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Money word problems worksheet for students to practice solving real-life financial scenarios with coins and bills.

A worksheet titled "Money Word Problems" with five math word problems involving coins and currency, designed for students to solve using equations or drawings.

A worksheet titled "Money Word Problems" with five math word problems involving coins and currency, designed for students to solve using equations or drawings.

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Show Answer Key & Explanations Step-by-step solution for: Solving Money Word Problems Worksheet
Let's solve each of the money word problems step by step.

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1. When mom vacuumed the couch she found 6 pennies, 5 nickels, and 3 dimes. How much money did mom find?



Step 1: Recall the value of each coin:
- Penny = 1¢
- Nickel = 5¢
- Dime = 10¢

Step 2: Calculate total for each type:
- 6 pennies = 6 × 1¢ = 6¢
- 5 nickels = 5 × 5¢ = 25¢
- 3 dimes = 3 × 10¢ = 30¢

Step 3: Add them up:
6¢ + 25¢ + 30¢ = 61¢

Answer: 61¢ or $0.61

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2. Sue and Belle collected money for the rescue shelter. At the end of the day they had $7.00 in bills, $2.25 in quarters, and 90¢ in dimes. How much money did the girls collect?



Step 1: Add all amounts:
- Bills: $7.00
- Quarters: $2.25
- Dimes: 90¢ = $0.90

Step 2: Add:
$7.00 + $2.25 + $0.90 = $10.15

Answer: $10.15

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3. The chocolate bar I want to buy for my dad costs $3.00. I have $5.00. How much change will I get back?



Step 1: Subtract cost from amount you have:
$5.00 − $3.00 = $2.00

Answer: $2.00

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4. When I left the house, I had $4.35 in my pocket. I lost a quarter and a dime. How much money do I have left?



Step 1: Value of coins lost:
- Quarter = 25¢
- Dime = 10¢
Total lost = 25¢ + 10¢ = 35¢ = $0.35

Step 2: Subtract from original amount:
$4.35 − $0.35 = $4.00

Answer: $4.00

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5. Mark has 5 dimes and 3 nickels. Steve has 2 quarters and 9 pennies. Who has more money? How much more?



Step 1: Calculate Mark’s money:
- 5 dimes = 5 × 10¢ = 50¢
- 3 nickels = 3 × 5¢ = 15¢
- Total = 50¢ + 15¢ = 65¢

Step 2: Calculate Steve’s money:
- 2 quarters = 2 × 25¢ = 50¢
- 9 pennies = 9 × 1¢ = 9¢
- Total = 50¢ + 9¢ = 59¢

Step 3: Compare:
Mark has 65¢, Steve has 59¢
Difference = 65¢ − 59¢ =

Answer: Mark has more money. He has 6¢ more.

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Final Answers:



1. 61¢
2. $10.15
3. $2.00
4. $4.00
5. Mark has 6¢ more

Let me know if you'd like these written out with drawings or equations!
Parent Tip: Review the logic above to help your child master the concept of worksheet word problems.
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