Fraction of a Dollar

Contributor: Erika Wargo. Lesson ID: 12643

Pennies, nickels, dimes, quarters. They are different sizes, and they are different fractions of a dollar. You will learn about fractions and finance with money games and an interactive fraction quiz!

categories

Elementary

subject
Math
learning style
Visual
personality style
Otter
Grade Level
Intermediate (3-5)
Lesson Type
Skill Sharpener

Lesson Plan - Get It!

Audio:

Jenny has two quarters and Paul has five dimes. Who has more coins? Who has more money?

When writing amounts of money, two forms can be used: cents and dollars.

  • To write cents, use a cent sign and do not use a decimal point with it. A quarter is worth 25 cents, or 25¢.
  • To write dollars, use a decimal point and dollar sign, $1.00. A decimal point is also used to show fractions of a dollar. A fraction is part of a whole, so "a fraction of a dollar" is a part of a dollar. A quarter, or $0.25, means “twenty-five hundredths of a dollar,” which is a fraction of a dollar equal to 25 cents.

Discuss with a parent or teacher the name and value of each coin below:

Now that you have discussed the name and value of each coin, let’s look at what “fraction of a dollar” each coin is. Think about how many parts equal a whole. In this case, the parts are the coins and the whole is the dollar:

Name of Coin Coin Value "Fraction of a Dollar"
penny $0.01 1/100
nickel $0.05 5/100
dime $0.10 10/100
quarter $0.25 25/100

 

Discuss with a parent or teacher:

  • How many pennies equal a dollar?
  • How many nickels equal a dollar?
  • How many dimes equal a dollar?
  • How many quarters equal a dollar?

Now use the table above to work through the examples below:

Example
A penny is what fraction of a dollar?

Since 100 pennies equals one dollar, then one penny is 1/100 of a dollar.

Example
A dime is what fraction of a dollar?

Since ten dimes equals one dollar, then one dime is 1/10 of a dollar.

Example
Three quarters are what fraction of a dollar?

Four quarters equal a dollar, so each quarter is ¼ of a dollar. Three quarters would be ¼ + ¼ + ¼ , or ¾ of a dollar.

Watch this short explanation on Fractions of a Dollar (Quarters):

 

Discuss with a parent or teacher how many quarters would make a dollar.

  • How many pennies make up a dollar?
  • How do you determine "the fraction of a dollar" that a certain coin is?

Now, you will move on to the Got It? section to complete interactive practice with fractions of a dollar.

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