Subtraction of Amounts of Money

Money amounts can be shown in numerous fashions. You can show cents via a \(¢\) sign and show dollars via a \($\) sign.

Subtraction of money is comparable to the addition of money — the precise steps are followed, but you subtract instead of adding the numbers.

Related Topics

• Word Problems Involving Money
• Addition of Money Quantities
• Addition of 3-Digit Numbers
• Addition of Hundreds

Whenever doing subtraction of money, cents are subtracted first, after that do dollars, and keep moving from right to left. Do not forget at the time you’ll have to do borrowing!

Use the following steps:

1. Line up your numerals so the ones, the tens, the hundreds, and the thousands are each under the corresponding numeral. The biggest number ought to be on top while the lesser number is put at the bottom
2. Begin doing subtraction in the column to the right. Then move to the left, and as needed do borrowing and regrouping.
3. Write your answer precisely underneath the column of the corresponding figure and place a \($\) or \(¢\) sign in front of the answer.

Subtraction of Amounts of Money – Example 1:

Subtract

\(\begin{array}{r} &$533\\ -\!\!\!\!\!&$412\\ \hline \end{array} \)

Solution:

First line up the numbers: \(\begin{array}{r} &$533\\ -\!\!\!\!\!&$412\\ \hline \end{array}→ \) subtract the numerals in the ones’ spot column \((3 – 2 = 1)\) and put the resulting answer under the line. \(\begin{array}{r} &$533\\ -\!\!\!\!\!\!&$412 \\ \hline \end{array} \\ \ \ \ \ \ \ \ \ \ \ \ \ 1\) , Continue with tens’ place. \(3 \ – \ 1=2\), \(\begin{array}{r} &$533\\ -\!\!\!\!\!\!&$412 \\ \hline \end{array} \\ \ \ \ \ \ \ \ \ \ \ 2\). Subtract the numerals in the hundreds’ spot column then out this answer under the line, \(5 \ – \ 4=1\), \(\begin{array}{r} &$533\\ -\!\!\!\!\!\!&$412 \\ \hline \end{array} \\ \ \ \ \ \ \ \ \ 1\). \(\begin{array}{r} &$533\\ -\!\!\!\!\!\!&$412 \\ \hline \end{array} \\ \ \ \ \ \ \ $121\)

Subtraction of Amounts of Money – Example 2:

Subtract

\(\begin{array}{r} &$767\\ -\!\!\!\!\!&$345\\ \hline \end{array} \)

Solution:

First line up the numbers: \(\begin{array}{r} &$767\\ -\!\!\!\!\!&$345\\ \hline \end{array}→ \) subtract the numerals in the ones’ spot column \((7 – 5 = 2)\) and put the resulting answer under the line. \(\begin{array}{r} &$767\\ -\!\!\!\!\!\!&$345 \\ \hline \end{array} \\ \ \ \ \ \ \ \ \ \ \ \ \ 2\) , Continue with tens’ place. \(6 \ – \ 4=2\), \(\begin{array}{r} &$767\\ -\!\!\!\!\!\!&$345 \\ \hline \end{array} \\ \ \ \ \ \ \ \ \ \ \ 2\). Subtract the numerals in the hundreds’ spot column then out this answer under the line, \(7 \ – \ 3=4\), \(\begin{array}{r} &$767\\ -\!\!\!\!\!\!&$345 \\ \hline \end{array} \\ \ \ \ \ \ \ \ \ 4\). \(\begin{array}{r} &$767\\ -\!\!\!\!\!\!&$345 \\ \hline \end{array} \\ \ \ \ \ \ \ $422\)

Exercises for Subtraction of Amounts of Money

Subtract

1. \(\color{blue}{$885-$644}\)
2. \(\color{blue}{$378-$154}\)
3. \(\color{blue}{$928-$671}\)
4. \(\color{blue}{$469-$234}\)

1. \(\color{blue}{$241}\)
2. \(\color{blue}{$124}\)
3. \(\color{blue}{$257}\)
4. \(\color{blue}{$235}\)