Converting Paise Into Rupees: Check Methods and Formulas

Converting Paise Into Rupees: Most of us use rupees as our unit of discretionary spending. We often talk about ‘rupee par value,’ but do we know the basics of currency conversion and some conversion rules? We see the numbers beside the pictures of items, using terms such as buy, sell, sale, cost, price and dollars. We learned about paise and rupees and converting paise into rupees as kids.

In mathematics, money can be defined as the medium of exchange, such as notes, coins, demand deposits etc., used to pay for commodities and services. We all know that 1 rupee equals 100 paise. The symbol of the Indian Rupee is \(₹\), and INR denotes the Indian rupee, which is the country’s official currency. If we do not have the exact amount of money, we need a combination of money or money conversion to make a payment.

What is Money?

Money is what we give for purchasing food, toys, candy, tickets for the movies, shopping, paying, and renting a house. We give money for purchasing anything. We give money in return for buying these things or anything. This means money is anything that people use to pay for services and goods and to pay people for their work. 

Traditionally, money has taken different forms in different cultures, everything from salt, stones, and beads to gold, silver, and copper coins and, more recently, virtual currency has been used. 

A currency is the system of money used in a country. ‘Rupee’ is the Indian currency. The symbol of the rupee is \(₹.\) The Rupee is a combination of Paise.

The ‘US dollar’ is the official currency of the United States of America. Like this, every country has a different currency.

Formulas for Converting Paise Into Rupees

Sometimes, we need to convert the money into different forms. Money can be converted into two forms.

• Converting rupees into paise.
• Converting paise into rupees.

Formulas:

\(1\) rupee \(=100\) paise

\(100\) paise \(=1\) rupee

\(1\) paise \( = \frac{1}{{100}}\) rupees

Example 1

To convert rupees into paise, multiply rupees by \(100.\)

For example: convert \(5\) rupees into paise.

We know that \(1\) rupee \(=100\) paise

Now, \(5\) rupees \(=5×100=500\) paise

Hence, \(5\) rupees is \(500\) paise

Example 2

For converting paise into rupees, divide the paise by \(100.\)

For example: convert \(800\) paise into rupees.

We know that \(100\) paise \(=1\) rupee

So, \(1\) paise \( = \frac{1}{{100}}\) rupees

Now, \(800\) paise \( = \frac{{800}}{{100}} = 8\) rupees

Hence, \(800\) paise is \(8\) rupees

1. For converting paise into rupees :

Put a decimal point after two digits from the right.

                                                                         OR

Count two digits from the right and put a point and also write \({\rm{Rs}}{\rm{.}}\) or \({\rm{Re}}{\rm{.}}\) in the beginning.

Remove the point and then remove \({\rm{Rs}}{\rm{.}}\) or \({\rm{Re}}{\rm{.}}\) and write the paise at the end.

                                                                      OR

Shift the decimal point to two places to the right.

Representation of Money in Terms of Coins and Notes

Coins with denominations \(1, 2, 3, 5, 10, 20\) and \(25\) were in use until some time ago, which became obsolete with time.

Some of the coins that are used nowadays are given below,

Apart from the above coins of denominations of \(₹\;20, ₹\;50, ₹\;60, ₹\;75, ₹\;100, ₹\;125, ₹\;150, ₹\;200, ₹\;500,\) and \(₹\;1000,\) introduced by the Government of India from time to time are present, but not used in practice much. Those are shown below.

Some of the notes that are currently in use are given below:

