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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 508 · 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.A small family shop borrows ₹900 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  2. 2.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  3. 3.A small family shop borrows ₹400 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  4. 4.Which of these is reinvesting in the business? (a) a cinema ticket (b) buying a second juicer (c) sweets for yourself (d) profit put in a bank
  5. 5.Diya’s stall made a profit of ₹2000. 25% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  6. 6.Arjun’s stall made a profit of ₹500. Arjun saves 10% of it. How many rupees are saved?
  7. 7.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  8. 8.Which of these is spending on yourself? (a) a cinema ticket (b) profit put in a bank (c) a piggy bank for later (d) better paint for cards
  9. 9.Which of these is spending on yourself? (a) an emergency fund (b) a piggy bank for later (c) more seeds for next time (d) sweets for yourself
  10. 10.📆 Why repay a loan on time? (a) it does not matter (b) to lose friends (c) to pay more interest (d) to keep trust
  11. 11.Ananya’s stall made a profit of ₹500. Ananya saves 20% of it. How many rupees are saved?
  12. 12.A small family shop borrows ₹700 from a bank at 5% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  13. 13.Which of these is saving? (a) sweets for yourself (b) more seeds for next time (c) buying a second juicer (d) an emergency fund
  14. 14.Which of these is saving? (a) more seeds for next time (b) buying a second juicer (c) sweets for yourself (d) profit put in a bank
  15. 15.A small family shop borrows ₹900 from a bank at 5% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  16. 16.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) saving (c) reinvesting
  17. 17.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) talk to parents (c) take it secretly (d) ask strangers
  18. 18.Saanvi’s stall made a profit of ₹1600. 25% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  19. 19.Aarav’s stall made a profit of ₹1200. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  20. 20.Joseph’s stall made a profit of ₹1300. Joseph saves 25% of it. How many rupees are saved?
  21. 21.Dev’s stall made a profit of ₹900. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  22. 22.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  23. 23.A small family shop borrows ₹600 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  24. 24.🐷 Saving, reinvesting or spending: sweets for yourself? (a) spending (b) saving (c) reinvesting
  25. 25.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  26. 26.Lakshmi’s stall made a profit of ₹2000. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  27. 27.Diya’s stall made a profit of ₹500. Diya saves 10% of it. How many rupees are saved?
  28. 28.A small family shop borrows ₹300 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  29. 29.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) saving (c) reinvesting
  30. 30.Which of these is spending on yourself? (a) a new video game (b) a piggy bank for later (c) profit put in a bank (d) an emergency fund
  31. 31.🐷 Why save part of the profit? (a) saving is a loss (b) for bad days and goals (c) to waste it later (d) no reason
  32. 32.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  33. 33.💡 Before borrowing, what should you ask? (a) what is the logo? (b) nothing (c) can I pay it back? (d) how fast can I spend?
  34. 34.Farhan’s stall made a profit of ₹1700. Farhan saves 50% of it. How many rupees are saved?
  35. 35.A small family shop borrows ₹700 from a bank at 8% simple interest per year. How much interest is due after 3 years (in ₹)?
  36. 36.🏦 Interest on a loan is… (a) free money (b) the cost of borrowing (c) a gift (d) a discount
  37. 37.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  38. 38.Farhan’s stall made a profit of ₹1000. Farhan saves 20% of it. How many rupees are saved?
  39. 39.A small family shop borrows ₹600 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  40. 40.Which of these is saving? (a) a cinema ticket (b) a piggy bank for later (c) sweets for yourself (d) buying a second juicer

Answer key

  1. 981
  2. 1044
  3. 472
  4. buying a second juicer
  5. 600
  6. 50
  7. reinvesting
  8. a cinema ticket
  9. sweets for yourself
  10. to keep trust
  11. 100
  12. 805
  13. an emergency fund
  14. profit put in a bank
  15. 990
  16. spending
  17. talk to parents
  18. 560
  19. 240
  20. 325
  21. 360
  22. saving
  23. 660
  24. spending
  25. 2
  26. 800
  27. 50
  28. 342
  29. reinvesting
  30. a new video game
  31. for bad days and goals
  32. 4
  33. can I pay it back?
  34. 850
  35. 168
  36. the cost of borrowing
  37. 840
  38. 200
  39. 708
  40. a piggy bank for later

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