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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 3 · 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.🐷 Why save part of the profit? (a) for bad days and goals (b) to waste it later (c) saving is a loss (d) no reason
  2. 2.A small family shop borrows ₹600 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  3. 3.Farhan’s stall made a profit of ₹1100. Farhan saves 10% of it. How many rupees are saved?
  4. 4.Vihaan’s stall made a profit of ₹1400. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  5. 5.Which of these is saving? (a) a new video game (b) a cinema ticket (c) profit put in a bank (d) better paint for cards
  6. 6.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) spending (c) reinvesting
  7. 7.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 ₹)?
  8. 8.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) saving (c) spending
  9. 9.Which of these is spending on yourself? (a) more seeds for next time (b) a new video game (c) buying a second juicer (d) profit put in a bank
  10. 10.A small family shop borrows ₹500 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  11. 11.Meera’s stall made a profit of ₹2000. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  12. 12.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  13. 13.Which of these is reinvesting in the business? (a) more seeds for next time (b) profit put in a bank (c) an emergency fund (d) sweets for yourself
  14. 14.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much interest is due after 2 years (in ₹)?
  15. 15.Which of these is saving? (a) buying a second juicer (b) an emergency fund (c) a new video game (d) better paint for cards
  16. 16.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) spending (c) reinvesting
  17. 17.Tara’s stall made a profit of ₹800. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  18. 18.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) take it secretly (c) talk to parents (d) borrow online alone
  19. 19.Zoya’s stall made a profit of ₹1800. 25% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  20. 20.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  21. 21.🔁 Reinvesting means… (a) giving it away (b) hiding it (c) putting profit back in (d) spending it on games
  22. 22.A small family shop borrows ₹600 from a bank at 4% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  23. 23.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving
  24. 24.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) saving (c) spending
  25. 25.Ananya’s stall made a profit of ₹2000. Ananya saves 50% of it. How many rupees are saved?
  26. 26.Which of these is saving? (a) better paint for cards (b) a piggy bank for later (c) a cinema ticket (d) buying a second juicer
  27. 27.Kavya’s stall made a profit of ₹2000. Kavya saves 20% of it. How many rupees are saved?
  28. 28.Farhan’s stall made a profit of ₹1600. Farhan saves 50% of it. How many rupees are saved?
  29. 29.Gurpreet’s stall made a profit of ₹400. Gurpreet saves 10% of it. How many rupees are saved?
  30. 30.💡 Before borrowing, what should you ask? (a) what is the logo? (b) can I pay it back? (c) nothing (d) how fast can I spend?
  31. 31.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) spending (c) saving
  32. 32.A small family shop borrows ₹300 from a bank at 6% simple interest per year. How much interest is due after 3 years (in ₹)?
  33. 33.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  34. 34.A small family shop borrows ₹300 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  35. 35.A small family shop borrows ₹800 from a bank at 10% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  36. 36.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?
  37. 37.Lakshmi’s stall made a profit of ₹1600. Lakshmi saves 10% of it. How many rupees are saved?
  38. 38.A small family shop borrows ₹800 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  39. 39.A small family shop borrows ₹800 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  40. 40.🏦 Interest on a loan is… (a) a discount (b) the cost of borrowing (c) free money (d) a gift

Answer key

  1. for bad days and goals
  2. 54
  3. 110
  4. 420
  5. profit put in a bank
  6. reinvesting
  7. 108
  8. saving
  9. a new video game
  10. 510
  11. 800
  12. 590
  13. more seeds for next time
  14. 144
  15. an emergency fund
  16. saving
  17. 240
  18. talk to parents
  19. 810
  20. 121
  21. putting profit back in
  22. 648
  23. saving
  24. spending
  25. 1000
  26. a piggy bank for later
  27. 400
  28. 800
  29. 40
  30. can I pay it back?
  31. reinvesting
  32. 54
  33. 30
  34. 18
  35. 960
  36. 70
  37. 160
  38. 120
  39. 64
  40. the cost of borrowing

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