← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 393 · 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: a piggy bank for later? (a) spending (b) saving (c) reinvesting
  2. 2.📆 Why repay a loan on time? (a) to pay more interest (b) to keep trust (c) to lose friends (d) it does not matter
  3. 3.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) spending (c) saving
  4. 4.👪 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
  5. 5.Which of these is spending on yourself? (a) buying a second juicer (b) an emergency fund (c) more seeds for next time (d) sweets for yourself
  6. 6.A small family shop borrows ₹1000 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  7. 7.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  8. 8.🔁 Reinvesting means… (a) hiding it (b) spending it on games (c) putting profit back in (d) giving it away
  9. 9.🐷 Saving, reinvesting or spending: a new video game? (a) reinvesting (b) saving (c) spending
  10. 10.Nisha’s stall made a profit of ₹1400. Nisha saves 20% of it. How many rupees are saved?
  11. 11.A small family shop borrows ₹800 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  12. 12.Which of these is reinvesting in the business? (a) profit put in a bank (b) buying a second juicer (c) a new video game (d) a piggy bank for later
  13. 13.A small family shop borrows ₹800 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  14. 14.Rohan’s stall made a profit of ₹500. Rohan saves 20% of it. How many rupees are saved?
  15. 15.A small family shop borrows ₹800 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  16. 16.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 ₹)?
  17. 17.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) reinvesting (c) spending
  18. 18.Saanvi’s stall made a profit of ₹300. Saanvi saves 50% of it. How many rupees are saved?
  19. 19.Which of these is saving? (a) more seeds for next time (b) a piggy bank for later (c) buying a second juicer (d) a new video game
  20. 20.A small family shop borrows ₹600 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  21. 21.A small family shop borrows ₹1000 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  22. 22.Which of these is saving? (a) a cinema ticket (b) better paint for cards (c) profit put in a bank (d) buying a second juicer
  23. 23.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  24. 24.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) spending (c) saving
  25. 25.A small family shop borrows ₹900 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  26. 26.💡 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?
  27. 27.Arjun’s stall made a profit of ₹1200. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  28. 28.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  29. 29.Kavya’s stall made a profit of ₹1800. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  30. 30.Which of these is spending on yourself? (a) profit put in a bank (b) more seeds for next time (c) a cinema ticket (d) buying a second juicer
  31. 31.🏦 Interest on a loan is… (a) a discount (b) the cost of borrowing (c) free money (d) a gift
  32. 32.🐷 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
  33. 33.Kavya’s stall made a profit of ₹1200. Kavya saves 20% of it. How many rupees are saved?
  34. 34.Farhan’s stall made a profit of ₹1800. Farhan saves 20% of it. How many rupees are saved?
  35. 35.Diya’s stall made a profit of ₹1800. 25% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  36. 36.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) saving (c) spending
  37. 37.Diya’s stall made a profit of ₹1700. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  38. 38.Kavya’s stall made a profit of ₹500. Kavya saves 10% of it. How many rupees are saved?
  39. 39.A small family shop borrows ₹400 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  40. 40.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much interest is due after 2 years (in ₹)?

Answer key

  1. saving
  2. to keep trust
  3. reinvesting
  4. talk to parents
  5. sweets for yourself
  6. 140
  7. 763
  8. putting profit back in
  9. spending
  10. 280
  11. 216
  12. buying a second juicer
  13. 40
  14. 100
  15. 832
  16. 590
  17. reinvesting
  18. 150
  19. a piggy bank for later
  20. 48
  21. 1020
  22. profit put in a bank
  23. 104
  24. saving
  25. 1008
  26. can I pay it back?
  27. 720
  28. 126
  29. 720
  30. a cinema ticket
  31. the cost of borrowing
  32. for bad days and goals
  33. 240
  34. 360
  35. 720
  36. saving
  37. 340
  38. 50
  39. 16
  40. 54

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