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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 358 · 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 repay a loan on time? (a) to pay more interest (b) to keep trust (c) it does not matter (d) to lose friends
  2. 2.A small family shop borrows ₹400 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  3. 3.💡 Before borrowing, what should you ask? (a) what is the logo? (b) nothing (c) can I pay it back? (d) how fast can I spend?
  4. 4.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) saving (c) spending
  5. 5.A small family shop borrows ₹400 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  6. 6.A small family shop borrows ₹200 from a bank at 3% simple interest per year. How much interest is due after 2 years (in ₹)?
  7. 7.A small family shop borrows ₹1000 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?
  8. 8.Joseph’s stall made a profit of ₹900. Joseph saves 10% of it. How many rupees are saved?
  9. 9.A small family shop borrows ₹800 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  10. 10.👪 A teen wants to borrow for a business idea. First step? (a) talk to parents (b) ask strangers (c) take it secretly (d) borrow online alone
  11. 11.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) reinvesting (c) spending
  12. 12.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  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.A small family shop borrows ₹100 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  15. 15.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) reinvesting (c) saving
  16. 16.Which of these is reinvesting in the business? (a) sweets for yourself (b) a new video game (c) buying a second juicer (d) a cinema ticket
  17. 17.A small family shop borrows ₹800 from a bank at 8% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  18. 18.Which of these is reinvesting in the business? (a) sweets for yourself (b) more seeds for next time (c) a cinema ticket (d) an emergency fund
  19. 19.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) reinvesting (c) saving
  20. 20.Vihaan’s stall made a profit of ₹400. Vihaan saves 10% of it. How many rupees are saved?
  21. 21.Gurpreet’s stall made a profit of ₹1400. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  22. 22.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 ₹)?
  23. 23.Which of these is spending on yourself? (a) an emergency fund (b) a new video game (c) profit put in a bank (d) better paint for cards
  24. 24.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  25. 25.A small family shop borrows ₹500 from a bank at 10% simple interest per year. How much interest is due after 2 years (in ₹)?
  26. 26.A small family shop borrows ₹400 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  27. 27.Vihaan’s stall made a profit of ₹800. Vihaan saves 50% of it. How many rupees are saved?
  28. 28.A small family shop borrows ₹300 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  29. 29.Ishaan’s stall made a profit of ₹400. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  30. 30.A small family shop borrows ₹400 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  31. 31.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) saving (c) spending
  32. 32.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  33. 33.Which of these is saving? (a) an emergency fund (b) sweets for yourself (c) a cinema ticket (d) better paint for cards
  34. 34.Gurpreet’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?
  35. 35.Which of these is saving? (a) sweets for yourself (b) a new video game (c) profit put in a bank (d) a cinema ticket
  36. 36.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  37. 37.Which of these is spending on yourself? (a) better paint for cards (b) sweets for yourself (c) a piggy bank for later (d) profit put in a bank
  38. 38.A small family shop borrows ₹900 from a bank at 10% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  39. 39.🔁 Reinvesting means… (a) hiding it (b) spending it on games (c) giving it away (d) putting profit back in
  40. 40.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much interest is due after 3 years (in ₹)?

Answer key

  1. to keep trust
  2. 28
  3. can I pay it back?
  4. saving
  5. 120
  6. 12
  7. 100
  8. 90
  9. 880
  10. talk to parents
  11. reinvesting
  12. reinvesting
  13. for bad days and goals
  14. 109
  15. reinvesting
  16. buying a second juicer
  17. 928
  18. more seeds for next time
  19. saving
  20. 40
  21. 770
  22. 510
  23. a new video game
  24. spending
  25. 100
  26. 412
  27. 400
  28. 318
  29. 160
  30. 32
  31. spending
  32. 15
  33. an emergency fund
  34. 390
  35. profit put in a bank
  36. 927
  37. sweets for yourself
  38. 1080
  39. putting profit back in
  40. 90

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