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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 531 · 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 ₹300 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  2. 2.Meera’s stall made a profit of ₹1400. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  3. 3.A small family shop borrows ₹200 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  4. 4.Which of these is saving? (a) more seeds for next time (b) a cinema ticket (c) buying a second juicer (d) a piggy bank for later
  5. 5.Diya’s stall made a profit of ₹800. 25% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  6. 6.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) reinvesting (c) saving
  7. 7.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) reinvesting (c) spending
  8. 8.Which of these is spending on yourself? (a) buying a second juicer (b) profit put in a bank (c) a new video game (d) an emergency fund
  9. 9.Which of these is spending on yourself? (a) an emergency fund (b) better paint for cards (c) sweets for yourself (d) a piggy bank for later
  10. 10.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  11. 11.A small family shop borrows ₹400 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  12. 12.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  13. 13.A small family shop borrows ₹1000 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  14. 14.🔁 Reinvesting means… (a) giving it away (b) hiding it (c) putting profit back in (d) spending it on games
  15. 15.Kabir’s stall made a profit of ₹700. Kabir saves 50% of it. How many rupees are saved?
  16. 16.Ananya’s stall made a profit of ₹600. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  17. 17.A small family shop borrows ₹700 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  18. 18.🏦 Interest on a loan is… (a) the cost of borrowing (b) a discount (c) a gift (d) free money
  19. 19.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much interest is due after 2 years (in ₹)?
  20. 20.Which of these is saving? (a) sweets for yourself (b) profit put in a bank (c) more seeds for next time (d) a cinema ticket
  21. 21.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  22. 22.A small family shop borrows ₹300 from a bank at 5% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  23. 23.A small family shop borrows ₹700 from a bank at 6% simple interest per year. How much interest is due after 2 years (in ₹)?
  24. 24.Kavya’s stall made a profit of ₹400. Kavya saves 10% of it. How many rupees are saved?
  25. 25.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) reinvesting (c) spending
  26. 26.Diya’s stall made a profit of ₹2000. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  27. 27.A small family shop borrows ₹500 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  28. 28.A small family shop borrows ₹200 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  29. 29.Which of these is reinvesting in the business? (a) profit put in a bank (b) a new video game (c) an emergency fund (d) more seeds for next time
  30. 30.👪 A teen wants to borrow for a business idea. First step? (a) talk to parents (b) ask strangers (c) take it secretly (d) borrow online alone
  31. 31.A small family shop borrows ₹700 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  32. 32.💡 Before borrowing, what should you ask? (a) what is the logo? (b) nothing (c) how fast can I spend? (d) can I pay it back?
  33. 33.A small family shop borrows ₹400 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  34. 34.Tara’s stall made a profit of ₹1400. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  35. 35.Diya’s stall made a profit of ₹300. Diya saves 50% of it. How many rupees are saved?
  36. 36.Which of these is reinvesting in the business? (a) a new video game (b) a piggy bank for later (c) a cinema ticket (d) buying a second juicer
  37. 37.Which of these is saving? (a) buying a second juicer (b) an emergency fund (c) better paint for cards (d) more seeds for next time
  38. 38.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving
  39. 39.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  40. 40.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 ₹)?

Answer key

  1. 330
  2. 700
  3. 224
  4. a piggy bank for later
  5. 240
  6. saving
  7. reinvesting
  8. a new video game
  9. sweets for yourself
  10. 910
  11. 496
  12. 4
  13. 1090
  14. putting profit back in
  15. 350
  16. 150
  17. 868
  18. the cost of borrowing
  19. 60
  20. profit put in a bank
  21. 102
  22. 345
  23. 84
  24. 40
  25. reinvesting
  26. 1000
  27. 40
  28. 12
  29. more seeds for next time
  30. talk to parents
  31. 728
  32. can I pay it back?
  33. 472
  34. 840
  35. 150
  36. buying a second juicer
  37. an emergency fund
  38. saving
  39. reinvesting
  40. 981

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