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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 494 · 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) free money (b) a discount (c) a gift (d) the cost of borrowing
  2. 2.Kavya’s stall made a profit of ₹300. Kavya saves 10% of it. How many rupees are saved?
  3. 3.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  4. 4.Kavya’s stall made a profit of ₹800. Kavya saves 50% of it. How many rupees are saved?
  5. 5.Which of these is spending on yourself? (a) more seeds for next time (b) a piggy bank for later (c) buying a second juicer (d) sweets for yourself
  6. 6.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?
  7. 7.🔁 Reinvesting means… (a) giving it away (b) putting profit back in (c) spending it on games (d) hiding it
  8. 8.🐷 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
  9. 9.Diya’s stall made a profit of ₹2000. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  10. 10.Which of these is reinvesting in the business? (a) a piggy bank for later (b) a new video game (c) profit put in a bank (d) more seeds for next time
  11. 11.Nisha’s stall made a profit of ₹1400. Nisha saves 25% of it. How many rupees are saved?
  12. 12.Which of these is saving? (a) a new video game (b) profit put in a bank (c) buying a second juicer (d) better paint for cards
  13. 13.A small family shop borrows ₹700 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  14. 14.A small family shop borrows ₹800 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  15. 15.Which of these is reinvesting in the business? (a) profit put in a bank (b) better paint for cards (c) an emergency fund (d) a piggy bank for later
  16. 16.A small family shop borrows ₹700 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?
  17. 17.💡 Before borrowing, what should you ask? (a) nothing (b) how fast can I spend? (c) what is the logo? (d) can I pay it back?
  18. 18.Dev’s stall made a profit of ₹1200. Dev saves 50% of it. How many rupees are saved?
  19. 19.Diya’s stall made a profit of ₹400. Diya saves 50% of it. How many rupees are saved?
  20. 20.A small family shop borrows ₹1000 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  21. 21.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) saving (c) spending
  22. 22.Riya’s stall made a profit of ₹800. Riya saves 10% of it. How many rupees are saved?
  23. 23.Joseph’s stall made a profit of ₹2000. Joseph saves 20% of it. How many rupees are saved?
  24. 24.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) take it secretly (c) borrow online alone (d) talk to parents
  25. 25.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much interest is due after 3 years (in ₹)?
  26. 26.A small family shop borrows ₹800 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  27. 27.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) saving (c) spending
  28. 28.Diya’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?
  29. 29.A small family shop borrows ₹800 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
  30. 30.A small family shop borrows ₹500 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  31. 31.Which of these is spending on yourself? (a) a piggy bank for later (b) a new video game (c) better paint for cards (d) buying a second juicer
  32. 32.Kabir’s stall made a profit of ₹1200. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  33. 33.Farhan’s stall made a profit of ₹700. Farhan saves 50% of it. How many rupees are saved?
  34. 34.Arjun’s stall made a profit of ₹1000. Arjun saves 20% of it. How many rupees are saved?
  35. 35.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) saving (c) reinvesting
  36. 36.A small family shop borrows ₹200 from a bank at 10% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  37. 37.Arjun’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 spent?
  38. 38.A small family shop borrows ₹300 from a bank at 8% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  39. 39.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) reinvesting (c) spending
  40. 40.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) spending (c) reinvesting

Answer key

  1. the cost of borrowing
  2. 30
  3. 721
  4. 400
  5. sweets for yourself
  6. 70
  7. putting profit back in
  8. for bad days and goals
  9. 1100
  10. more seeds for next time
  11. 350
  12. profit put in a bank
  13. 28
  14. 48
  15. better paint for cards
  16. 84
  17. can I pay it back?
  18. 600
  19. 200
  20. 1080
  21. saving
  22. 80
  23. 400
  24. talk to parents
  25. 90
  26. 216
  27. reinvesting
  28. 160
  29. 72
  30. 520
  31. a new video game
  32. 360
  33. 350
  34. 200
  35. reinvesting
  36. 240
  37. 250
  38. 348
  39. spending
  40. saving

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