Rules for Writing Money in Words and Figures

• The abbreviation used for a rupee is \({\mathop{\rm Re}\nolimits} \) and for \(1\) rupee it is \({\mathop{\rm Re}\nolimits} .1\)
• Rupees is written in short, as \({\rm{Rs}}{\rm{.,}}\) as \(5\) rupees is written as \({\rm{Rs}}.\,{\rm{5}}\)
• For paisa we write \({\rm{p}}.\) It is written after the number of paise
  Example:
  \(10\) paisa is written as \({\rm{10}}\,{\rm{p}}\)
  \(5\) paisa is written as \({\rm{5}}\,{\rm{p}}\)
• Suppose we need to write a sum of money involving both rupees and paisa. So, to express an amount consisting of both rupees and paisa, we use a decimal point. The numeral indicating rupees is written before this point, and the numeral indicating paisa is written after the point. We write \({\rm{Rs}}{\rm{.}}\) before the number of numerals.
  Example:
  \(20\) rupees \(50\) paisa is written as \({\rm{Rs}}.\,{\rm{20}}.{\rm{50}}\)
  \(4\) rupees \(25\) paisa is written as \({\rm{Rs}}.\,{\rm{4}}.{\rm{25}}\)
  \(100\) rupees \(50\) paisa is written as \({\rm{Rs}}.\,{\rm{100}}.{\rm{50}}\)
• If the given number of paisa is in one digit, then it is made a two-digit numeral by putting \(0\) before the single digit.
  \(2\) rupees \(5\) paisa is written as \({\rm{Rs}}.\,{\rm{2}}.{\rm{05}}\)
  \(15\) rupees \(7\) paisa is written as \({\rm{Rs}}.\,{\rm{15}}.{\rm{07}}\)
• If the money is only in rupees, it is written as
  \(5\) rupees \({\rm{ = Rs}}.\,{\rm{5}}\) or \({\rm{Rs}}.\,{\rm{5}}.{\rm{00}}\)
• If the money is only in paisa, it is written
  as \(45\) paisa \({\rm{ = Re}}.\,{\rm{0}}.{\rm{45}}\) or \({\rm{45}}{\mkern 1mu} \,{\rm{p}}\)

Facts

1. Rupees are greater than paise. So, to convert rupees into paise, multiply by \(100.\) and for converting paise into rupees, divide it by \(100.\)
2. We should always use two digits to express paise.
Example: \(5\) paise can be written as \(0.05\) paise, and \(90\) paise can be written as \(0.90\) paise.

Practice Problems on Paise to Rupees Converter

Below are a few practice problems that can help in getting a better idea.

Q.1. Convert \(125\) paise into rupees
Ans: Here, we need to convert \(125\) paise into rupees.
We know that
\(100\) paise \(=1\) rupee
So, \(1\) paise \( = \frac{1}{{100}}\) rupees
Now,
\(125\) paise \(=125×1\) paise
\( = 125 \times \frac{1}{{100}}\) rupees
\(=1.25\) rupees
\(=1\) rupee \(25 \) paise
Hence, \(125\) paise is \(1.25\) rupees or \(1\) rupee \(25\) paise.

Q.2. Convert \(87\) paise into rupees.
Ans: Here, we need to convert \(87\) paise into rupees.
We know that
\(100\) paise \(=1\) rupee
So, \(1\) paise \( = \frac{1}{{100}}\) rupees
Now,
\(87\) paise \(=87×1\) paise
\( = 87 \times \frac{1}{{100}}\) rupees
\(=0.87\) rupees
Hence, \(87\) paise is \(0.87\) rupees.

Solved Examples

Below are a few solved examples that can help in getting a better idea.

Q.1. Convert \(455\) paise into rupees.
Ans: Here, we need to convert \(455\) paise into rupees.
We know that to convert paise into rupees put decimal point before two digits from the right. (Trick)
Now, \(455\) paise \(=4.55\) rupees (after moving decimal point before two digits from the right)
Hence, \(455\) paise is \(4.55\) rupees or \(4\) rupees \(55\) paise or \({\rm{Rs}}{\rm{.455}}\) or \(₹\; 4.55.\)

Q.2. Convert \(25\) paise into rupees.
Ans: Here, we need to convert \(25\) paise into rupees.
We know that
\(100\) paise \(=1\) rupee
So, \(1\) paise \( = \frac{1}{{100}}\) rupees
Now,
\(25\) paise \(=25×1\) paise
\( = 25 \times \frac{1}{{100}}\) rupees
\(=0.25\) rupees
Hence, \(25\) paise is \(0.25\) rupees.

Q.3. Convert \(8\) rupees into paise.
Ans: Here, we need to convert \(8\) rupees into paise.
To convert rupees into paise, multiply the rupees by \(100.\)
We know that \(1\) rupee \(=100\) paise
Now, \(8\) rupees \(=8×100\) paise \(=800\) paise.
Hence, \(8\) rupees is \(800\) paise.

