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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 596 · 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.💡 Before borrowing, what should you ask? (a) nothing (b) what is the logo? (c) how fast can I spend? (d) can I pay it back?
  2. 2.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) saving (c) spending
  3. 3.🐷 Saving, reinvesting or spending: a cinema ticket? (a) reinvesting (b) saving (c) spending
  4. 4.Arjun’s stall made a profit of ₹200. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  5. 5.Meera’s stall made a profit of ₹600. Meera saves 10% of it. How many rupees are saved?
  6. 6.Dev’s stall made a profit of ₹1900. Dev saves 20% of it. How many rupees are saved?
  7. 7.A small family shop borrows ₹100 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  8. 8.🔁 Reinvesting means… (a) giving it away (b) hiding it (c) putting profit back in (d) spending it on games
  9. 9.Which of these is saving? (a) a new video game (b) buying a second juicer (c) profit put in a bank (d) better paint for cards
  10. 10.A small family shop borrows ₹600 from a bank at 6% simple interest per year. How much interest is due after 2 years (in ₹)?
  11. 11.Gurpreet’s stall made a profit of ₹800. Gurpreet saves 20% of it. How many rupees are saved?
  12. 12.Nisha’s stall made a profit of ₹900. Nisha saves 25% of it. How many rupees are saved?
  13. 13.A small family shop borrows ₹300 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  14. 14.Saanvi’s stall made a profit of ₹200. Saanvi saves 25% of it. How many rupees are saved?
  15. 15.A small family shop borrows ₹200 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?
  16. 16.Which of these is spending on yourself? (a) a new video game (b) better paint for cards (c) profit put in a bank (d) buying a second juicer
  17. 17.A small family shop borrows ₹400 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  18. 18.👪 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
  19. 19.Rohan’s stall made a profit of ₹1100. Rohan saves 20% of it. How many rupees are saved?
  20. 20.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 ₹)?
  21. 21.Ananya’s stall made a profit of ₹1500. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  22. 22.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) spending (c) saving
  23. 23.Tara’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 spent?
  24. 24.A small family shop borrows ₹900 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  25. 25.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving
  26. 26.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) spending (c) reinvesting
  27. 27.Which of these is saving? (a) a piggy bank for later (b) better paint for cards (c) more seeds for next time (d) a cinema ticket
  28. 28.A small family shop borrows ₹500 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  29. 29.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  30. 30.A small family shop borrows ₹700 from a bank at 8% 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 ₹1600. Zoya saves 10% of it. How many rupees are saved?
  32. 32.Which of these is reinvesting in the business? (a) a new video game (b) profit put in a bank (c) better paint for cards (d) an emergency fund
  33. 33.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) saving (c) reinvesting
  34. 34.A small family shop borrows ₹200 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  35. 35.🐷 Why save part of the profit? (a) for bad days and goals (b) to waste it later (c) saving is a loss (d) no reason
  36. 36.🏦 Interest on a loan is… (a) a gift (b) free money (c) a discount (d) the cost of borrowing
  37. 37.Ishaan’s stall made a profit of ₹1000. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  38. 38.Aarav’s stall made a profit of ₹200. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  39. 39.Rohan’s stall made a profit of ₹700. 25% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  40. 40.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?

Answer key

  1. can I pay it back?
  2. reinvesting
  3. spending
  4. 60
  5. 60
  6. 380
  7. 106
  8. putting profit back in
  9. profit put in a bank
  10. 72
  11. 160
  12. 225
  13. 6
  14. 50
  15. 24
  16. a new video game
  17. 24
  18. talk to parents
  19. 220
  20. 342
  21. 450
  22. saving
  23. 210
  24. 936
  25. saving
  26. spending
  27. a piggy bank for later
  28. 520
  29. 690
  30. 812
  31. 160
  32. better paint for cards
  33. reinvesting
  34. 208
  35. for bad days and goals
  36. the cost of borrowing
  37. 500
  38. 60
  39. 245
  40. 104

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