← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 134 · 40 questions
TalentJR

Business tip (Save, grow, borrow carefully): Saving keeps money for later; reinvesting puts profit back into the business; spending uses it on yourself. Part of the profit = profit × percent ÷ 100. Simple interest = P × R × T ÷ 100; amount to pay back = loan + interest. Borrow only with your parents.

NameDateTime takenScore ___ / 40
  1. 1.Kabir’s stall made a profit of ₹1500. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  2. 2.Which of these is spending on yourself? (a) better paint for cards (b) a piggy bank for later (c) an emergency fund (d) a cinema ticket
  3. 3.Which of these is reinvesting in the business? (a) profit put in a bank (b) a new video game (c) buying a second juicer (d) a cinema ticket
  4. 4.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  5. 5.Which of these is reinvesting in the business? (a) a piggy bank for later (b) better paint for cards (c) profit put in a bank (d) a cinema ticket
  6. 6.📆 Why repay a loan on time? (a) it does not matter (b) to lose friends (c) to keep trust (d) to pay more interest
  7. 7.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  8. 8.Lakshmi’s stall made a profit of ₹300. Lakshmi saves 20% of it. How many rupees are saved?
  9. 9.Which of these is saving? (a) an emergency fund (b) more seeds for next time (c) a cinema ticket (d) buying a second juicer
  10. 10.Which of these is saving? (a) a cinema ticket (b) better paint for cards (c) a new video game (d) profit put in a bank
  11. 11.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) spending (c) reinvesting
  12. 12.A small family shop borrows ₹200 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  13. 13.A small family shop borrows ₹600 from a bank at 3% simple interest per year. How much interest is due after 2 years (in ₹)?
  14. 14.Vihaan’s stall made a profit of ₹200. Vihaan saves 20% of it. How many rupees are saved?
  15. 15.A small family shop borrows ₹300 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  16. 16.A small family shop borrows ₹400 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  17. 17.A small family shop borrows ₹300 from a bank at 10% simple interest per year. How much interest is due after 2 years (in ₹)?
  18. 18.🔁 Reinvesting means… (a) putting profit back in (b) spending it on games (c) hiding it (d) giving it away
  19. 19.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  20. 20.🐷 Saving, reinvesting or spending: a new video game? (a) reinvesting (b) saving (c) spending
  21. 21.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  22. 22.A small family shop borrows ₹100 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  23. 23.A small family shop borrows ₹500 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  24. 24.A small family shop borrows ₹700 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  25. 25.🏦 Interest on a loan is… (a) a discount (b) free money (c) a gift (d) the cost of borrowing
  26. 26.A small family shop borrows ₹800 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  27. 27.Which of these is saving? (a) a piggy bank for later (b) buying a second juicer (c) a new video game (d) better paint for cards
  28. 28.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) saving (c) reinvesting
  29. 29.A small family shop borrows ₹600 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  30. 30.A small family shop borrows ₹800 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  31. 31.Arjun’s stall made a profit of ₹1200. Arjun saves 20% of it. How many rupees are saved?
  32. 32.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) saving (c) reinvesting
  33. 33.💡 Before borrowing, what should you ask? (a) nothing (b) how fast can I spend? (c) can I pay it back? (d) what is the logo?
  34. 34.Kabir’s stall made a profit of ₹1000. Kabir saves 10% of it. How many rupees are saved?
  35. 35.Tara’s stall made a profit of ₹300. Tara saves 10% of it. How many rupees are saved?
  36. 36.Joseph’s stall made a profit of ₹400. Joseph saves 50% of it. How many rupees are saved?
  37. 37.🐷 Why save part of the profit? (a) no reason (b) saving is a loss (c) for bad days and goals (d) to waste it later
  38. 38.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) saving (c) reinvesting
  39. 39.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) talk to parents (c) ask strangers (d) borrow online alone
  40. 40.Rohan’s stall made a profit of ₹2000. Rohan saves 50% of it. How many rupees are saved?

Answer key

  1. 450
  2. a cinema ticket
  3. buying a second juicer
  4. saving
  5. better paint for cards
  6. to keep trust
  7. 210
  8. 60
  9. an emergency fund
  10. profit put in a bank
  11. reinvesting
  12. 6
  13. 36
  14. 40
  15. 312
  16. 420
  17. 60
  18. putting profit back in
  19. 45
  20. spending
  21. spending
  22. 110
  23. 25
  24. 826
  25. the cost of borrowing
  26. 32
  27. a piggy bank for later
  28. reinvesting
  29. 54
  30. 80
  31. 240
  32. saving
  33. can I pay it back?
  34. 100
  35. 30
  36. 200
  37. for bad days and goals
  38. saving
  39. talk to parents
  40. 1000

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids