Question

One Rupee is equal to how much Paise?

Answer 1

Hint: Here this question belongs to the unit conversion topic. This means that we have to convert the amount of money from one denomination to another. Here we should know the conversion rate to convert one denomination to another. So, to convert the amount of money from one denomination to another, we multiply the conversion rate of the two denominations by a suitable number. In India we use rupees and praise as money.

Complete step by step answer:
Conversion from Rupees to paise and from paise to Rupees is based on the basic fact that,
\[1\] Rupee =\[100\] paise .
Therefore Rs \[1.00\] = Rs \[1.00\]\[ + 00\] paise
\[ \Rightarrow \] Rs \[1.00\] = \[\left( {1 \times 100} \right)\] paise \[ + \] \[00\] paise
\[ \Rightarrow \] Rs \[1.00\] = \[100\] paise

Hence \[1\] rupee is equal to \[100\] paise.

Additional information: A currency is the system of money used in a country. It is a medium of exchange for goods and services. In short , its money is used in the form of paper or coins usually issued by a government and generally accepted as its face value as the method of payment.

In India we use rupees and Paise as money. In our daily life we purchase the required things from a shop and pay money to the shopkeeper for the purchased thing. Money comes in notes and coins of different values. Notes and coins come in different sizes, shapes and colors making it easier to identify them. In India the currency note is known as Rupee and the coin is known as Paise.

Note: To convert rupees and paise into paise we should not forget to remove the point. We should mention the symbol Re or Rs on the left of the number so given in rupees and we should mention paise on the right of the number so obtained. Multiplying both sides of a given equation by the same number does not alter the equality.