Moneyville Learns about Place Value

1. Moneyville Learns about Place Value By Kay McCullough

2. N.ME.04.03 Understand the magnitude of numbers up to 1,000,000 (Magnitude means how large a number is.) Recognize the place values of numbers and the relationship of each place value to the place to its right, e.g., 1,000 is 10 hundreds.

3. Moneyville was a small town with one huge problem.

4. Money was everywhere!

5. It was raining one dollar bills. One dollar bills were growing on trees. One dollar bills were pouring out of faucets.

6. So what is the problem with that, you say?

7. They had no banks to hold their money.

8. The people worried and thought, “What are we going to do with all of this money everywhere?“

9. Ronald was a thinker. He loved school, and he loved to use what he learned in school.

10. On Ronald’s way home from school, Ronald heard the townspeople discussing their problem.

11. “Why don’t you put your money in the bank in Rankin?” Ronald suggested.

12. The people cheered, “What a wonderful idea!” .

13. Silly Silo right away collected $3,243.

14. Silly Silo did not like touching money.

15. He started to run toward the Rankin Bank using his dollar carrier to take his $3,243 to the bank.

16. Ronald knew that even taking short cuts would take one day to run to Rankin and back.

17. “Wait!” shouted Ronald.

18. Ronald shook his head. “That will take 3,243 days to take your money to the bank.”

19. Silly Silo asked, “What should I do? That will take too long.”

20. Ronald thought aloud about place value. “Let’s see! A wallet will take ten dollars at a time.”

21. Ronald remembered to take one digit to the right off for stacks of ten.

22. Ronald thought 3,243 has 324 stacks of ten to go in the wallet.

23. Silly Silo started to run off again.

24. Ronald shouted, “Stop Silo! $3,243 in stacks of ten will take you 324 days to run your wallet to Rankin.”

25. Ronald asked, “Do you have something larger to put your money in?”

26. Silly Silo relied, “Yes, I have my lock box.”

27. Ronald thought aloud about place value. “Let’s see! A lock box will take one hundred dollars at a time.”

28. Ronald remembered to take two digits to the right off for stacks of one hundred

29. Ronald thought 3,243 has 32 stacks of one hundred to go in the lock box.

30. Ronald continued to think about place value.

31. Ronald thought $3,243 = 32 hundreds 4 tens 3 ones

32. Ronald said, “I still think that we can do better. Do you have anything larger to carry your money?” 32 hundreds

33. Silo replied, “Yes, I have a wagon.”

34. Ronald figured one wagon carried ten hundreds .”

35. That meant that three wagons would carry 30 hundreds or three thousand dollars.

36. “Now we are getting somewhere,” Ronald said.

37. Ronald thought $3,243 = 3 thousands 2 hundreds 4 tens 3 ones

38. Again the people of Moneyville cheered. “You are so brilliant Ronald.”

39. We will take our money to the bank in Rankin.

40. Can you help Ronald figure out how to carry their money to Rankin bank?

41. Mr. Smith collected $6,954. How many sets of ten or wallets is that?

42. Ronald said, “Remember to take off one digit to the right for sets of ten.” So $6,954 = 695 sets of ten

43. Mr. Smith collected $6,954. How many sets of one hundred or lock boxes is that?

44. Ronald said, “Remember to take off two digits to the right for sets of hundred.” So $6,954 = 69 sets of hundred

45. Mr. Smith collected $6,954. How many sets of one thousand or wagons is that?

46. Ronald said, “Remember to take off three digits to the right for sets of thousand.” So $6,954 = 6 sets of thousand

47. The Jones collected $53,853 from their money tree. How many Ones Tens Hundreds Thousands Ten thousands 53,853 5385 538 53 5

48. Mr. Bradford collected $24,641 from his money tree. How many Ones Tens Hundreds Thousands Ten thousands 24,641 2464 246 24 2

49. Thank you for helping Moneyville Town