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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 237 · 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.A small family shop borrows ₹1000 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  2. 2.A small family shop borrows ₹500 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  3. 3.A small family shop borrows ₹300 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  4. 4.A small family shop borrows ₹500 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  5. 5.Which of these is reinvesting in the business? (a) a cinema ticket (b) sweets for yourself (c) profit put in a bank (d) more seeds for next time
  6. 6.Which of these is saving? (a) a new video game (b) buying a second juicer (c) profit put in a bank (d) more seeds for next time
  7. 7.Rohan’s stall made a profit of ₹900. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  8. 8.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) saving (c) reinvesting
  9. 9.Which of these is reinvesting in the business? (a) sweets for yourself (b) better paint for cards (c) a cinema ticket (d) a new video game
  10. 10.Riya’s stall made a profit of ₹1300. Riya saves 10% of it. How many rupees are saved?
  11. 11.Arjun’s stall made a profit of ₹1800. Arjun saves 20% of it. How many rupees are saved?
  12. 12.Which of these is spending on yourself? (a) a cinema ticket (b) a piggy bank for later (c) an emergency fund (d) more seeds for next time
  13. 13.📆 Why repay a loan on time? (a) to lose friends (b) to keep trust (c) to pay more interest (d) it does not matter
  14. 14.Which of these is spending on yourself? (a) profit put in a bank (b) a piggy bank for later (c) sweets for yourself (d) buying a second juicer
  15. 15.Arjun’s stall made a profit of ₹1300. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  16. 16.A small family shop borrows ₹900 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
  17. 17.A small family shop borrows ₹700 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
  18. 18.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) spending (c) reinvesting
  19. 19.Farhan’s stall made a profit of ₹400. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  20. 20.Arjun’s stall made a profit of ₹1100. Arjun saves 25% of it. How many rupees are saved?
  21. 21.Dev’s stall made a profit of ₹1800. Dev saves 10% of it. How many rupees are saved?
  22. 22.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  23. 23.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) spending (c) saving
  24. 24.A small family shop borrows ₹300 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  25. 25.🐷 Saving, reinvesting or spending: buying a second juicer? (a) spending (b) saving (c) reinvesting
  26. 26.Diya’s stall made a profit of ₹800. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  27. 27.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much interest is due after 2 years (in ₹)?
  28. 28.Joseph’s stall made a profit of ₹300. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  29. 29.🏦 Interest on a loan is… (a) a discount (b) a gift (c) free money (d) the cost of borrowing
  30. 30.Which of these is saving? (a) a piggy bank for later (b) sweets for yourself (c) a new video game (d) buying a second juicer
  31. 31.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) saving (c) reinvesting
  32. 32.A small family shop borrows ₹500 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  33. 33.Which of these is reinvesting in the business? (a) a cinema ticket (b) buying a second juicer (c) a new video game (d) sweets for yourself
  34. 34.A small family shop borrows ₹1000 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  35. 35.Which of these is spending on yourself? (a) a new video game (b) an emergency fund (c) a piggy bank for later (d) more seeds for next time
  36. 36.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  37. 37.Riya’s stall made a profit of ₹2000. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  38. 38.Lakshmi’s stall made a profit of ₹800. Lakshmi saves 50% of it. How many rupees are saved?
  39. 39.A small family shop borrows ₹100 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  40. 40.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) reinvesting (c) spending

Answer key

  1. 150
  2. 535
  3. 336
  4. 650
  5. more seeds for next time
  6. profit put in a bank
  7. 270
  8. saving
  9. better paint for cards
  10. 130
  11. 360
  12. a cinema ticket
  13. to keep trust
  14. sweets for yourself
  15. 390
  16. 81
  17. 63
  18. saving
  19. 160
  20. 275
  21. 180
  22. 114
  23. reinvesting
  24. 6
  25. reinvesting
  26. 320
  27. 144
  28. 60
  29. the cost of borrowing
  30. a piggy bank for later
  31. saving
  32. 545
  33. buying a second juicer
  34. 1060
  35. a new video game
  36. 108
  37. 600
  38. 400
  39. 112
  40. spending

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