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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 254 · 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.Which of these is saving? (a) sweets for yourself (b) an emergency fund (c) a cinema ticket (d) more seeds for next time
  2. 2.A small family shop borrows ₹400 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  3. 3.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) ask strangers (c) take it secretly (d) talk to parents
  4. 4.A small family shop borrows ₹700 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  5. 5.Which of these is saving? (a) a piggy bank for later (b) a cinema ticket (c) better paint for cards (d) a new video game
  6. 6.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) reinvesting (c) saving
  7. 7.Which of these is saving? (a) a new video game (b) a cinema ticket (c) profit put in a bank (d) buying a second juicer
  8. 8.🐷 Saving, reinvesting or spending: a new video game? (a) reinvesting (b) saving (c) spending
  9. 9.Riya’s stall made a profit of ₹1300. Riya saves 25% of it. How many rupees are saved?
  10. 10.A small family shop borrows ₹600 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  11. 11.Lakshmi’s stall made a profit of ₹1900. Lakshmi saves 50% of it. How many rupees are saved?
  12. 12.💡 Before borrowing, what should you ask? (a) nothing (b) how fast can I spend? (c) what is the logo? (d) can I pay it back?
  13. 13.Gurpreet’s stall made a profit of ₹800. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  14. 14.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  15. 15.Lakshmi’s stall made a profit of ₹400. Lakshmi saves 10% of it. How many rupees are saved?
  16. 16.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) reinvesting (c) spending
  17. 17.🏦 Interest on a loan is… (a) the cost of borrowing (b) a discount (c) a gift (d) free money
  18. 18.🐷 Saving, reinvesting or spending: sweets for yourself? (a) spending (b) saving (c) reinvesting
  19. 19.🔁 Reinvesting means… (a) putting profit back in (b) spending it on games (c) hiding it (d) giving it away
  20. 20.📆 Why repay a loan on time? (a) to keep trust (b) to lose friends (c) to pay more interest (d) it does not matter
  21. 21.Kavya’s stall made a profit of ₹1000. Kavya saves 10% of it. How many rupees are saved?
  22. 22.Dev’s stall made a profit of ₹1500. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  23. 23.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  24. 24.Rohan’s stall made a profit of ₹400. Rohan saves 10% of it. How many rupees are saved?
  25. 25.A small family shop borrows ₹600 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  26. 26.Farhan’s stall made a profit of ₹1300. Farhan saves 10% of it. How many rupees are saved?
  27. 27.A small family shop borrows ₹600 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?
  28. 28.Gurpreet’s stall made a profit of ₹2000. Gurpreet saves 10% of it. How many rupees are saved?
  29. 29.Joseph’s stall made a profit of ₹1900. Joseph saves 25% of it. How many rupees are saved?
  30. 30.Riya’s stall made a profit of ₹400. Riya saves 20% of it. How many rupees are saved?
  31. 31.Zoya’s stall made a profit of ₹700. Zoya saves 10% of it. How many rupees are saved?
  32. 32.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) reinvesting (c) saving
  33. 33.A small family shop borrows ₹400 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  34. 34.A small family shop borrows ₹600 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  35. 35.Which of these is reinvesting in the business? (a) a piggy bank for later (b) sweets for yourself (c) more seeds for next time (d) profit put in a bank
  36. 36.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) saving (c) reinvesting
  37. 37.Which of these is spending on yourself? (a) buying a second juicer (b) an emergency fund (c) a new video game (d) profit put in a bank
  38. 38.Which of these is spending on yourself? (a) sweets for yourself (b) a piggy bank for later (c) better paint for cards (d) more seeds for next time
  39. 39.🐷 Why save part of the profit? (a) saving is a loss (b) for bad days and goals (c) no reason (d) to waste it later
  40. 40.A small family shop borrows ₹300 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?

Answer key

  1. an emergency fund
  2. 16
  3. talk to parents
  4. 28
  5. a piggy bank for later
  6. saving
  7. profit put in a bank
  8. spending
  9. 325
  10. 624
  11. 950
  12. can I pay it back?
  13. 160
  14. spending
  15. 40
  16. reinvesting
  17. the cost of borrowing
  18. spending
  19. putting profit back in
  20. to keep trust
  21. 100
  22. 450
  23. saving
  24. 40
  25. 636
  26. 130
  27. 60
  28. 200
  29. 475
  30. 80
  31. 70
  32. reinvesting
  33. 416
  34. 36
  35. more seeds for next time
  36. saving
  37. a new video game
  38. sweets for yourself
  39. for bad days and goals
  40. 318

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