← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 280 · 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.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) reinvesting (c) spending
  2. 2.A small family shop borrows ₹200 from a bank at 8% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  3. 3.Gurpreet’s stall made a profit of ₹1300. Gurpreet saves 10% of it. How many rupees are saved?
  4. 4.Rohan’s stall made a profit of ₹1600. Rohan saves 50% of it. How many rupees are saved?
  5. 5.Which of these is spending on yourself? (a) an emergency fund (b) sweets for yourself (c) more seeds for next time (d) better paint for cards
  6. 6.Aarav’s stall made a profit of ₹1000. Aarav saves 25% of it. How many rupees are saved?
  7. 7.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 ₹)?
  8. 8.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  9. 9.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) spending (c) reinvesting
  10. 10.A small family shop borrows ₹100 from a bank at 10% simple interest per year. How much interest is due after 2 years (in ₹)?
  11. 11.A small family shop borrows ₹900 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  12. 12.Which of these is saving? (a) a piggy bank for later (b) buying a second juicer (c) a cinema ticket (d) better paint for cards
  13. 13.Joseph’s stall made a profit of ₹800. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  14. 14.Saanvi’s stall made a profit of ₹1300. Saanvi saves 10% of it. How many rupees are saved?
  15. 15.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  16. 16.Riya’s stall made a profit of ₹2000. Riya saves 10% of it. How many rupees are saved?
  17. 17.🐷 Why save part of the profit? (a) no reason (b) to waste it later (c) for bad days and goals (d) saving is a loss
  18. 18.🏦 Interest on a loan is… (a) the cost of borrowing (b) free money (c) a discount (d) a gift
  19. 19.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  20. 20.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) saving (c) spending
  21. 21.A small family shop borrows ₹200 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  22. 22.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  23. 23.Tara’s stall made a profit of ₹1200. Tara saves 20% of it. How many rupees are saved?
  24. 24.A small family shop borrows ₹1000 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  25. 25.A small family shop borrows ₹300 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  26. 26.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
  27. 27.Which of these is spending on yourself? (a) buying a second juicer (b) a new video game (c) profit put in a bank (d) better paint for cards
  28. 28.A small family shop borrows ₹200 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  29. 29.Kabir’s stall made a profit of ₹1300. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  30. 30.Lakshmi’s stall made a profit of ₹1900. Lakshmi saves 50% of it. How many rupees are saved?
  31. 31.Kabir’s stall made a profit of ₹1500. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  32. 32.A small family shop borrows ₹200 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  33. 33.A small family shop borrows ₹900 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  34. 34.A small family shop borrows ₹700 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  35. 35.Vihaan’s stall made a profit of ₹1900. Vihaan saves 20% of it. How many rupees are saved?
  36. 36.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) talk to parents (c) ask strangers (d) borrow online alone
  37. 37.A small family shop borrows ₹400 from a bank at 6% simple interest per year. How much interest is due after 3 years (in ₹)?
  38. 38.Nisha’s stall made a profit of ₹1200. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  39. 39.A small family shop borrows ₹300 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  40. 40.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) saving (c) reinvesting

Answer key

  1. saving
  2. 232
  3. 130
  4. 800
  5. sweets for yourself
  6. 250
  7. 624
  8. 6
  9. spending
  10. 20
  11. 936
  12. a piggy bank for later
  13. 160
  14. 130
  15. saving
  16. 200
  17. for bad days and goals
  18. the cost of borrowing
  19. 112
  20. reinvesting
  21. 208
  22. 112
  23. 240
  24. 30
  25. 312
  26. saving
  27. a new video game
  28. 14
  29. 780
  30. 950
  31. 300
  32. 220
  33. 54
  34. 28
  35. 380
  36. talk to parents
  37. 72
  38. 360
  39. 309
  40. spending

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