← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 503 · 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.A small family shop borrows ₹300 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  2. 2.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) spending (c) reinvesting
  3. 3.Tara’s stall made a profit of ₹500. Tara saves 20% of it. How many rupees are saved?
  4. 4.A small family shop borrows ₹800 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  5. 5.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) ask strangers (c) take it secretly (d) talk to parents
  6. 6.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) spending (c) saving
  7. 7.A small family shop borrows ₹700 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
  8. 8.Which of these is spending on yourself? (a) a piggy bank for later (b) buying a second juicer (c) a new video game (d) more seeds for next time
  9. 9.🐷 Why save part of the profit? (a) no reason (b) saving is a loss (c) for bad days and goals (d) to waste it later
  10. 10.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  11. 11.A small family shop borrows ₹500 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  12. 12.Saanvi’s stall made a profit of ₹900. Saanvi saves 10% of it. How many rupees are saved?
  13. 13.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  14. 14.🐷 Saving, reinvesting or spending: buying a second juicer? (a) spending (b) saving (c) reinvesting
  15. 15.🐷 Saving, reinvesting or spending: sweets for yourself? (a) spending (b) reinvesting (c) saving
  16. 16.A small family shop borrows ₹900 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  17. 17.A small family shop borrows ₹600 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?
  18. 18.Tara’s stall made a profit of ₹500. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  19. 19.Aarav’s stall made a profit of ₹1700. Aarav saves 50% of it. How many rupees are saved?
  20. 20.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) reinvesting (c) spending
  21. 21.Farhan’s stall made a profit of ₹1000. Farhan saves 50% of it. How many rupees are saved?
  22. 22.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  23. 23.Arjun’s stall made a profit of ₹1400. Arjun saves 50% of it. How many rupees are saved?
  24. 24.Gurpreet’s stall made a profit of ₹500. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  25. 25.Aarav’s stall made a profit of ₹1400. Aarav saves 25% of it. How many rupees are saved?
  26. 26.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) saving (c) reinvesting
  27. 27.Which of these is reinvesting in the business? (a) a cinema ticket (b) better paint for cards (c) an emergency fund (d) a new video game
  28. 28.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) spending (c) saving
  29. 29.A small family shop borrows ₹500 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  30. 30.💡 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?
  31. 31.Riya’s stall made a profit of ₹600. 25% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  32. 32.🏦 Interest on a loan is… (a) a gift (b) free money (c) a discount (d) the cost of borrowing
  33. 33.A small family shop borrows ₹1000 from a bank at 8% simple interest per year. How much interest is due after 3 years (in ₹)?
  34. 34.A small family shop borrows ₹900 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  35. 35.A small family shop borrows ₹600 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
  36. 36.Rohan’s stall made a profit of ₹1300. Rohan saves 25% of it. How many rupees are saved?
  37. 37.Which of these is spending on yourself? (a) a cinema ticket (b) better paint for cards (c) a piggy bank for later (d) profit put in a bank
  38. 38.Saanvi’s stall made a profit of ₹300. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  39. 39.Which of these is saving? (a) buying a second juicer (b) sweets for yourself (c) a piggy bank for later (d) more seeds for next time
  40. 40.Diya’s stall made a profit of ₹600. Diya saves 50% of it. How many rupees are saved?

Answer key

  1. 318
  2. saving
  3. 100
  4. 992
  5. talk to parents
  6. reinvesting
  7. 63
  8. a new video game
  9. for bad days and goals
  10. 972
  11. 550
  12. 90
  13. 1116
  14. reinvesting
  15. spending
  16. 1062
  17. 72
  18. 150
  19. 850
  20. spending
  21. 500
  22. 30
  23. 700
  24. 100
  25. 350
  26. reinvesting
  27. better paint for cards
  28. saving
  29. 20
  30. can I pay it back?
  31. 240
  32. the cost of borrowing
  33. 240
  34. 1008
  35. 48
  36. 325
  37. a cinema ticket
  38. 60
  39. a piggy bank for later
  40. 300

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