Money is used to pay for things.

We can buy items using coins

and banknotes. We can also
pay using cheques or cards.

When we work for somebody,

they may pay us money in
exchange for our work.
 We use money in
many different
ways.
Paying Saving pocket money
household bills. in a piggy bank. Here are some
Paying for examples...
shopping at a

supermarket.

Saving money in Withdrawing banknotes

a bank account. from a cash machine.

Ordering tickets for Buying lunch

Lending money
a concert online. in a café.
to a friend.

To work out the amount of change,
calculate the difference between
the total price and the amount that
you give the shopkeeper.
When we buy things, we
might not have the exact
money to pay the
shopkeeper. So, we can give
them a bit too much and
they give us the change.

An apple costs RM 4. If I pay with RM

5, how much change do I receive?
RM 5- RM 4 = RM 1
RM 4 The change is RM 1

A toy truck costs RM8.50. How much

change will I get if I pay with RM 20?
RM 20.00 - RM8.50 = RM11.50
RM 8.50 The change is RM 11.50.
There are
two
different
types of Earning Interest Paying Interest
When you save money in a bank If you borrow money, the lender
interest. account, the bank will pay you to will charge you for this. The extra
Which of let them look after your money. charge is also called interest.
This is called interest.
these If you borrow RM100 in a loan
If you save RM 100 in an account with an interest rate of 15%,
would you with an interest rate of 5%, after after a year you will owe the
prefer? a year you will have RM105! bank RM115
(if you haven’t paid anything
back).