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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 594 · 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.Which of these is reinvesting in the business? (a) a piggy bank for later (b) an emergency fund (c) sweets for yourself (d) buying a second juicer
  2. 2.Which of these is saving? (a) a piggy bank for later (b) buying a second juicer (c) sweets for yourself (d) a new video game
  3. 3.Rohan’s stall made a profit of ₹1000. Rohan saves 10% of it. How many rupees are saved?
  4. 4.A small family shop borrows ₹200 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  5. 5.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) spending (c) reinvesting
  6. 6.A small family shop borrows ₹1000 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  7. 7.A small family shop borrows ₹1000 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  8. 8.Which of these is saving? (a) buying a second juicer (b) profit put in a bank (c) sweets for yourself (d) a cinema ticket
  9. 9.💡 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?
  10. 10.Aarav’s stall made a profit of ₹400. Aarav saves 50% of it. How many rupees are saved?
  11. 11.🏦 Interest on a loan is… (a) the cost of borrowing (b) free money (c) a gift (d) a discount
  12. 12.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  13. 13.📆 Why repay a loan on time? (a) to pay more interest (b) to lose friends (c) to keep trust (d) it does not matter
  14. 14.Tara’s stall made a profit of ₹2000. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  15. 15.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) saving (c) reinvesting
  16. 16.Dev’s stall made a profit of ₹300. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  17. 17.Kabir’s stall made a profit of ₹700. Kabir saves 20% of it. How many rupees are saved?
  18. 18.Which of these is reinvesting in the business? (a) profit put in a bank (b) sweets for yourself (c) a cinema ticket (d) better paint for cards
  19. 19.Tara’s stall made a profit of ₹200. Tara saves 50% of it. How many rupees are saved?
  20. 20.Which of these is spending on yourself? (a) more seeds for next time (b) better paint for cards (c) a piggy bank for later (d) sweets for yourself
  21. 21.A small family shop borrows ₹1000 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  22. 22.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) a new video game
  23. 23.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) spending (c) reinvesting
  24. 24.A small family shop borrows ₹400 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
  25. 25.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) spending (c) saving
  26. 26.Which of these is spending on yourself? (a) more seeds for next time (b) a cinema ticket (c) a piggy bank for later (d) buying a second juicer
  27. 27.Rohan’s stall made a profit of ₹1300. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  28. 28.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) reinvesting (c) spending
  29. 29.Lakshmi’s stall made a profit of ₹600. Lakshmi saves 25% of it. How many rupees are saved?
  30. 30.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  31. 31.Zoya’s stall made a profit of ₹600. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  32. 32.🐷 Why save part of the profit? (a) no reason (b) saving is a loss (c) to waste it later (d) for bad days and goals
  33. 33.👪 A teen wants to borrow for a business idea. First step? (a) talk to parents (b) borrow online alone (c) ask strangers (d) take it secretly
  34. 34.A small family shop borrows ₹600 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  35. 35.A small family shop borrows ₹100 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  36. 36.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) reinvesting (c) saving
  37. 37.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 ₹)?
  38. 38.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  39. 39.Riya’s stall made a profit of ₹500. Riya saves 10% of it. How many rupees are saved?
  40. 40.A small family shop borrows ₹800 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?

Answer key

  1. buying a second juicer
  2. a piggy bank for later
  3. 100
  4. 30
  5. spending
  6. 140
  7. 1100
  8. profit put in a bank
  9. can I pay it back?
  10. 200
  11. the cost of borrowing
  12. spending
  13. to keep trust
  14. 600
  15. saving
  16. 60
  17. 140
  18. better paint for cards
  19. 100
  20. sweets for yourself
  21. 1040
  22. a new video game
  23. saving
  24. 32
  25. reinvesting
  26. a cinema ticket
  27. 910
  28. spending
  29. 150
  30. 1026
  31. 180
  32. for bad days and goals
  33. talk to parents
  34. 162
  35. 6
  36. reinvesting
  37. 318
  38. 742
  39. 50
  40. 872

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