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.