How to Convert Paise Into Rupees Using Decimal

In ancient times, people traded using gold and silver before there was anything known as money or currency. The word rupee, also called rupaya, rupaye or rupiya is derived from a Sanskrit word that means Silver Coin. The rupee is denoted as ‘INR,’ an abbreviated form of ‘Indian Rupee.’ Rupees are made up of 100 paise. These 100 paise in each rupee are used as 100 parts of a fraction or decimal. There are many ways to represent this distinction and convert it from one to another.

Representation of Money

Indian Currency, the rupee, has many forms of representation. It can be denoted as ‘INR,’ the Indian rupee or with the symbol of rupees ₹. When the symbol of rupee ₹ cannot be used, one can use the abbreviated form of rupees, that is, ‘Rs.’ Rupees are divided into one hundred paise that can be represented in decimal forms.

Representation of 100 paise makes 1 rupee

Use of Decimal to Represent Money

Any currency can be represented using decimals since they are all multiples of 100.

Like, $1 = 100 cents

Similarly, ₹1 = 100 paise

∴ 1 paisa = ₹\[0.01\]

How to Use Decimals to Represent Money?

If one wants to describe the money they have in rupees and paise, they must not say they have ‘x’ rupees and ‘y’ paise.

Decimals come in handy in such situations.

Solved Examples of Using Decimals to Represent Money:

Q1. How to write ₹15 and 25 Paise?

Ans. ₹15.25

Q2. How to write ₹45 and 67 Paise?

Ans. ₹45.67

Q3. How much is ₹34.89?

Ans. ₹34 and 89 Paise

How to Convert Paise Into Rupee Using Decimals?

To convert paise into rupees or vice versa, one must be familiar with the conversion number line. Moving two places to the right makes the unit smaller and increases the face value by 100 folds simultaneously. Similarly, moving two places to the left makes the unit bigger but reduces the face value 100 times.

For Example,

₹100.0 = 10000 paise.

Here, the face value of the number increased from 100 to 10000, whereas the unit became smaller, from rupees to paise.

Similarly,

1000 paise = ₹ 10.00.

Here, the face value of the number decreased, whereas the unit's value increased.

Therefore, to convert paise into rupees, one must remember to move two decimal places to the left, which can also be seen as multiplying the number by 100.

∴ Rupees x 100 = Paise & $\frac{Paise}{100}$= Rupees

Solved Examples of Converting Paise Into Rupees

Q1. How to write ₹25 and 250 Paise?

Ans. 1 rupee = 100 paise

∴ 250 paise can be divided into 2 rupees and 50 paise

∴ We have $25+2$rupees and 50 paise

∴ We can say we have ₹27.50

Q2. How many rupees is 50000 paise?

Ans. $\frac{Paise}{100}$= Rupees

∴ $\frac{50000}{100}$= ₹500

Q3. Convert ₹ 34.78 into paise

Ans. $34.78\times 100=3478$paise