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British money There are 100 pence in a pound. Sums of money | Learn English with us

British money

There are 100 pence in a pound. Sums of money are named as follows:
1p one penny (informal one p (/piː/) (OR a penny))

5p five pence (informal five p)

£3.75 three pounds seventy-five (pence) OR (more formal) three pounds and seventy-five pence

Some people now use the plural pence as a singular in informal speech; pound is sometimes used informally as a plural.
That’s two pounds and one pence, please.
It cost me eight pound fifty.

Singular forms are used in expressions like a five-pound note. However, pence is often used instead of penny (a five-pence stamp).

American money

There are 100 cents (¢) in a dollar ($). One-cent coins are called pennies; five-cent coins are nickels; ten-cent coins are dimes; a twenty-five cent coin is a quarter.

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