Introduction

Time and money are essential concepts in daily life. Understanding time helps in managing schedules, while money is used for transactions and savings.

Understanding Time

Units of Time

• 1 minute = 60 seconds
• 1 hour = 60 minutes
• 1 day = 24 hours
• 1 week = 7 days
• 1 month = 30 or 31 days (except February)
• 1 year = 12 months

Reading a Clock

Clocks show time using hour and minute hands. A digital clock displays time in numbers.

Conversion of Time

• Convert minutes to hours by dividing by 60.
• Convert hours to days by dividing by 24.

Understanding Money

Currency

Money is used for buying and selling. Indian currency includes rupees (₹) and paise.

Units of Money

• 1 rupee = 100 paise
• Notes: ₹10, ₹20, ₹50, ₹100, ₹200, ₹500, ₹2000
• Coins: ₹1, ₹2, ₹5, ₹10

Basic Money Operations

• Addition: Used to find the total amount.
• Subtraction: Used to find the balance amount.
• Multiplication: Used to calculate the cost of multiple items.
• Division: Used to distribute money equally.

Applications of Time and Money

• Scheduling daily activities.
• Budgeting expenses.
• Calculating discounts and bills.

Conclusion

Time management and money management are crucial life skills. Understanding these concepts helps in making smart decisions in everyday life.