← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 532 · 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.Which of these is reinvesting in the business? (a) a cinema ticket (b) an emergency fund (c) sweets for yourself (d) more seeds for next time
  2. 2.Kabir’s stall made a profit of ₹1600. Kabir saves 25% of it. How many rupees are saved?
  3. 3.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  4. 4.Kabir’s stall made a profit of ₹1000. Kabir saves 20% of it. How many rupees are saved?
  5. 5.Arjun’s stall made a profit of ₹600. Arjun saves 10% of it. How many rupees are saved?
  6. 6.Gurpreet’s stall made a profit of ₹700. Gurpreet saves 20% of it. How many rupees are saved?
  7. 7.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) reinvesting (c) spending
  8. 8.Ishaan’s stall made a profit of ₹400. Ishaan saves 20% of it. How many rupees are saved?
  9. 9.Riya’s stall made a profit of ₹400. Riya saves 50% of it. How many rupees are saved?
  10. 10.A small family shop borrows ₹1000 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  11. 11.📆 Why repay a loan on time? (a) to pay more interest (b) to lose friends (c) to keep trust (d) it does not matter
  12. 12.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  13. 13.A small family shop borrows ₹100 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  14. 14.🏦 Interest on a loan is… (a) a discount (b) the cost of borrowing (c) free money (d) a gift
  15. 15.A small family shop borrows ₹500 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  16. 16.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) spending (c) reinvesting
  17. 17.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) saving (c) spending
  18. 18.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) reinvesting (c) spending
  19. 19.💡 Before borrowing, what should you ask? (a) what is the logo? (b) can I pay it back? (c) nothing (d) how fast can I spend?
  20. 20.Arjun’s stall made a profit of ₹1900. Arjun saves 10% of it. How many rupees are saved?
  21. 21.A small family shop borrows ₹400 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  22. 22.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) reinvesting (c) spending
  23. 23.Which of these is reinvesting in the business? (a) an emergency fund (b) buying a second juicer (c) a new video game (d) profit put in a bank
  24. 24.Which of these is saving? (a) sweets for yourself (b) more seeds for next time (c) profit put in a bank (d) buying a second juicer
  25. 25.Which of these is spending on yourself? (a) an emergency fund (b) a cinema ticket (c) a piggy bank for later (d) profit put in a bank
  26. 26.A small family shop borrows ₹300 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  27. 27.Which of these is saving? (a) an emergency fund (b) more seeds for next time (c) sweets for yourself (d) buying a second juicer
  28. 28.Nisha’s stall made a profit of ₹1300. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  29. 29.A small family shop borrows ₹1000 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  30. 30.Riya’s stall made a profit of ₹1800. 25% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  31. 31.Which of these is spending on yourself? (a) a piggy bank for later (b) sweets for yourself (c) an emergency fund (d) better paint for cards
  32. 32.Dev’s stall made a profit of ₹600. Dev saves 25% of it. How many rupees are saved?
  33. 33.👪 A teen wants to borrow for a business idea. First step? (a) talk to parents (b) borrow online alone (c) take it secretly (d) ask strangers
  34. 34.Diya’s stall made a profit of ₹1900. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  35. 35.Which of these is saving? (a) sweets for yourself (b) more seeds for next time (c) better paint for cards (d) a piggy bank for later
  36. 36.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) reinvesting (c) spending
  37. 37.A small family shop borrows ₹900 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  38. 38.🐷 Saving, reinvesting or spending: buying a second juicer? (a) spending (b) saving (c) reinvesting
  39. 39.Diya’s stall made a profit of ₹1700. Diya saves 10% of it. How many rupees are saved?
  40. 40.A small family shop borrows ₹600 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?

Answer key

  1. more seeds for next time
  2. 400
  3. saving
  4. 200
  5. 60
  6. 140
  7. spending
  8. 80
  9. 200
  10. 1180
  11. to keep trust
  12. 114
  13. 130
  14. the cost of borrowing
  15. 510
  16. spending
  17. saving
  18. reinvesting
  19. can I pay it back?
  20. 190
  21. 428
  22. saving
  23. buying a second juicer
  24. profit put in a bank
  25. a cinema ticket
  26. 24
  27. an emergency fund
  28. 650
  29. 1180
  30. 720
  31. sweets for yourself
  32. 150
  33. talk to parents
  34. 380
  35. a piggy bank for later
  36. spending
  37. 1170
  38. reinvesting
  39. 170
  40. 54

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