Lesson Plan

Money in the Bank

Main Subject Area: Mathematics

Duration of Lesson:  30 minutes

Keywords:

• Cent
• Coin Combinations
• Counting
• Dime
• Math Games
• Money
• Nickel
• Penny
• Quarter

Brief Description:

Students will play a game involving the creation of different coin combinations using cents (pennies), nickels, dimes and quarters.

National Standard(s):

• Number and Operations
• Problem Solving

Additional Subject Area Standard(s):

Objectives:

Students will determine coin combinations for specific amounts.

Students will recognize and express the value using cent notation of penny, nickel, dime, and quarter.

Students will add coin amounts together.

Materials (online):

Materials (offline):

For each pair you need:

Coin/value card sets with coin amounts written on one side and the number of coins required to make the combination listed on the other side (i.e. 45 cents --- 3 coins) - Make one set and then photocopy for ease and laminate for durability.

A handful of play coins of each denomination: cents (pennies), nickels, dimes and quarters

For each student you need a container to be the “Bank”

Coins Used in Lesson:

Currently circulating U.S. cents (pennies), nickels, dimes and quarters

Grade Level(s):   K-2  

Procedures (online):

Procedures (offline):

1. Divide class into student pairs and distribute materials to each pair.

2. Explain the following rules to the students: One child chooses a card and names the exact combination of coins that is needed to match what is shown on the card. The student uses play coins to create this coin combination. Their partner checks to make sure the amount is correct. The first student drops the coins into the bank.

3. Play continues until four turns are completed.

4. The students add the money in their banks. The winner is the person with the most money in the bank. (Alternately, the winner could be the student who completed the most turns correctly.)

Assessment / Evaluation:

You can check students’ understanding by giving them a worksheet with the same amounts and combinations that were on the cards. Students can record their answers on the worksheet.

Differentiated Learning Options:

For less advanced students, work only with one type of coin denomination at a time. Create cards that only list the coin amounts and have the students build that combination using the coins being discussed.