← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 477 · 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.🏦 Interest on a loan is… (a) a discount (b) free money (c) a gift (d) the cost of borrowing
  2. 2.Which of these is saving? (a) better paint for cards (b) a cinema ticket (c) a new video game (d) an emergency fund
  3. 3.💡 Before borrowing, what should you ask? (a) how fast can I spend? (b) nothing (c) what is the logo? (d) can I pay it back?
  4. 4.Which of these is saving? (a) buying a second juicer (b) sweets for yourself (c) a piggy bank for later (d) a new video game
  5. 5.Saanvi’s stall made a profit of ₹1000. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  6. 6.Tara’s stall made a profit of ₹200. Tara saves 50% of it. How many rupees are saved?
  7. 7.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) reinvesting (c) spending
  8. 8.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) saving (c) spending
  9. 9.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) reinvesting (c) spending
  10. 10.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) saving (c) reinvesting
  11. 11.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) ask strangers (c) borrow online alone (d) talk to parents
  12. 12.Rohan’s stall made a profit of ₹200. 25% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  13. 13.📆 Why repay a loan on time? (a) to pay more interest (b) to lose friends (c) to keep trust (d) it does not matter
  14. 14.A small family shop borrows ₹700 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  15. 15.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  16. 16.A small family shop borrows ₹500 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  17. 17.Farhan’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?
  18. 18.🐷 Saving, reinvesting or spending: sweets for yourself? (a) spending (b) saving (c) reinvesting
  19. 19.Meera’s stall made a profit of ₹2000. Meera saves 50% of it. How many rupees are saved?
  20. 20.A small family shop borrows ₹300 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
  21. 21.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) spending (c) saving
  22. 22.Nisha’s stall made a profit of ₹800. Nisha saves 10% of it. How many rupees are saved?
  23. 23.A small family shop borrows ₹400 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  24. 24.🔁 Reinvesting means… (a) putting profit back in (b) giving it away (c) spending it on games (d) hiding it
  25. 25.Which of these is spending on yourself? (a) buying a second juicer (b) profit put in a bank (c) sweets for yourself (d) an emergency fund
  26. 26.Joseph’s stall made a profit of ₹1700. Joseph saves 10% of it. How many rupees are saved?
  27. 27.A small family shop borrows ₹200 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  28. 28.Which of these is spending on yourself? (a) buying a second juicer (b) an emergency fund (c) a piggy bank for later (d) a cinema ticket
  29. 29.A small family shop borrows ₹300 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  30. 30.🐷 Why save part of the profit? (a) to waste it later (b) saving is a loss (c) for bad days and goals (d) no reason
  31. 31.Lakshmi’s stall made a profit of ₹1600. Lakshmi saves 10% of it. How many rupees are saved?
  32. 32.Farhan’s stall made a profit of ₹1100. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  33. 33.Diya’s stall made a profit of ₹700. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  34. 34.Rohan’s stall made a profit of ₹500. Rohan saves 20% of it. How many rupees are saved?
  35. 35.Which of these is saving? (a) profit put in a bank (b) sweets for yourself (c) better paint for cards (d) more seeds for next time
  36. 36.A small family shop borrows ₹800 from a bank at 8% simple interest per year. How much interest is due after 2 years (in ₹)?
  37. 37.Joseph’s stall made a profit of ₹1100. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  38. 38.Vihaan’s stall made a profit of ₹600. Vihaan saves 25% of it. How many rupees are saved?
  39. 39.Which of these is spending on yourself? (a) a new video game (b) a piggy bank for later (c) buying a second juicer (d) more seeds for next time
  40. 40.🐷 Saving, reinvesting or spending: a new video game? (a) reinvesting (b) saving (c) spending

Answer key

  1. the cost of borrowing
  2. an emergency fund
  3. can I pay it back?
  4. a piggy bank for later
  5. 300
  6. 100
  7. reinvesting
  8. saving
  9. saving
  10. saving
  11. talk to parents
  12. 70
  13. to keep trust
  14. 42
  15. 856
  16. 535
  17. 1000
  18. spending
  19. 1000
  20. 24
  21. reinvesting
  22. 80
  23. 36
  24. putting profit back in
  25. sweets for yourself
  26. 170
  27. 60
  28. a cinema ticket
  29. 321
  30. for bad days and goals
  31. 160
  32. 330
  33. 280
  34. 100
  35. profit put in a bank
  36. 128
  37. 330
  38. 150
  39. a new video game
  40. spending

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