. Every other value is less than £20. ✓

Watch out. Compare the values, not the sizes of the notes.

Worked example 12.2.3
Ravi has a £5 note and a £10 note. How much money does he have altogether?
£5£10

Method. Start with the biggest coin, then count on. Say the value of each one as you add it.

  1. Start with the biggest coin or note. Starting with the biggest one is quick.
    £10
  2. Count on £5. Add the value of the next coin or note.
    £10 + £5 = £15
  3. Write the total.
    £15

Check. Add them in a different order. You still get £15. ✓

Watch out. Add the values, not the number of coins. Count each coin only once.

Watch out

Watch out: £5 is not the same as 5p. The £ sign means pounds, and pounds are worth much more than pence. Read the sign before you read the number.

Exam tip

Grown-up tip. Use real notes or play money. Ask: “How many £5 notes make £10?” Let your child lay the notes out in a row and count on in pounds.

Exercise 12B  Notes

Non-calculator
1
FWhat is this note worth?
£5
2
FWhat is this note worth?
£10
3
FWhat is this note worth?
£20
4
FWrite the value of each note. Start at the left.
£20£5£10
(a)Note on the left
(b)Note in the middle
(c)Note on the right
5
FWhich note is worth the least: £10, £20 or £5?
£10£20£5
6
FMei has two £5 notes. How much money does she have?
£5£5
7
FLeo has a £10 note and another £10 note. How much money does he have?
£10£10
8
FAisha has a £20 note and a £5 note. How much money does she have altogether?
£20£5
9
FTom has a £20 note. He spends £5. How much money is left?
£20
10
PSZara has a £10 note and a £5 note. A game costs £10. How much money does Zara have left?
£10£5
11
PSJack has a £20 note and a £5 note. Does he have more than £20? Explain.
£20£5
12
RIs a £10 note worth more than two £5 notes? Explain how you know.
£10£5£5
13
RIs a £20 note worth more than three £5 notes? Explain.
£20£5£5£5
14
RWrite two different ways to make £20 using these notes: £5, £10 and £20.
£5£10£20
12.3

Counting money

Year 1
Count money in 1p, 2p, 5p and 10p coins, and in £1 coins

Printable: Worksheet (PDF) · Answers (PDF) · Open this lesson on its own page

Video lesson: Counting moneyComing soon
A shop. Count the coins before you pay.

To count coins, start with the biggest coin. Then count on by adding the value of each next coin. Say the value every time, so you do not miss a coin or count one twice.

Let’s count these coins. We start with the 10p.

10p2p5p
Count these coins: 10p, 2p and 5p.

Key ideas

  • Start with the biggest coin.
  • Count on the value of each other coin.
  • Say the value, not just the coin number.
  • Pence coins in this chapter add up to 20p or less. Count £1 coins in pounds.
Worked example 12.3.1
How much money is this?
10p2p5p

Method. Start with the biggest coin, then count on. Say the value of each one as you add it.

  1. Start with the biggest coin or note. Starting with the biggest one is quick.
    10p
  2. Count on 5p. Add the value of the next coin or note.
    10p + 5p = 15p
  3. Count on 2p. Add the value of the next coin or note.
    15p + 2p = 17p
  4. Write the total.
    17p

Check. Add them in a different order. You still get 17p. ✓

Watch out. Add the values, not the number of coins. Count each coin only once.

Worked example 12.3.2
How much money is this?
10p10p

Method. Start with the biggest coin, then count on. Say the value of each one as you add it.

  1. Start with the biggest coin or note. Starting with the biggest one is quick.
    10p
  2. Count on 10p. Add the value of the next coin or note.
    10p + 10p = 20p
  3. Write the total.
    20p

Check. Add them in a different order. You still get 20p. ✓

Watch out. Add the values, not the number of coins. Count each coin only once.

Worked example 12.3.3
How much money is this?
£1£1£1

Method. Start with the biggest coin, then count on. Say the value of each one as you add it.

  1. Start with the biggest coin or note. Starting with the biggest one is quick.
    £1
  2. Count on £1. Add the value of the next coin or note.
    £1 + £1 = £2
  3. Count on £1. Add the value of the next coin or note.
    £2 + £1 = £3
  4. Write the total.
    £3

Check. Add them in a different order. You still get £3. ✓

Watch out. Add the values, not the number of coins. Count each coin only once.

