← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 141 · 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.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) take it secretly (c) borrow online alone (d) talk to parents
  2. 2.A small family shop borrows ₹1000 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  3. 3.💡 Before borrowing, what should you ask? (a) how fast can I spend? (b) nothing (c) what is the logo? (d) can I pay it back?
  4. 4.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) reinvesting (c) saving
  5. 5.Kabir’s stall made a profit of ₹1100. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  6. 6.Which of these is reinvesting in the business? (a) sweets for yourself (b) profit put in a bank (c) a cinema ticket (d) better paint for cards
  7. 7.🏦 Interest on a loan is… (a) free money (b) a discount (c) a gift (d) the cost of borrowing
  8. 8.A small family shop borrows ₹1000 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  9. 9.Ananya’s stall made a profit of ₹300. Ananya saves 20% of it. How many rupees are saved?
  10. 10.A small family shop borrows ₹1000 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  11. 11.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) spending (c) reinvesting
  12. 12.Which of these is saving? (a) a piggy bank for later (b) sweets for yourself (c) a cinema ticket (d) buying a second juicer
  13. 13.Tara’s stall made a profit of ₹1200. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  14. 14.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  15. 15.Ananya’s stall made a profit of ₹700. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  16. 16.🔁 Reinvesting means… (a) hiding it (b) spending it on games (c) giving it away (d) putting profit back in
  17. 17.Which of these is spending on yourself? (a) a piggy bank for later (b) a cinema ticket (c) buying a second juicer (d) more seeds for next time
  18. 18.Aarav’s stall made a profit of ₹500. Aarav saves 10% of it. How many rupees are saved?
  19. 19.🐷 Why save part of the profit? (a) saving is a loss (b) to waste it later (c) no reason (d) for bad days and goals
  20. 20.A small family shop borrows ₹700 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  21. 21.Ananya’s stall made a profit of ₹900. Ananya saves 20% of it. How many rupees are saved?
  22. 22.A small family shop borrows ₹100 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  23. 23.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) saving (c) spending
  24. 24.A small family shop borrows ₹200 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  25. 25.Which of these is spending on yourself? (a) a piggy bank for later (b) buying a second juicer (c) a new video game (d) more seeds for next time
  26. 26.A small family shop borrows ₹400 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  27. 27.Which of these is reinvesting in the business? (a) an emergency fund (b) buying a second juicer (c) a piggy bank for later (d) a cinema ticket
  28. 28.Kavya’s stall made a profit of ₹800. Kavya saves 50% of it. How many rupees are saved?
  29. 29.Tara’s stall made a profit of ₹1800. Tara saves 50% of it. How many rupees are saved?
  30. 30.Which of these is saving? (a) better paint for cards (b) profit put in a bank (c) a cinema ticket (d) sweets for yourself
  31. 31.A small family shop borrows ₹900 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  32. 32.Ishaan’s stall made a profit of ₹800. Ishaan saves 20% of it. How many rupees are saved?
  33. 33.A small family shop borrows ₹300 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  34. 34.Aarav’s stall made a profit of ₹900. Aarav saves 20% of it. How many rupees are saved?
  35. 35.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) spending (c) reinvesting
  36. 36.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  37. 37.Saanvi’s stall made a profit of ₹1000. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  38. 38.Kabir’s stall made a profit of ₹200. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  39. 39.Which of these is saving? (a) better paint for cards (b) more seeds for next time (c) buying a second juicer (d) an emergency fund
  40. 40.Kabir’s stall made a profit of ₹2000. Kabir saves 20% of it. How many rupees are saved?

Answer key

  1. talk to parents
  2. 1060
  3. can I pay it back?
  4. reinvesting
  5. 220
  6. better paint for cards
  7. the cost of borrowing
  8. 60
  9. 60
  10. 1090
  11. saving
  12. a piggy bank for later
  13. 600
  14. 1089
  15. 420
  16. putting profit back in
  17. a cinema ticket
  18. 50
  19. for bad days and goals
  20. 763
  21. 180
  22. 106
  23. saving
  24. 14
  25. a new video game
  26. 8
  27. buying a second juicer
  28. 400
  29. 900
  30. profit put in a bank
  31. 45
  32. 160
  33. 90
  34. 180
  35. spending
  36. 721
  37. 600
  38. 40
  39. an emergency fund
  40. 400

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