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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 659 · 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 spending on yourself? (a) an emergency fund (b) a piggy bank for later (c) sweets for yourself (d) more seeds for next time
  2. 2.🔁 Reinvesting means… (a) putting profit back in (b) hiding it (c) giving it away (d) spending it on games
  3. 3.🐷 Saving, reinvesting or spending: a cinema ticket? (a) reinvesting (b) spending (c) saving
  4. 4.A small family shop borrows ₹900 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  5. 5.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) reinvesting (c) spending
  6. 6.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 ₹)?
  7. 7.Zoya’s stall made a profit of ₹400. Zoya saves 20% of it. How many rupees are saved?
  8. 8.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  9. 9.Which of these is saving? (a) buying a second juicer (b) sweets for yourself (c) more seeds for next time (d) profit put in a bank
  10. 10.Which of these is reinvesting in the business? (a) a new video game (b) a cinema ticket (c) sweets for yourself (d) buying a second juicer
  11. 11.🏦 Interest on a loan is… (a) a gift (b) a discount (c) the cost of borrowing (d) free money
  12. 12.A small family shop borrows ₹700 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  13. 13.Zoya’s stall made a profit of ₹900. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  14. 14.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) spending (c) saving
  15. 15.Joseph’s stall made a profit of ₹1200. Joseph saves 20% of it. How many rupees are saved?
  16. 16.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) spending (c) saving
  17. 17.Lakshmi’s stall made a profit of ₹400. Lakshmi saves 50% of it. How many rupees are saved?
  18. 18.Ishaan’s stall made a profit of ₹600. Ishaan saves 20% of it. How many rupees are saved?
  19. 19.🐷 Why save part of the profit? (a) saving is a loss (b) no reason (c) to waste it later (d) for bad days and goals
  20. 20.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  21. 21.Zoya’s stall made a profit of ₹1100. Zoya saves 10% of it. How many rupees are saved?
  22. 22.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) saving (c) spending
  23. 23.A small family shop borrows ₹200 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  24. 24.Which of these is saving? (a) sweets for yourself (b) an emergency fund (c) buying a second juicer (d) more seeds for next time
  25. 25.Kabir’s stall made a profit of ₹1400. Kabir saves 20% of it. How many rupees are saved?
  26. 26.Which of these is saving? (a) sweets for yourself (b) more seeds for next time (c) buying a second juicer (d) a piggy bank for later
  27. 27.A small family shop borrows ₹800 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  28. 28.Which of these is spending on yourself? (a) buying a second juicer (b) profit put in a bank (c) a cinema ticket (d) an emergency fund
  29. 29.💡 Before borrowing, what should you ask? (a) what is the logo? (b) how fast can I spend? (c) nothing (d) can I pay it back?
  30. 30.Which of these is spending on yourself? (a) a piggy bank for later (b) an emergency fund (c) a new video game (d) better paint for cards
  31. 31.Diya’s stall made a profit of ₹1300. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  32. 32.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  33. 33.A small family shop borrows ₹200 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  34. 34.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) talk to parents (c) ask strangers (d) take it secretly
  35. 35.🐷 Saving, reinvesting or spending: a new video game? (a) reinvesting (b) spending (c) saving
  36. 36.Arjun’s stall made a profit of ₹300. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  37. 37.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  38. 38.Riya’s stall made a profit of ₹1700. Riya saves 10% of it. How many rupees are saved?
  39. 39.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) spending (c) saving
  40. 40.Farhan’s stall made a profit of ₹700. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?

Answer key

  1. sweets for yourself
  2. putting profit back in
  3. spending
  4. 36
  5. saving
  6. 560
  7. 80
  8. 721
  9. profit put in a bank
  10. buying a second juicer
  11. the cost of borrowing
  12. 735
  13. 360
  14. saving
  15. 240
  16. reinvesting
  17. 200
  18. 120
  19. for bad days and goals
  20. 515
  21. 110
  22. reinvesting
  23. 6
  24. an emergency fund
  25. 280
  26. a piggy bank for later
  27. 864
  28. a cinema ticket
  29. can I pay it back?
  30. a new video game
  31. 260
  32. saving
  33. 20
  34. talk to parents
  35. spending
  36. 75
  37. 7
  38. 170
  39. reinvesting
  40. 280

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