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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 454 · 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.💡 Before borrowing, what should you ask? (a) what is the logo? (b) how fast can I spend? (c) nothing (d) can I pay it back?
  2. 2.Dev’s stall made a profit of ₹600. Dev saves 20% of it. How many rupees are saved?
  3. 3.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  4. 4.A small family shop borrows ₹900 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  5. 5.Joseph’s stall made a profit of ₹300. Joseph saves 50% of it. How many rupees are saved?
  6. 6.🏦 Interest on a loan is… (a) the cost of borrowing (b) a gift (c) free money (d) a discount
  7. 7.Aarav’s stall made a profit of ₹1500. Aarav saves 20% of it. How many rupees are saved?
  8. 8.📆 Why repay a loan on time? (a) to pay more interest (b) to lose friends (c) it does not matter (d) to keep trust
  9. 9.Vihaan’s stall made a profit of ₹1100. Vihaan saves 25% of it. How many rupees are saved?
  10. 10.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
  11. 11.Which of these is spending on yourself? (a) an emergency fund (b) a piggy bank for later (c) profit put in a bank (d) a new video game
  12. 12.Farhan’s stall made a profit of ₹1400. Farhan saves 20% of it. How many rupees are saved?
  13. 13.Which of these is spending on yourself? (a) profit put in a bank (b) better paint for cards (c) more seeds for next time (d) sweets for yourself
  14. 14.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) spending (c) saving
  15. 15.🐷 Why save part of the profit? (a) to waste it later (b) saving is a loss (c) no reason (d) for bad days and goals
  16. 16.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  17. 17.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) talk to parents (c) ask strangers (d) take it secretly
  18. 18.A small family shop borrows ₹600 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  19. 19.Which of these is saving? (a) a piggy bank for later (b) sweets for yourself (c) a cinema ticket (d) buying a second juicer
  20. 20.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) spending (c) saving
  21. 21.Ananya’s stall made a profit of ₹1000. Ananya saves 10% of it. How many rupees are saved?
  22. 22.A small family shop borrows ₹100 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  23. 23.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) saving (c) spending
  24. 24.Vihaan’s stall made a profit of ₹2000. Vihaan saves 50% of it. How many rupees are saved?
  25. 25.Vihaan’s stall made a profit of ₹2000. Vihaan saves 10% of it. How many rupees are saved?
  26. 26.A small family shop borrows ₹400 from a bank at 3% simple interest per year. How much interest is due after 2 years (in ₹)?
  27. 27.A small family shop borrows ₹400 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  28. 28.Riya’s stall made a profit of ₹1600. Riya saves 20% of it. How many rupees are saved?
  29. 29.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  30. 30.🔁 Reinvesting means… (a) giving it away (b) putting profit back in (c) hiding it (d) spending it on games
  31. 31.Aarav’s stall made a profit of ₹1200. Aarav saves 25% of it. How many rupees are saved?
  32. 32.A small family shop borrows ₹900 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  33. 33.Which of these is saving? (a) buying a second juicer (b) better paint for cards (c) profit put in a bank (d) more seeds for next time
  34. 34.Ananya’s stall made a profit of ₹1200. Ananya saves 50% of it. How many rupees are saved?
  35. 35.Which of these is saving? (a) an emergency fund (b) better paint for cards (c) sweets for yourself (d) buying a second juicer
  36. 36.Which of these is reinvesting in the business? (a) a new video game (b) sweets for yourself (c) buying a second juicer (d) a cinema ticket
  37. 37.A small family shop borrows ₹400 from a bank at 5% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  38. 38.A small family shop borrows ₹400 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  39. 39.A small family shop borrows ₹900 from a bank at 9% simple interest per year. How much interest is due after 2 years (in ₹)?
  40. 40.A small family shop borrows ₹500 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?

Answer key

  1. can I pay it back?
  2. 120
  3. 545
  4. 243
  5. 150
  6. the cost of borrowing
  7. 300
  8. to keep trust
  9. 275
  10. saving
  11. a new video game
  12. 280
  13. sweets for yourself
  14. saving
  15. for bad days and goals
  16. spending
  17. talk to parents
  18. 36
  19. a piggy bank for later
  20. reinvesting
  21. 100
  22. 27
  23. reinvesting
  24. 1000
  25. 200
  26. 24
  27. 8
  28. 320
  29. 630
  30. putting profit back in
  31. 300
  32. 954
  33. profit put in a bank
  34. 600
  35. an emergency fund
  36. buying a second juicer
  37. 440
  38. 24
  39. 162
  40. 35

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