Watch out

Watch out: when you count on, add the value of the next coin. Counting on a 5p coin means adding 5, not 1. 5p + 2p is 7p.

Exam tip

Grown-up tip. Use real coins. Start with the biggest one and say each total out loud: “Ten, fifteen, seventeen.” Counting in 2s, 5s and 10s helps to check the total.

Exercise 12C  Counting money

Non-calculator
1
FRuby has these two coins in her hand. How much money is it?
5p5p
2
FAli finds these coins under the sofa. How much money did he find?
10p2p
3
FThese are three coins in a jar. How much money is in the jar?
2p2p2p
4
FMei counts the coins on her desk. How much money is there?
10p5p1p
5
FLeo has three 5p coins in his pocket. How much money does he have?
5p5p5p
6
FCount the five coins in this pile. How much money is it?
1p1p1p1p1p
7
FHow much money is this? These are £1 coins.
£1£1
8
FHow much money is this? These are £1 coins.
£1£1£1£1
9
FEach row is one purse. How much money is in each purse?
2p2p5p10p5p1p1p10p
(a)Row 1 (top)
(b)Row 2 (middle)
(c)Row 3 (bottom)
10
PSTom has two coins worth 12p altogether. One of them is a 10p coin. What is the other coin?
10p
11
RPriya has a 5p coin, a 2p coin and a 1p coin. Does she have 9p? Explain.
5p2p1p
12
PSLily has three coins. All three coins are the same. Together they make 6p. What coins does she have?
???
13
RBen says, “I have three coins worth 16p.” Could he be right? Write the three coins.
???
12.4

Different ways to make the same amount

Year 1
Find different coins that make the same amount

Printable: Worksheet (PDF) · Answers (PDF) · Open this lesson on its own page

Video lesson: Different ways to make the same amountComing soon
A bakery. You can pay with different coins.

You can make the same amount with different coins. For example, 10p can be one 10p coin. It can also be two 5p coins, or five 2p coins. Each way adds up to 10p.

Count the coins in each row to check the total.

10p5p5p2p2p2p2p2p
Three ways to make 10p.

Key ideas

  • Different coins can make the same amount.
  • Add the coins up to check.
  • Two 5p coins make the same as one 10p coin.
  • Use the fewest coins when you can.
Worked example 12.4.1
Make 10p in two different ways.
1p2p5p10p

Method. There is more than one way. Each set of coins must add up to 10p.

  1. Try set 1. Add the coins in the set to check it.
    10p = 10p
  2. Try set 2. Add the coins in the set to check it.
    5p + 5p = 10p
  3. Write the answer. Any set that adds up to the amount is correct.
    10p or 5p + 5p

Check. Add the coins in each set again. Each one makes 10p. ✓

Watch out. Check the total of every set. A set that adds up to a different amount is wrong.

Worked example 12.4.2
Make 20p using only 5p coins. How many 5p coins do you need?
5p

Method. Add one coin at a time until you reach 20p.

  1. Add one coin at a time. Each coin is worth 5p.
    5p, 10p, 15p, 20p
  2. Count how many coins you added. The number of coins is the number of steps.
    4 coins
  3. Write the answer.
    4

Check. Check: 4 × 5p = 20p. ✓

Watch out. Add the same coin each time. Do not add 1 each time.

Worked example 12.4.3
Which two coins make 7p?
??

Method. Find two coins that add up to the amount. Try the bigger coins first.

  1. Try two coins. Pick two coins and add their values.
    5p + 2p
  2. Add them up. The total must be the amount we want.
    5p + 2p = 7p
  3. Write the answer. No other two coins make this amount.
    5p and 2p

Check. Add them the other way round: 2p + 5p = 7p. ✓

Watch out. The two coins can be the same, like two 10p coins.

Watch out

Watch out: a set of coins is only right if it adds up to the amount. Add the coins in each set before you say it is right.

Exam tip

Grown-up tip. Use real coins. Ask your child to make 10p in as many ways as they can. Then ask: “Which way uses the fewest coins?”

