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LEARNING OBJECTIVES
LEARNING OBJECTIVES
Learning Targets:
• Recognize Philippine coins and bills up to ₱1,000
• Read and write money in symbols and in words through ₱1,000 in pesos and centavos
DISCUSSION
DISCUSSION
In the Philippines, the currency is the Philippine peso. The Bangko Sentral ng Pilipinas (BSP) has the sole power and authority to issue currency within the territory of the Philippines.
We use six bank notes, also called bills. The following are the current bills in circulation. The design features famous Filipinos and natural wonders in the country.
When writing amounts of money of Philippine bills, write the Philippine peso sign (₱) before the amount. Use a decimal point to separate pesos and
centavos.
When reading amounts of money, remember that the number before the decimal point represents the peso amount. The number after the decimal point represents the centavo amount. For example, ₱25.50 is read as twenty-five pesos and fifty centavos. Likewise, ₱200.10 is read as two hundred pesos and ten centavos.
To find the value of a group of notes, simply apply counting forward and backward in 20s, 50s, 100s, 200s, 500s, and 1,000s. Remember how to add whole numbers.
Example 1: How much money is shown?
Example 4: How will you read ₱256.25?
ASSESSMENT
ASSESSMENT
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