Already a member? **Login**

9,937 Reads

Multiplying money is same as multiplying whole numbers.

**Follow these steps to multiply money.**

- When multiplying money, always put the larger number (the number with more digits) on top, and the smaller number (the number with less digits) on the bottom.
- Ignore the decimal point and multiply the numbers as we do with the whole numbers.
- Count how many total digits are on the right side of the decimal points in the numbers we are multiplying.
- Place the decimal point in the answer by starting at the right and moving a number of places equal to the sum of the decimal places in both numbers multiplied.

**Let's go through few examples to understand better.**

**$38.52 x 8**

Ignore the decimal point and start by multiplying 3852 and 8.

Now, count the number of digits to the right of the decimal point of both the numbers.

$38.52 has two decimal places, while 8 has none. So, we have 2 decimal places in all .

Place the decimal point in the answer by starting at the right and moving 2 places to the right.

**$38.52 x 8 = $308.16**

**It costs $1.35 for a slice of pizza, and Brandon wants to buy 5 slices for himself and his friend. How much will this cost?**

Ignore the decimal point and start by multiplying 135 and 5.

Now, count the number of digits to the right of the decimal point of both the numbers.

$1.35 has two decimal places, while 5 has none. So, we have 2 decimal places in all .

Place the decimal point in the answer by starting at the right and moving 2 places to the right.

**So, the total cost of 5 slices of pizza is $6.75**

**Veronica makes $9.85 an hour at her new job. If she works 12 hours this week, how much money will she earn?**

Ignore the decimal point and start by multiplying 985 and 12.

Now, count the number of digits to the right of the decimal point of both the numbers.

$9.85 has two decimal places, while 12 has none. So, we have 2 decimal places in all .

Place the decimal point in the answer by starting at the right and moving 2 places to the right.

**So, Veronica earns $118.20 this week.**

Summary

- Multiplying money is same as the multiplying whole numbers.
**Follow these steps to multiply money:**- When multiplying money, always put the larger number (the number with more digits) on top, and the smaller number (the number with less digits) on the bottom.
- Ignore the decimal point and multiply the numbers as we do with the whole numbers.
- Count how many total digits are on the right side of the decimal points in the numbers we are multiplying.
- Place the decimal point in the answer by starting at the right and moving a number of places equal to the sum of the decimal places in both numbers multiplied.