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Adding Money
Calculating Change
Key Terms
The Better Buy
Grade 5
100

2 nickels + 1 dime + 3 quarters =

95 cents

100

A cookie is 30 cents. You pay with a loonie.

70 cents

100

List 3 methods of payment.

Cash, Cheque, Credit Card, Debit Card, GC, EMT

100

How can we support people in need?

By donating

100

Estimate the sales tax of an item that costs $15.00.

$2.25

200

1 loonie + 2 toonies + 1 quarter + 2 dimes =

$5.45

200

An ice cream costs $1.65. You pay with a $5 bill.

$3.35

200

Good vs. Service: A nurse checks your temperature.

Service

200

List 3 ways to determine a good purchase.

Reviews, ratings, price, unit costs (rates)

200

Calculate the sales tax of an item that costs $79.95.

$10.39

300
Four $5 bills + three $10 bills + three $20 bills =

$110

300

A water bottle costs $12.99. You pay with a $20 bill.

$7.01

300

Need vs. Want: You buy a basketball hoop to practice basketball. 

Want

300

Would you buy? 

  • Price: $59.95

  • Rating: ⭐⭐⭐⭐ (4 stars)

  • Review: “I have played over 100 hours of this game!”

Answers may vary.

300

A plan that lists the money you earn and the money you spend over a period of time is called?

A budget

400

three $50 bills + two $100 bills + 1 toonie + 2 loonies + 3 quarters + 4 dimes =

$355.15

400

A new videogame costs $89.98. You pay with two $50 bills.

$10.02

400

This can help pay for unforeseen circumstances, like a new roof. 

Savings

400

Would you buy?

  • Price: $12.95

  • Rating: ⭐⭐⭐ (3 stars)

  • Review: “Cool design but the phone case got really dirty after a couple of months.”

Answers may vary.

400

Credit vs. Debt: Sally borrows $20 from her sister Pam with the promise to pay her back.

Both.

500

$4.25 + $3.60 + $2.35 + $1.70 + $0.85 =

$12.75

500

A notepad costs $7.50. A pack of pencils cost $8.40. A set of markers cost $9.15. You pay for all the items. Your change is $4.95. What did you pay with?

$30

500

What are 2 ways you can invest your money?

1. Putting money into a savings account to make interest

2. Spending money on the stock market

500

  • Pack A: 6 tickets for $18

  • Pack B: 4 tickets for $13


6 tickets for $18 because the unit cost is $3 per ticket vs. $3.25 per ticket.

500

The provincial government collects taxes (e.g., sales, income, etc.). List 3 things they use the money to pay for.

Education, Hospitals, OPP, Parks