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Quizzes > High School Quizzes > Mathematics

3rd Grade Money Word Problems Quiz

Practice money word problems for grades 3 and 5

Difficulty: Moderate
Grade: Grade 3
Study OutcomesCheat Sheet
Paper art representing a trivia quiz about Money Math Magic for middle school students.

You have 2 quarters, 1 dime, and 1 nickel. How much money do you have in cents?
65 cents
70 cents
75 cents
80 cents
Adding the values gives 25 + 25 + 10 + 5 = 65 cents. This is the correct sum of the coins provided.
Which of the following combinations, using exactly two coins, equals 50 cents?
2 quarters
5 dimes
1 quarter and 1 dime
1 dime and 1 nickel
Using exactly two coins, only 2 quarters add up to 50 cents. The other options either use more coins or do not reach 50 cents.
You buy a toy for 75 cents and pay with a dollar. How much change should you receive in cents?
25 cents
15 cents
35 cents
50 cents
Subtracting the cost from 100 cents gives 100 - 75 = 25 cents. This is the amount of change received.
How many dollars are in 5 dimes?
$0.50
$0.05
$0.10
$1.00
Each dime is worth 10 cents, so 5 dimes are worth 5 x 10 = 50 cents, which is equivalent to $0.50. This conversion from cents to dollars is correct.
If you have 1 penny, 2 nickels, and 1 quarter, what is the total amount in cents?
36 cents
35 cents
34 cents
37 cents
1 penny (1 cent) + 2 nickels (2 x 5 = 10 cents) + 1 quarter (25 cents) equals 1 + 10 + 25 = 36 cents. This makes 36 cents the correct total.
Sally has $1.25. She buys an apple for $0.75. How much money does she have left?
$0.50
$0.40
$0.60
$1.00
Subtracting $0.75 from $1.25 gives $0.50 remaining. This correctly shows the subtraction of money amounts.
A pencil costs $0.30 and an eraser costs $0.20. What is the total cost of both items?
$0.50
$0.30
$0.20
$0.60
Adding $0.30 and $0.20 results in $0.50, which is the correct total cost. This demonstrates basic addition of decimals.
If you save 10 cents each day, how much will you have after 7 days?
$0.70
$0.60
$0.80
$0.75
Saving 10 cents per day for 7 days results in 10 x 7 = 70 cents, or $0.70. The multiplication demonstrates repeated addition over a week.
A sandwich costs $2.50 and a drink costs $1.25. What is the total cost to buy 2 sandwiches and 1 drink?
$6.25
$6.00
$5.75
$7.00
Two sandwiches cost 2 x $2.50 = $5.00 and one drink costs $1.25, totaling $5.00 + $1.25 = $6.25. This addition combines multiple items consistently.
Tom had $5.00 and spent $3.75. How much money is left?
$1.25
$1.50
$1.00
$0.75
Subtracting $3.75 from $5.00 gives $1.25 remaining. This simple subtraction shows the importance of tracking spending.
Jerry wants to buy a toy that costs $4.20 and he has saved $1.80. How much more money does he need?
$2.40
$2.00
$1.80
$2.50
The difference between $4.20 and $1.80 is $2.40, which is the additional amount needed. This problem reinforces the concept of finding a missing amount.
A burger costs $2.50 and fries cost $1.75. What is the total cost if you buy one burger and two orders of fries?
$6.00
$7.00
$5.50
$6.50
One burger costs $2.50 and two orders of fries cost 2 x $1.75 = $3.50. Adding these together, $2.50 + $3.50 equals $6.00.
If you need $7.50 to buy a toy and you currently have $4.50, how much more money is required?
$3.00
$2.50
$4.00
$3.50
Subtracting $4.50 from $7.50 shows that an additional $3.00 is needed. This is a direct application of subtraction.
Max bought 3 pencils at $0.40 each and 2 notebooks at $1.20 each. What is his total spending?
$3.60
$3.50
$3.80
$4.00
Calculating separately, 3 pencils cost 3 x $0.40 = $1.20 and 2 notebooks cost 2 x $1.20 = $2.40. Adding these gives a total of $3.60.
A candy bar costs $0.95. With $5.70, what is the maximum number of candy bars you can buy?
6
5
7
8
Dividing $5.70 by $0.95 gives exactly 6, meaning you can buy 6 candy bars with no remainder. This illustrates division with decimals.
Lucy wants to buy 4 notebooks priced at $1.75 each and 3 pens priced at $0.55 each. How much will she spend in total?
$8.65
$8.55
$8.75
$9.00
First, multiply 4 notebooks by $1.75 to get $7.00, and 3 pens by $0.55 to get $1.65. Adding these amounts gives $7.00 + $1.65 = $8.65, which is correct.
A store offers a discount of $1 off on purchases over $10. If you buy items totaling $10.50, what is the final price after the discount?
$9.50
$10.50
$10.00
$11.50
Since the purchase total of $10.50 qualifies for the discount, subtract $1 to get $9.50 as the final price. The discount rule has been correctly applied.
Phillip bought 4 items priced at $3.65, $2.85, $5.10, and $4.40. If he pays with a $20 bill, how much change does he receive?
$4.00
$3.00
$4.50
$5.00
The total cost is computed as $3.65 + $2.85 + $5.10 + $4.40 = $16.00. Subtracting this from $20.00 results in $4.00 change.
At the fair, tickets cost $1.50 each. If you have $10, what is the maximum number of tickets you can buy and how much money will remain?
6 tickets and $1.00 left
5 tickets and $2.50 left
6 tickets and $0.50 left
7 tickets and $0.50 left
Dividing $10 by $1.50 gives 6 tickets (6 x $1.50 = $9.00) with $1.00 remaining. This shows the use of division with remainders in money calculations.
What is the least number of coins, using only quarters and dimes, needed to make exactly $1.40?
8 coins
7 coins
6 coins
9 coins
Using 4 quarters (worth $1.00) and 4 dimes (worth $0.40) sums exactly to $1.40, using a total of 8 coins. This combination minimizes the number of coins under the given constraints.
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Study Outcomes

