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Maths•Financial Maths & Money Sense

Budgets, Exchange Rates & Sharing Money

Junior High 8 questions
AI-drafted from platform data — specialist review scheduledBy DigiTransact Mastermind editorial teamLast updated
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What budgets, exchange rates & sharing money means

You learn to split money fairly, change one currency into another, and set money aside for different needs. These skills help you handle daily spending, family plans, and exam questions with confidence.

What you will practise

  • Share money in a given ratio and find one person's share
  • Change foreign currency into cedis using a given exchange rate
  • Work out parts of a household budget from percentages
  • Solve word problems with money from real-life situations

Before you start

You should be comfortable with ratio, percentage, multiplication and division. You also need to read money amounts correctly in cedis and other currencies.

Not confident yet? Work through Simple Interest, Discounts & Commission first.

Worked example

One question from this skill's own question bank, shown with its full working.

Question

Efua and Yaw share GH₵360 in the ratio 4:5. How much does Yaw receive?

  • GH₵160
  • GH₵180
  • GH₵200
  • GH₵220
Answer: GH₵200

Working: Total parts = 9; one part = 40; Yaw gets 5 × 40 = GH₵200.

Common mistakes to avoid

  • Adding the ratio numbers wrongly before finding one part. Check the total parts first.
  • Multiplying by the exchange rate the wrong way round. Match the units carefully.
  • Finding a percentage without first changing it into a fraction or decimal. Use the correct method.
  • Forgetting that budget amounts come from the total income. Start with the full amount before taking a share.

Curriculum and exam alignment

Ghana GES Basic 7 to 9 syllabusBECE

This topic normally appears in the money and consumer arithmetic parts of Junior High School Mathematics. It supports BECE-style questions on sharing, budgeting and currency conversion in everyday contexts.

Curriculum notes are a general guide to where this work normally sits. Always check the syllabus your school or examination body is currently using.

Related skills

Other Financial Maths & Money Sense skills in Maths, at the same point in the course.

Other Maths topics

Picture Addition & SubtractionEarly NumeracyNumber BasicsSHS Core MathematicsUniversity MathematicsAlgebra

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Exams that assess budgets, exchange rates & sharing money

Junior High work on this skill feeds directly into these exam papers. Each page lists the Maths topics that appear on it.

BECEBECE practice questionsFree BECE practice across the subjects at this stage, with worked answers.GESGES practice questionsFree GES practice across the subjects at this stage, with worked answers.WASSCEWASSCE practice questionsListed as a related subject on the WASSCE practice page.

How this page was produced

This text was drafted with AI assistance from the questions and topics already stored on the platform. A subject-specialist review is scheduled but has not yet been recorded, so we do not claim it here.

Written by
DigiTransact Mastermind editorial team
Human review
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Practise budgets, exchange rates & sharing money

8 questions with a worked answer after every attempt, and a SmartScore that tracks how close you are to mastery.

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