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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 297 · 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 reinvesting in the business? (a) more seeds for next time (b) profit put in a bank (c) sweets for yourself (d) a new video game
  2. 2.Which of these is spending on yourself? (a) better paint for cards (b) buying a second juicer (c) a piggy bank for later (d) sweets for yourself
  3. 3.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) reinvesting (c) saving
  4. 4.A small family shop borrows ₹500 from a bank at 10% simple interest per year. How much interest is due after 2 years (in ₹)?
  5. 5.Gurpreet’s stall made a profit of ₹500. Gurpreet saves 50% of it. How many rupees are saved?
  6. 6.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) spending (c) saving
  7. 7.Which of these is reinvesting in the business? (a) profit put in a bank (b) a new video game (c) an emergency fund (d) better paint for cards
  8. 8.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  9. 9.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) borrow online alone (c) talk to parents (d) ask strangers
  10. 10.🔁 Reinvesting means… (a) hiding it (b) putting profit back in (c) giving it away (d) spending it on games
  11. 11.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) saving (c) spending
  12. 12.Which of these is saving? (a) more seeds for next time (b) buying a second juicer (c) a piggy bank for later (d) a cinema ticket
  13. 13.🐷 Why save part of the profit? (a) saving is a loss (b) to waste it later (c) no reason (d) for bad days and goals
  14. 14.🏦 Interest on a loan is… (a) a gift (b) a discount (c) the cost of borrowing (d) free money
  15. 15.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  16. 16.Meera’s stall made a profit of ₹500. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  17. 17.Which of these is spending on yourself? (a) a new video game (b) more seeds for next time (c) an emergency fund (d) profit put in a bank
  18. 18.A small family shop borrows ₹700 from a bank at 6% simple interest per year. How much interest is due after 2 years (in ₹)?
  19. 19.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) saving (c) reinvesting
  20. 20.Which of these is saving? (a) sweets for yourself (b) a cinema ticket (c) a new video game (d) profit put in a bank
  21. 21.Aarav’s stall made a profit of ₹1800. Aarav saves 20% of it. How many rupees are saved?
  22. 22.Which of these is reinvesting in the business? (a) buying a second juicer (b) a piggy bank for later (c) an emergency fund (d) profit put in a bank
  23. 23.A small family shop borrows ₹200 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  24. 24.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) reinvesting (c) spending
  25. 25.🐷 Saving, reinvesting or spending: a new video game? (a) reinvesting (b) spending (c) saving
  26. 26.A small family shop borrows ₹300 from a bank at 9% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  27. 27.Dev’s stall made a profit of ₹1600. Dev saves 20% of it. How many rupees are saved?
  28. 28.A small family shop borrows ₹700 from a bank at 4% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  29. 29.Diya’s stall made a profit of ₹2000. 25% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  30. 30.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) saving (c) spending
  31. 31.A small family shop borrows ₹500 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
  32. 32.Kavya’s stall made a profit of ₹600. Kavya saves 25% of it. How many rupees are saved?
  33. 33.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) saving (c) spending
  34. 34.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) spending (c) saving
  35. 35.💡 Before borrowing, what should you ask? (a) what is the logo? (b) how fast can I spend? (c) can I pay it back? (d) nothing
  36. 36.A small family shop borrows ₹600 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  37. 37.Gurpreet’s stall made a profit of ₹700. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  38. 38.Gurpreet’s stall made a profit of ₹1400. 10% is saved, 20% 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 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  40. 40.Ishaan’s stall made a profit of ₹1500. Ishaan saves 50% of it. How many rupees are saved?

Answer key

  1. more seeds for next time
  2. sweets for yourself
  3. saving
  4. 100
  5. 250
  6. saving
  7. better paint for cards
  8. 560
  9. talk to parents
  10. putting profit back in
  11. reinvesting
  12. a piggy bank for later
  13. for bad days and goals
  14. the cost of borrowing
  15. 954
  16. 200
  17. a new video game
  18. 84
  19. saving
  20. profit put in a bank
  21. 360
  22. buying a second juicer
  23. 248
  24. spending
  25. spending
  26. 381
  27. 320
  28. 756
  29. 600
  30. reinvesting
  31. 45
  32. 150
  33. spending
  34. reinvesting
  35. can I pay it back?
  36. 654
  37. 280
  38. 280
  39. 12
  40. 750

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