Exercise 12D  Different ways to make the same amount

Non-calculator
1
FWhich two coins make 7p? Write both coins.
??
2
FWhich two coins make 12p? Write both coins.
??
3
FWhich two coins make 15p? Write both coins.
??
4
FWhich two coins make 20p? Write both coins.
??
5
FMake 10p using only 5p coins. How many 5p coins do you need?
5p
6
FMake 10p using only 2p coins. How many 2p coins do you need?
2p
7
FHow many 2p coins make 6p?
2p
8
PSWhich set of coins makes 10p? Set A: 5p, 2p and 2p. Set B: 5p and 5p. Set C: 10p and 2p. Write A, B or C.
A???B??C??
9
PSBen says you can make 10p with five coins. Is he right? Show how.
?????
10
PSPriya has only 5p coins. She wants to make 15p. How many coins does she need?
5p
11
PSMake 6p in two different ways. Use 1p, 2p and 5p coins.
1p2p5p
12
RMake 16p using coins from 1p, 2p, 5p and 10p. Write one way.
1p2p5p10p
13
RWhat is the fewest number of coins you can use to make 9p? Write the coins.
1p2p5p10p
12.5

Paying for things and change

Year 1
Solve simple money problems: paying for things and finding change

Printable: Worksheet (PDF) · Answers (PDF) · Open this lesson on its own page

Video lesson: Paying for things and changeComing soon
A shop. Pay for things and get change.

When we buy something, we pay its price. If we pay with more money than the price, the shop gives us back the difference. That is called change.

Here are some things to buy. Each price tag shows the price.

pencil5pruler6pball13p
Three things to buy and their prices.

To find the change, count on from the price to the money you paid.

Key ideas

  • The price is what something costs.
  • The change is the money you get back.
  • Count on from the price to the money you paid.
  • Price plus change makes the money you paid.
Worked example 12.5.1
A pencil costs 5p. Ravi pays with a 10p coin. What is his change?
pencil5p10p

Key words. The price is what something costs. The change is the money given back.

Method. Change is the money we get back. Count on from the price to the money paid.

  1. Start at the price. We count on from the price to the money paid.
    5p
  2. Count on to 10p. Each step adds on money until we reach the amount paid.
    5p + ? = 10p
  3. Find how much we counted on. The amount we counted on is the change.
    10p − 5p = 5p
  4. Write the answer.
    5p change

Check. Add the change to the price: 5p + 5p = 10p. ✓

Watch out. Change is the money paid minus the price. Do not add them.

Worked example 12.5.2
A ball costs 13p. Mei pays with a 20p coin. What is her change?
ball13p20p

Key words. The price is what something costs. The change is the money given back.

Method. Change is the money we get back. Count on from the price to the money paid.

  1. Start at the price. We count on from the price to the money paid.
    13p
  2. Count on to 20p. Each step adds on money until we reach the amount paid.
    13p + ? = 20p
  3. Find how much we counted on. The amount we counted on is the change.
    20p − 13p = 7p
  4. Write the answer.
    7p change

Check. Add the change to the price: 13p + 7p = 20p. ✓

Watch out. Change is the money paid minus the price. Do not add them.

Worked example 12.5.3
Tom buys a rubber for 2p and a ruler for 6p. How much does he spend?
rubber2pruler6p

Method. Start with the biggest coin, then count on. Say the value of each one as you add it.

  1. Start with the biggest coin or note. Starting with the biggest one is quick.
    6p
  2. Count on 2p. Add the value of the next coin or note.
    6p + 2p = 8p
  3. Write the total.
    8p

Check. Add them in a different order. You still get 8p. ✓

Watch out. Add the values, not the number of coins. Count each coin only once.

Watch out

Watch out: change is not the price. If a pencil costs 5p and you pay 10p, the change is 5p, not 10p. Check your change: price + change = money paid.

Exam tip

Grown-up tip. Play shop at home with real coins and a few cheap items. Ask: “How much change will you get?” Let your child count on from the price to the amount paid.

