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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 208 · 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.

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  1. 1.💡 Before borrowing, what should you ask? (a) can I pay it back? (b) nothing (c) how fast can I spend? (d) what is the logo?
  2. 2.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) reinvesting (c) saving
  3. 3.🏦 Interest on a loan is… (a) a gift (b) the cost of borrowing (c) free money (d) a discount
  4. 4.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  5. 5.Which of these is saving? (a) better paint for cards (b) a cinema ticket (c) more seeds for next time (d) a piggy bank for later
  6. 6.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) saving (c) spending
  7. 7.Meera’s stall made a profit of ₹400. Meera saves 20% of it. How many rupees are saved?
  8. 8.A small family shop borrows ₹600 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  9. 9.Which of these is reinvesting in the business? (a) more seeds for next time (b) a piggy bank for later (c) a new video game (d) profit put in a bank
  10. 10.Which of these is spending on yourself? (a) a cinema ticket (b) more seeds for next time (c) buying a second juicer (d) better paint for cards
  11. 11.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much interest is due after 3 years (in ₹)?
  12. 12.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) borrow online alone (c) ask strangers (d) talk to parents
  13. 13.🐷 Saving, reinvesting or spending: buying a second juicer? (a) spending (b) reinvesting (c) saving
  14. 14.A small family shop borrows ₹200 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  15. 15.A small family shop borrows ₹700 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  16. 16.Zoya’s stall made a profit of ₹400. Zoya saves 25% of it. How many rupees are saved?
  17. 17.A small family shop borrows ₹800 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
  18. 18.A small family shop borrows ₹200 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  19. 19.Gurpreet’s stall made a profit of ₹800. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  20. 20.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) spending (c) saving
  21. 21.A small family shop borrows ₹1000 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  22. 22.A small family shop borrows ₹700 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  23. 23.Which of these is reinvesting in the business? (a) an emergency fund (b) profit put in a bank (c) a cinema ticket (d) better paint for cards
  24. 24.A small family shop borrows ₹200 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  25. 25.📆 Why repay a loan on time? (a) it does not matter (b) to keep trust (c) to lose friends (d) to pay more interest
  26. 26.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) saving (c) spending
  27. 27.Which of these is spending on yourself? (a) more seeds for next time (b) sweets for yourself (c) profit put in a bank (d) a piggy bank for later
  28. 28.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) spending (c) reinvesting
  29. 29.Aarav’s stall made a profit of ₹2000. Aarav saves 25% of it. How many rupees are saved?
  30. 30.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  31. 31.A small family shop borrows ₹600 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  32. 32.Zoya’s stall made a profit of ₹1400. Zoya saves 20% of it. How many rupees are saved?
  33. 33.A small family shop borrows ₹200 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  34. 34.🐷 Saving, reinvesting or spending: a cinema ticket? (a) reinvesting (b) saving (c) spending
  35. 35.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  36. 36.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  37. 37.🔁 Reinvesting means… (a) hiding it (b) giving it away (c) spending it on games (d) putting profit back in
  38. 38.Ananya’s stall made a profit of ₹200. Ananya saves 25% of it. How many rupees are saved?
  39. 39.A small family shop borrows ₹900 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  40. 40.Arjun’s stall made a profit of ₹1400. Arjun saves 20% of it. How many rupees are saved?

Answer key

  1. can I pay it back?
  2. spending
  3. the cost of borrowing
  4. 63
  5. a piggy bank for later
  6. reinvesting
  7. 80
  8. 18
  9. more seeds for next time
  10. a cinema ticket
  11. 216
  12. talk to parents
  13. reinvesting
  14. 218
  15. 56
  16. 100
  17. 64
  18. 206
  19. 200
  20. spending
  21. 1060
  22. 847
  23. better paint for cards
  24. 260
  25. to keep trust
  26. saving
  27. sweets for yourself
  28. saving
  29. 500
  30. 972
  31. 54
  32. 280
  33. 6
  34. spending
  35. saving
  36. 910
  37. putting profit back in
  38. 50
  39. 18
  40. 280

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