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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 621 · 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 saving? (a) more seeds for next time (b) sweets for yourself (c) a piggy bank for later (d) buying a second juicer
  2. 2.Which of these is spending on yourself? (a) a piggy bank for later (b) an emergency fund (c) a new video game (d) buying a second juicer
  3. 3.Saanvi’s stall made a profit of ₹1100. Saanvi saves 50% of it. How many rupees are saved?
  4. 4.A small family shop borrows ₹1000 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  5. 5.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) spending (c) saving
  6. 6.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  7. 7.💡 Before borrowing, what should you ask? (a) how fast can I spend? (b) what is the logo? (c) nothing (d) can I pay it back?
  8. 8.A small family shop borrows ₹100 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  9. 9.A small family shop borrows ₹500 from a bank at 8% simple interest per year. How much interest is due after 2 years (in ₹)?
  10. 10.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) spending (c) saving
  11. 11.A small family shop borrows ₹600 from a bank at 9% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  12. 12.Zoya’s stall made a profit of ₹200. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  13. 13.🐷 Saving, reinvesting or spending: a cinema ticket? (a) reinvesting (b) saving (c) spending
  14. 14.Which of these is spending on yourself? (a) buying a second juicer (b) a piggy bank for later (c) better paint for cards (d) a cinema ticket
  15. 15.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 ₹)?
  16. 16.Which of these is saving? (a) an emergency fund (b) buying a second juicer (c) sweets for yourself (d) a new video game
  17. 17.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  18. 18.Ishaan’s stall made a profit of ₹1900. Ishaan saves 10% of it. How many rupees are saved?
  19. 19.Joseph’s stall made a profit of ₹1700. Joseph saves 10% of it. How many rupees are saved?
  20. 20.Rohan’s stall made a profit of ₹700. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  21. 21.📆 Why repay a loan on time? (a) to keep trust (b) it does not matter (c) to lose friends (d) to pay more interest
  22. 22.🏦 Interest on a loan is… (a) the cost of borrowing (b) free money (c) a gift (d) a discount
  23. 23.Joseph’s stall made a profit of ₹700. Joseph saves 50% of it. How many rupees are saved?
  24. 24.🔁 Reinvesting means… (a) giving it away (b) hiding it (c) spending it on games (d) putting profit back in
  25. 25.A small family shop borrows ₹200 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  26. 26.Which of these is reinvesting in the business? (a) sweets for yourself (b) a cinema ticket (c) more seeds for next time (d) profit put in a bank
  27. 27.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
  28. 28.Rohan’s stall made a profit of ₹1600. 10% is saved, 20% 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 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  30. 30.Which of these is reinvesting in the business? (a) a new video game (b) a piggy bank for later (c) a cinema ticket (d) better paint for cards
  31. 31.Ishaan’s stall made a profit of ₹500. Ishaan saves 50% of it. How many rupees are saved?
  32. 32.Aarav’s stall made a profit of ₹1600. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  33. 33.Which of these is spending on yourself? (a) a piggy bank for later (b) sweets for yourself (c) better paint for cards (d) profit put in a bank
  34. 34.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  35. 35.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving
  36. 36.A small family shop borrows ₹300 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  37. 37.Arjun’s stall made a profit of ₹800. Arjun saves 25% of it. How many rupees are saved?
  38. 38.A small family shop borrows ₹600 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  39. 39.Vihaan’s stall made a profit of ₹600. Vihaan saves 20% of it. How many rupees are saved?
  40. 40.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?

Answer key

  1. a piggy bank for later
  2. a new video game
  3. 550
  4. 1120
  5. spending
  6. reinvesting
  7. can I pay it back?
  8. 15
  9. 80
  10. saving
  11. 762
  12. 100
  13. spending
  14. a cinema ticket
  15. 336
  16. an emergency fund
  17. 30
  18. 190
  19. 170
  20. 385
  21. to keep trust
  22. the cost of borrowing
  23. 350
  24. putting profit back in
  25. 30
  26. more seeds for next time
  27. saving
  28. 1120
  29. 150
  30. better paint for cards
  31. 250
  32. 400
  33. sweets for yourself
  34. 121
  35. saving
  36. 312
  37. 200
  38. 744
  39. 120
  40. 56

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