Grade 2 money word problems worksheet from K5 Learning, including scenarios with bills, coins, and transactions.

Let’s solve each problem one at a time, step by step.

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Problem 1: Lucas has 2 one-dollar bills, 3 dimes and 3 nickels. How much money does Lucas have?

First, let’s remember the value of each coin and bill:

- 1 one-dollar bill = $1.00
- 1 dime = $0.10 (10 cents)
- 1 nickel = $0.05 (5 cents)

Now calculate:

→ 2 one-dollar bills = 2 × $1.00 = $2.00

→ 3 dimes = 3 × $0.10 = $0.30

→ 3 nickels = 3 × $0.05 = $0.15

Now add them all together:

$2.00 + $0.30 = $2.30
$2.30 + $0.15 = $2.45

✔ So Lucas has $2.45

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Problem 2: Scarlett has $5.60, and her sister gives her 2 quarters. How much money does Scarlett have?

Remember: 1 quarter = $0.25

So 2 quarters = 2 × $0.25 = $0.50

Scarlett originally had $5.60. Add the $0.50:

$5.60 + $0.50 = $6.10

✔ So Scarlett now has $6.10

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Problem 3: Owen has $2.35, and he spends 1 dime and 3 nickels. How much money does he have?

He is spending money, so we subtract.

First, find out how much he spent:

→ 1 dime = $0.10
→ 3 nickels = 3 × $0.05 = $0.15

Total spent = $0.10 + $0.15 = $0.25

Now subtract from what he had:

$2.35 - $0.25 = $2.10

✔ So Owen now has $2.10

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Final Answer:
1. $2.45
2. $6.10
3. $2.10