  1. Analyze money word problems to determine the correct arithmetic operations.
  2. Apply addition and subtraction strategies to calculate money values accurately.
  3. Evaluate different methods for solving transactions and change-making scenarios.
  4. Interpret currency denominations to assess correct money conversions.
  5. Simplify complex money scenarios by breaking them down into manageable steps.

Money Word Problems: 3rd & 5th Grade Cheat Sheet

  1. Master basic operations - Unlocking addition, subtraction, multiplication, and division is your first step to acing money word problems. Whether you're tallying up expenses or figuring out the correct change, these skills are your secret weapons. Math Money Word Problems Worksheets
  2. Conquer multi-step challenges - Layered problems can seem tricky, but breaking them into bite‑sized steps makes everything clearer. Practice by adding first, then subtracting, and watch your confidence skyrocket. Money Task Cards - Multi‑Step Word Problems
  3. Connect money with decimals & fractions - Spotting that $0.25 equals ¼ of a dollar is like discovering hidden treasure in your math toolkit. This insight makes splitting bills and calculating discounts a breeze. Math Money Word Problems Worksheets
  4. Decode key problem terms - Words like "total," "difference," "each," and "split" are your clue magnets. Knowing how to translate these into math operations turns confusing questions into straightforward tasks. Math Money Word Problems Worksheets
  5. Shop savvy with cost & change - Pretend you're in your favorite store calculating the bill and making sure you get the right change back. These real‑world scenarios build practical skills and keep your study sessions lively. Shopping Word Problems for Grade 3
  6. Bring real-life scenarios to practice - From buying snacks to saving up for gadgets, applying money math to everyday events makes learning stick. These problems turn abstract numbers into relatable stories. 16 Money Word Problems with Solutions and Answers
  7. Solidify learning with worksheets - There's no better way to cement new skills than repetitive practice. Grab a variety of problems to test different concepts and watch your accuracy improve. Third Grade Money Math Worksheets
  8. Level up with fun coin challenges - Games like the "Row of Coins Challenge" test your reasoning in a playful way. Turning study time into game time keeps motivation high and minds sharp. Money Worksheets 3rd Grade - Money Challenges
  9. Convert like a currency chameleon - Quick conversions between pennies, nickels, dimes, and quarters (and their dollar equivalents) are essential. This agility helps you tackle any mix of bills and coins that comes your way. Worksheet on Third Grade Money
  10. Build confidence with mixed operations - Combine addition, subtraction, multiplication, and division in one problem to boost your versatility. The more varied the practice, the more fearless you'll become with money math. Money Word Problems (Worksheets, Printable, Online, Answers)
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