← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 6 · 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 spending on yourself? (a) profit put in a bank (b) a piggy bank for later (c) sweets for yourself (d) better paint for cards
  2. 2.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) saving (c) reinvesting
  3. 3.🐷 Why save part of the profit? (a) no reason (b) to waste it later (c) saving is a loss (d) for bad days and goals
  4. 4.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  5. 5.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) saving (c) reinvesting
  6. 6.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) reinvesting (c) saving
  7. 7.🔁 Reinvesting means… (a) spending it on games (b) giving it away (c) hiding it (d) putting profit back in
  8. 8.A small family shop borrows ₹600 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  9. 9.🏦 Interest on a loan is… (a) free money (b) the cost of borrowing (c) a gift (d) a discount
  10. 10.A small family shop borrows ₹500 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  11. 11.Which of these is saving? (a) profit put in a bank (b) better paint for cards (c) more seeds for next time (d) buying a second juicer
  12. 12.A small family shop borrows ₹100 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  13. 13.Ananya’s stall made a profit of ₹1900. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  14. 14.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  15. 15.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 ₹)?
  16. 16.Which of these is reinvesting in the business? (a) a cinema ticket (b) more seeds for next time (c) a piggy bank for later (d) profit put in a bank
  17. 17.Which of these is reinvesting in the business? (a) a new video game (b) better paint for cards (c) profit put in a bank (d) a piggy bank for later
  18. 18.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) borrow online alone (c) talk to parents (d) take it secretly
  19. 19.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  20. 20.Which of these is reinvesting in the business? (a) sweets for yourself (b) an emergency fund (c) buying a second juicer (d) a piggy bank for later
  21. 21.🐷 Saving, reinvesting or spending: sweets for yourself? (a) spending (b) reinvesting (c) saving
  22. 22.Lakshmi’s stall made a profit of ₹200. Lakshmi saves 50% of it. How many rupees are saved?
  23. 23.Farhan’s stall made a profit of ₹700. Farhan saves 10% of it. How many rupees are saved?
  24. 24.Aarav’s stall made a profit of ₹1900. Aarav saves 10% of it. How many rupees are saved?
  25. 25.Lakshmi’s stall made a profit of ₹500. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  26. 26.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  27. 27.Which of these is saving? (a) an emergency fund (b) a cinema ticket (c) more seeds for next time (d) a new video game
  28. 28.A small family shop borrows ₹1000 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  29. 29.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) reinvesting (c) spending
  30. 30.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much interest is due after 2 years (in ₹)?
  31. 31.A small family shop borrows ₹300 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  32. 32.A small family shop borrows ₹500 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  33. 33.A small family shop borrows ₹800 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  34. 34.A small family shop borrows ₹900 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  35. 35.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 ₹)?
  36. 36.Saanvi’s stall made a profit of ₹1400. Saanvi saves 50% of it. How many rupees are saved?
  37. 37.Joseph’s stall made a profit of ₹200. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  38. 38.A small family shop borrows ₹800 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  39. 39.A small family shop borrows ₹900 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  40. 40.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?

Answer key

  1. sweets for yourself
  2. saving
  3. for bad days and goals
  4. 770
  5. saving
  6. reinvesting
  7. putting profit back in
  8. 180
  9. the cost of borrowing
  10. 560
  11. profit put in a bank
  12. 3
  13. 570
  14. spending
  15. 342
  16. more seeds for next time
  17. better paint for cards
  18. talk to parents
  19. reinvesting
  20. buying a second juicer
  21. spending
  22. 100
  23. 70
  24. 190
  25. 200
  26. 104
  27. an emergency fund
  28. 1210
  29. spending
  30. 30
  31. 336
  32. 25
  33. 32
  34. 945
  35. 1090
  36. 700
  37. 80
  38. 48
  39. 954
  40. 15

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