Q.4. Convert \(11.06\) rupees into paise.
Ans: Here, we need to convert \(11.06\) into paise.
We know that to convert rupees into paise, shift the decimal point to two places to the right. (Trick)
Thus, \(11.06\) rupees\(=1105\) paise
Hence, \(11.06\) rupees is \(1106\) paise.

Q.5. Convert \({\rm{Rs}}{\rm{.}}\,{\rm{12}}{\rm{.00}}\) into paise.
Ans: Here, we need to convert \({\rm{Rs}}{\rm{.}}\,{\rm{12}}{\rm{.00}}\) into paise.
We know that to convert rupees into paise, shift the decimal point to two places to the right. (trick)
Thus, \({\rm{Rs}}{\rm{.}}\,{\rm{12}}{\rm{.00 = 1200}}\) paise
Hence, \({\rm{Rs}}{\rm{.}}\,{\rm{12}}{\rm{.00}}\) is \(1200\) paise.

Summary

In this article, we learnt about the concept of money, the currency of India, different representations of coins and notes, and how to convert money into various forms like: 

• Method of converting paise into rupees
• How to convert rupees into paise
• What is the formula used for conversion
• Facts, notes of conversion and some solved problems

We hope it will help you to clear all your doubts.

FAQs on Converting Paise Into Rupees

Q.1. How do you write \(50\) paise in rupees?
Ans: We know that \(100\) paise \(=1\) rupee
\(1\) paisa \( = \frac{1}{{100}}\) rupees
Now, \(50\) paise \( = \frac{{50}}{{100}}\) rupees \(=0.50\) rupees
Hence, \(50\) paise is \(0.50\) rupees.

Q.2. Explain converting paise into rupees with an example?
Ans: We know that, \(1\) rupee \(=100\) paise
To convert paise into rupees, divide paise by \(100.\)
(Shortcut: To convert paise into rupees put decimal points before two digits from the right)
Example: Convert \(600\) paise into rupees.
The given paise \(=600\) paise
Now, to convert paise into rupees, put decimal points after two digits from the right.
That is, \(600\) paise \(=6.00\) rupees or \({\rm{ = Rs}}{\rm{.}}\,6\) or \(₹\; 6.00.\)
Hence, how to convert paise into rupees explained above with an example.

Q.3. How many coins of \(50\) paise will be there in \({\rm{Rs}}{\rm{.}}\,5\)?
Ans: Here, we need to find the number of \(50\) paise coins in \({\rm{Rs}}{\rm{.}}\,5\).
We know that \({\rm{Rs}}{\rm{.}}\,1{\rm{ = 100}}\,\) paise
Now, \({\rm{Rs}}{\rm{.}}\,5{\rm{ = 500}}\) paise
The number of \(50\) paise coins \( = \frac{{500}}{{50}} = 10\)
Hence, \(10\) coins of \(50\) paise will be there in \({\rm{Rs}}{\rm{.}}\,5.\)

Q.4. What is the ratio of \(50\) paise to \(5\) rupees?
Ans: Here, we need to find the ratio of \(50\) paise to \(5\) rupees.
The ratio is always taken between quantities having the same units and it has no unit.
As the two quantities are not in the same units, one in paise and another in rupees, we need to convert them into one unit first.
We know that \(1\) rupee \(=100\) paise
So, \(5\) rupees \(=5×100\) paise \(=500\) paise
Now, the ratio \( = \frac{{50}}{{500}} = \frac{1}{{10}} = 1:10\)
Hence, the ratio of \(50\) paise to \(5\) rupees is \(1:10.\)

Q.5. How many \(5\) paise are there in a rupee?
Ans: Here, we need to find the number of \(5\) paise coins in \({\rm{Rs}}{\rm{.}}\,1.\)
We know that \({\rm{Rs}}{\rm{.}}\,1{\rm{ = 100}}\) paise
Now, the number of \(5\) paise coins \( = \frac{{100}}{5} = 20\)
Hence, there are \(20\) coins of \(5\) paise in a rupee.

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