← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 263 · 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.Which of these is reinvesting in the business? (a) profit put in a bank (b) a cinema ticket (c) a piggy bank for later (d) more seeds for next time
  2. 2.🔁 Reinvesting means… (a) hiding it (b) giving it away (c) spending it on games (d) putting profit back in
  3. 3.Which of these is spending on yourself? (a) buying a second juicer (b) a piggy bank for later (c) sweets for yourself (d) more seeds for next time
  4. 4.🏦 Interest on a loan is… (a) a gift (b) a discount (c) the cost of borrowing (d) free money
  5. 5.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) spending (c) saving
  6. 6.🐷 Saving, reinvesting or spending: a cinema ticket? (a) reinvesting (b) spending (c) saving
  7. 7.A small family shop borrows ₹1000 from a bank at 6% simple interest per year. How much interest is due after 3 years (in ₹)?
  8. 8.Ishaan’s stall made a profit of ₹300. Ishaan saves 50% of it. How many rupees are saved?
  9. 9.Which of these is saving? (a) better paint for cards (b) sweets for yourself (c) profit put in a bank (d) a new video game
  10. 10.Which of these is reinvesting in the business? (a) buying a second juicer (b) sweets for yourself (c) an emergency fund (d) profit put in a bank
  11. 11.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  12. 12.🐷 Why save part of the profit? (a) to waste it later (b) no reason (c) saving is a loss (d) for bad days and goals
  13. 13.📆 Why repay a loan on time? (a) it does not matter (b) to keep trust (c) to pay more interest (d) to lose friends
  14. 14.A small family shop borrows ₹600 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  15. 15.A small family shop borrows ₹900 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?
  16. 16.Which of these is saving? (a) better paint for cards (b) a piggy bank for later (c) buying a second juicer (d) more seeds for next time
  17. 17.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  18. 18.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) saving (c) reinvesting
  19. 19.Rohan’s stall made a profit of ₹800. Rohan saves 10% of it. How many rupees are saved?
  20. 20.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) saving (c) reinvesting
  21. 21.Meera’s stall made a profit of ₹500. Meera saves 50% of it. How many rupees are saved?
  22. 22.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  23. 23.Aarav’s stall made a profit of ₹1300. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  24. 24.Kabir’s stall made a profit of ₹200. Kabir saves 20% of it. How many rupees are saved?
  25. 25.Which of these is reinvesting in the business? (a) a piggy bank for later (b) better paint for cards (c) a cinema ticket (d) sweets for yourself
  26. 26.A small family shop borrows ₹300 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  27. 27.Which of these is saving? (a) a cinema ticket (b) an emergency fund (c) a new video game (d) better paint for cards
  28. 28.💡 Before borrowing, what should you ask? (a) nothing (b) can I pay it back? (c) how fast can I spend? (d) what is the logo?
  29. 29.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) ask strangers (c) talk to parents (d) take it secretly
  30. 30.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  31. 31.A small family shop borrows ₹200 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  32. 32.Diya’s stall made a profit of ₹1800. Diya saves 20% of it. How many rupees are saved?
  33. 33.A small family shop borrows ₹100 from a bank at 8% simple interest per year. How much interest is due after 2 years (in ₹)?
  34. 34.Arjun’s stall made a profit of ₹700. Arjun saves 20% of it. How many rupees are saved?
  35. 35.A small family shop borrows ₹900 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
  36. 36.Tara’s stall made a profit of ₹1900. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  37. 37.A small family shop borrows ₹200 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  38. 38.A small family shop borrows ₹200 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  39. 39.Which of these is spending on yourself? (a) a piggy bank for later (b) more seeds for next time (c) a new video game (d) profit put in a bank
  40. 40.A small family shop borrows ₹100 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?

Answer key

  1. more seeds for next time
  2. putting profit back in
  3. sweets for yourself
  4. the cost of borrowing
  5. reinvesting
  6. spending
  7. 180
  8. 150
  9. profit put in a bank
  10. buying a second juicer
  11. 72
  12. for bad days and goals
  13. to keep trust
  14. 672
  15. 90
  16. a piggy bank for later
  17. saving
  18. spending
  19. 80
  20. saving
  21. 250
  22. 30
  23. 390
  24. 40
  25. better paint for cards
  26. 318
  27. an emergency fund
  28. can I pay it back?
  29. talk to parents
  30. reinvesting
  31. 12
  32. 360
  33. 16
  34. 140
  35. 72
  36. 1045
  37. 20
  38. 212
  39. a new video game
  40. 9

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