← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 342 · 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.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 ₹)?
  2. 2.🏦 Interest on a loan is… (a) a discount (b) free money (c) a gift (d) the cost of borrowing
  3. 3.Which of these is reinvesting in the business? (a) sweets for yourself (b) more seeds for next time (c) a piggy bank for later (d) a cinema ticket
  4. 4.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) borrow online alone (c) talk to parents (d) take it secretly
  5. 5.A small family shop borrows ₹600 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  6. 6.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) reinvesting (c) saving
  7. 7.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  8. 8.Which of these is reinvesting in the business? (a) a piggy bank for later (b) buying a second juicer (c) a new video game (d) an emergency fund
  9. 9.Tara’s stall made a profit of ₹1500. Tara saves 10% of it. How many rupees are saved?
  10. 10.A small family shop borrows ₹300 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  11. 11.Which of these is spending on yourself? (a) an emergency fund (b) profit put in a bank (c) sweets for yourself (d) better paint for cards
  12. 12.Which of these is spending on yourself? (a) a cinema ticket (b) better paint for cards (c) more seeds for next time (d) profit put in a bank
  13. 13.Riya’s stall made a profit of ₹1700. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  14. 14.Vihaan’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?
  15. 15.Ananya’s stall made a profit of ₹1600. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  16. 16.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) reinvesting (c) saving
  17. 17.A small family shop borrows ₹400 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  18. 18.Ishaan’s stall made a profit of ₹1000. Ishaan saves 20% of it. How many rupees are saved?
  19. 19.Which of these is reinvesting in the business? (a) sweets for yourself (b) a cinema ticket (c) profit put in a bank (d) better paint for cards
  20. 20.A small family shop borrows ₹400 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  21. 21.A small family shop borrows ₹800 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  22. 22.🐷 Why save part of the profit? (a) saving is a loss (b) no reason (c) to waste it later (d) for bad days and goals
  23. 23.🔁 Reinvesting means… (a) hiding it (b) spending it on games (c) putting profit back in (d) giving it away
  24. 24.Which of these is saving? (a) an emergency fund (b) sweets for yourself (c) better paint for cards (d) more seeds for next time
  25. 25.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) reinvesting (c) spending
  26. 26.Kabir’s stall made a profit of ₹1900. Kabir saves 50% of it. How many rupees are saved?
  27. 27.Lakshmi’s stall made a profit of ₹700. Lakshmi saves 50% of it. How many rupees are saved?
  28. 28.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) saving (c) spending
  29. 29.A small family shop borrows ₹700 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?
  30. 30.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  31. 31.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  32. 32.Tara’s stall made a profit of ₹1300. Tara saves 10% of it. How many rupees are saved?
  33. 33.Nisha’s stall made a profit of ₹1200. Nisha saves 50% of it. How many rupees are saved?
  34. 34.💡 Before borrowing, what should you ask? (a) how fast can I spend? (b) what is the logo? (c) nothing (d) can I pay it back?
  35. 35.Aarav’s stall made a profit of ₹1100. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  36. 36.Which of these is saving? (a) more seeds for next time (b) profit put in a bank (c) better paint for cards (d) buying a second juicer
  37. 37.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  38. 38.Riya’s stall made a profit of ₹1400. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  39. 39.A small family shop borrows ₹800 from a bank at 9% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  40. 40.Rohan’s stall made a profit of ₹1200. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?

Answer key

  1. 636
  2. the cost of borrowing
  3. more seeds for next time
  4. talk to parents
  5. 636
  6. spending
  7. 27
  8. buying a second juicer
  9. 150
  10. 24
  11. sweets for yourself
  12. a cinema ticket
  13. 935
  14. 280
  15. 320
  16. reinvesting
  17. 40
  18. 200
  19. better paint for cards
  20. 448
  21. 80
  22. for bad days and goals
  23. putting profit back in
  24. an emergency fund
  25. spending
  26. 950
  27. 350
  28. saving
  29. 84
  30. 4
  31. saving
  32. 130
  33. 600
  34. can I pay it back?
  35. 220
  36. profit put in a bank
  37. 6
  38. 700
  39. 1016
  40. 600

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