← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 425 · 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: an emergency fund? (a) reinvesting (b) spending (c) saving
  2. 2.🐷 Saving, reinvesting or spending: a new video game? (a) reinvesting (b) saving (c) spending
  3. 3.Which of these is saving? (a) more seeds for next time (b) a cinema ticket (c) buying a second juicer (d) profit put in a bank
  4. 4.Dev’s stall made a profit of ₹300. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  5. 5.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) spending (c) reinvesting
  6. 6.Which of these is saving? (a) a piggy bank for later (b) sweets for yourself (c) a new video game (d) more seeds for next time
  7. 7.🐷 Why save part of the profit? (a) no reason (b) for bad days and goals (c) to waste it later (d) saving is a loss
  8. 8.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) spending (c) reinvesting
  9. 9.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) saving (c) spending
  10. 10.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) ask strangers (c) talk to parents (d) borrow online alone
  11. 11.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 ₹)?
  12. 12.A small family shop borrows ₹200 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  13. 13.Aarav’s stall made a profit of ₹1400. Aarav saves 20% of it. How many rupees are saved?
  14. 14.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  15. 15.Riya’s stall made a profit of ₹500. Riya saves 10% of it. How many rupees are saved?
  16. 16.A small family shop borrows ₹300 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: a piggy bank for later? (a) saving (b) spending (c) reinvesting
  18. 18.Meera’s stall made a profit of ₹1900. Meera saves 10% of it. How many rupees are saved?
  19. 19.Aarav’s stall made a profit of ₹2000. Aarav saves 20% of it. How many rupees are saved?
  20. 20.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?
  21. 21.Which of these is spending on yourself? (a) a cinema ticket (b) buying a second juicer (c) a piggy bank for later (d) an emergency fund
  22. 22.💡 Before borrowing, what should you ask? (a) can I pay it back? (b) what is the logo? (c) how fast can I spend? (d) nothing
  23. 23.📆 Why repay a loan on time? (a) to lose friends (b) to keep trust (c) to pay more interest (d) it does not matter
  24. 24.Ishaan’s stall made a profit of ₹1900. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  25. 25.🏦 Interest on a loan is… (a) a discount (b) the cost of borrowing (c) a gift (d) free money
  26. 26.A small family shop borrows ₹700 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  27. 27.Which of these is reinvesting in the business? (a) sweets for yourself (b) a piggy bank for later (c) buying a second juicer (d) a new video game
  28. 28.🐷 Saving, reinvesting or spending: sweets for yourself? (a) spending (b) reinvesting (c) saving
  29. 29.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) spending (c) reinvesting
  30. 30.Saanvi’s stall made a profit of ₹500. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  31. 31.A small family shop borrows ₹400 from a bank at 8% simple interest per year. How much interest is due after 2 years (in ₹)?
  32. 32.Kabir’s stall made a profit of ₹1200. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  33. 33.Joseph’s stall made a profit of ₹1500. Joseph saves 10% of it. How many rupees are saved?
  34. 34.A small family shop borrows ₹1000 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
  35. 35.Kavya’s stall made a profit of ₹1300. Kavya saves 25% of it. How many rupees are saved?
  36. 36.A small family shop borrows ₹600 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  37. 37.Farhan’s stall made a profit of ₹2000. Farhan saves 50% of it. How many rupees are saved?
  38. 38.Lakshmi’s stall made a profit of ₹2000. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  39. 39.Rohan’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 spent?
  40. 40.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting

Answer key

  1. saving
  2. spending
  3. profit put in a bank
  4. 120
  5. reinvesting
  6. a piggy bank for later
  7. for bad days and goals
  8. spending
  9. reinvesting
  10. talk to parents
  11. 590
  12. 216
  13. 280
  14. 1089
  15. 50
  16. 354
  17. saving
  18. 190
  19. 400
  20. 12
  21. a cinema ticket
  22. can I pay it back?
  23. to keep trust
  24. 950
  25. the cost of borrowing
  26. 56
  27. buying a second juicer
  28. spending
  29. saving
  30. 150
  31. 64
  32. 480
  33. 150
  34. 90
  35. 325
  36. 24
  37. 1000
  38. 1000
  39. 780
  40. reinvesting

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