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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 667 · 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.🏦 Interest on a loan is… (a) a gift (b) the cost of borrowing (c) a discount (d) free money
  2. 2.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  3. 3.🐷 Why save part of the profit? (a) for bad days and goals (b) no reason (c) to waste it later (d) saving is a loss
  4. 4.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
  5. 5.💡 Before borrowing, what should you ask? (a) nothing (b) can I pay it back? (c) how fast can I spend? (d) what is the logo?
  6. 6.Tara’s stall made a profit of ₹1600. Tara saves 25% of it. How many rupees are saved?
  7. 7.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) reinvesting (c) spending
  8. 8.Which of these is saving? (a) sweets for yourself (b) profit put in a bank (c) buying a second juicer (d) more seeds for next time
  9. 9.Which of these is saving? (a) better paint for cards (b) buying a second juicer (c) a cinema ticket (d) a piggy bank for later
  10. 10.Farhan’s stall made a profit of ₹1000. Farhan saves 20% of it. How many rupees are saved?
  11. 11.A small family shop borrows ₹500 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  12. 12.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  13. 13.A small family shop borrows ₹600 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  14. 14.Rohan’s stall made a profit of ₹1000. Rohan saves 20% of it. How many rupees are saved?
  15. 15.A small family shop borrows ₹400 from a bank at 6% simple interest per year. How much interest is due after 2 years (in ₹)?
  16. 16.Lakshmi’s stall made a profit of ₹400. Lakshmi saves 20% of it. How many rupees are saved?
  17. 17.Saanvi’s stall made a profit of ₹1900. Saanvi saves 25% of it. How many rupees are saved?
  18. 18.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) spending (c) saving
  19. 19.Arjun’s stall made a profit of ₹1600. Arjun saves 10% of it. How many rupees are saved?
  20. 20.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) spending (c) reinvesting
  21. 21.Which of these is reinvesting in the business? (a) a piggy bank for later (b) an emergency fund (c) a new video game (d) more seeds for next time
  22. 22.Which of these is reinvesting in the business? (a) profit put in a bank (b) buying a second juicer (c) a new video game (d) an emergency fund
  23. 23.🔁 Reinvesting means… (a) spending it on games (b) giving it away (c) putting profit back in (d) hiding it
  24. 24.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 ₹)?
  25. 25.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  26. 26.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  27. 27.Which of these is spending on yourself? (a) an emergency fund (b) a new video game (c) more seeds for next time (d) buying a second juicer
  28. 28.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  29. 29.Rohan’s stall made a profit of ₹1800. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  30. 30.Which of these is reinvesting in the business? (a) an emergency fund (b) a new video game (c) better paint for cards (d) sweets for yourself
  31. 31.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) reinvesting (c) spending
  32. 32.A small family shop borrows ₹100 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  33. 33.📆 Why repay a loan on time? (a) to lose friends (b) it does not matter (c) to pay more interest (d) to keep trust
  34. 34.Tara’s stall made a profit of ₹1400. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  35. 35.Joseph’s stall made a profit of ₹1000. Joseph saves 25% of it. How many rupees are saved?
  36. 36.Arjun’s stall made a profit of ₹900. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  37. 37.Aarav’s stall made a profit of ₹400. Aarav saves 10% of it. How many rupees are saved?
  38. 38.Ishaan’s stall made a profit of ₹700. Ishaan saves 50% of it. How many rupees are saved?
  39. 39.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  40. 40.A small family shop borrows ₹700 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?

Answer key

  1. the cost of borrowing
  2. 126
  3. for bad days and goals
  4. saving
  5. can I pay it back?
  6. 400
  7. spending
  8. profit put in a bank
  9. a piggy bank for later
  10. 200
  11. 20
  12. reinvesting
  13. 654
  14. 200
  15. 48
  16. 80
  17. 475
  18. reinvesting
  19. 160
  20. spending
  21. more seeds for next time
  22. buying a second juicer
  23. putting profit back in
  24. 762
  25. 108
  26. 27
  27. a new video game
  28. spending
  29. 540
  30. better paint for cards
  31. reinvesting
  32. 124
  33. to keep trust
  34. 840
  35. 250
  36. 360
  37. 40
  38. 350
  39. 81
  40. 84

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