Exercise 12E  Paying for things and change

Non-calculator
1
FRavi has 10p. He buys a ruler for 6p. How much money is left?
ruler6p10p
2
FA bun costs 12p. Aisha pays with 20p. What is her change?
bun12p20p
3
FA toy costs 15p. Ben pays with 20p. What is his change?
toy15p20p
4
FA sticker costs 4p. Mei pays with 10p. What is her change?
sticker4p10p
5
FWhat is the total price of the rubber and the pencil?
rubber2ppencil5p
6
FJack buys a bun for 10p and a juice for 5p. How much does he spend?
bun10pjuice5p
7
PSRavi has a 5p coin, a 5p coin and a 2p coin. Can he buy a sticker that costs 12p?
5p5p2psticker12p
8
PSPriya has 20p. She buys a ball for 10p and a pencil for 5p. How much money does she have left?
20pball10ppencil5p
9
PSJack has a £10 note. He buys a game for £5. What is his change?
game£5£10
10
FLeo has £20. A toy costs £15. What is his change?
toy£15£20
11
FAisha has 20p. What is her change if she buys each thing?
pencil5pruler10pball12p20p
(a)The pencil
(b)The ruler
(c)The ball
12
PSJack has a £10 note. He buys a toy for £5. Then he buys a hat for £2. How much money does he have left?
£10toy£5hat£2
13
RBen pays 20p for a 7p bun. He says his change is 14p. Is he right? Explain.
bun7p20p

Chapter summary

SkillMethod
CoinsEach coin has a value. The number on it tells you the value: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2.
NotesThe £5, £10 and £20 notes are worth 5, 10 and 20 pounds.
Count moneyStart with the biggest coin or note. Count on by adding the value of each next one.
Different waysDifferent coins can make the same amount. Add them up to check.
Pay and changeChange = money paid − price. Count on from the price to the money paid.

Can you…?

  • I can name the coins 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2 and say what each is worth
  • I can name the notes £5, £10 and £20 and say what each is worth
  • I can count coins and notes by starting with the biggest and counting on
  • I can find different coins that make the same amount
  • I can work out the change when I pay for something

Key terms

coin
a small round piece of money, such as 10p
note
a piece of paper or plastic money with a bigger value, such as £10
value
how much a coin or note is worth
pence (p)
the small unit of money; 100 pence make £1
pound (£)
the bigger unit of money
price
how much something costs
change
the money you get back when you pay more than the price
count on
add the value of each next coin or note

Exercise 12Z  Check-up

Non-calculator
1
What is this note worth?
£20
2
What is this coin worth?
2p
3
How much money is this? Look at the coins from left to right.
10p1p5p
4
How much money is this? Two £1 coins and one £5 note.
£1£1£5
5
Which two coins make 12p? Write both coins.
??
6
How many 5p coins make 10p?
5p
7
Which is worth more: a 50p coin or a £1 coin?
50p£1
8
A ball costs 8p. Ravi pays with 10p. What is his change?
ball8p10p
9
Write these in order, smallest value first: 10p, 2p, £1, 5p.
10p2p£15p
10
Aisha has a £20 note. She buys a hat for £10. How much money is left?
£20hat£10

Total 16 marks. Allow about 16 minutes.

Exercise 12X  End-of-chapter quiz

Non-calculator
1
FWhat is this coin worth?[1 mark]
20p
2
FWhat is this note worth?[1 mark]
£5
3
FHow much money is this? The coins are 5p, 2p and 5p.[1 mark]
5p2p5p
4
FWhich coin is worth 50p? Choose from 5p, 20p and 50p.[1 mark]
5p20p50p
5
FRavi has three £1 coins and one £5 note. How much money does he have?[2 marks]
£1£1£1£5
6
FMake 20p using only 5p coins. How many 5p coins do you need?[2 marks]
5p
7
FWhich two coins make 15p? Write both coins.[2 marks]
??
8
FMei buys a pencil for 6p. She pays with a 10p coin. What is her change?[2 marks]
pencil6p10p
9
RWhich is the odd one out: 2p, 5p, £1 or 10p? Explain why.[2 marks]
2p5p£110p
10
RMei has 20p. She buys a bun for 13p. She says her change is 8p. Is she right? Explain.[2 marks]
bun13p20p
← Chapter 11: Position and directionChapter 13: Time →

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