← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 690 · 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.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) borrow online alone (c) talk to parents (d) ask strangers
  2. 2.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 ₹)?
  3. 3.A small family shop borrows ₹500 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  4. 4.Tara’s stall made a profit of ₹1900. Tara saves 20% of it. How many rupees are saved?
  5. 5.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) reinvesting (c) spending
  6. 6.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) saving (c) spending
  7. 7.Which of these is reinvesting in the business? (a) profit put in a bank (b) a piggy bank for later (c) buying a second juicer (d) an emergency fund
  8. 8.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) reinvesting (c) spending
  9. 9.🐷 Why save part of the profit? (a) saving is a loss (b) to waste it later (c) for bad days and goals (d) no reason
  10. 10.A small family shop borrows ₹1000 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  11. 11.Which of these is saving? (a) more seeds for next time (b) a cinema ticket (c) an emergency fund (d) buying a second juicer
  12. 12.🔁 Reinvesting means… (a) giving it away (b) spending it on games (c) putting profit back in (d) hiding it
  13. 13.A small family shop borrows ₹600 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  14. 14.Which of these is saving? (a) better paint for cards (b) sweets for yourself (c) buying a second juicer (d) profit put in a bank
  15. 15.A small family shop borrows ₹300 from a bank at 8% simple interest per year. How much interest is due after 3 years (in ₹)?
  16. 16.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 ₹)?
  17. 17.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) reinvesting (c) saving
  18. 18.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  19. 19.Rohan’s stall made a profit of ₹1000. Rohan saves 20% of it. How many rupees are saved?
  20. 20.A small family shop borrows ₹200 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  21. 21.Ishaan’s stall made a profit of ₹1900. Ishaan saves 25% of it. How many rupees are saved?
  22. 22.Which of these is spending on yourself? (a) buying a second juicer (b) a piggy bank for later (c) a cinema ticket (d) an emergency fund
  23. 23.A small family shop borrows ₹200 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  24. 24.Joseph’s stall made a profit of ₹300. Joseph saves 10% of it. How many rupees are saved?
  25. 25.Which of these is saving? (a) more seeds for next time (b) better paint for cards (c) a piggy bank for later (d) a new video game
  26. 26.A small family shop borrows ₹200 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  27. 27.Joseph’s stall made a profit of ₹1800. Joseph saves 10% of it. How many rupees are saved?
  28. 28.🐷 Saving, reinvesting or spending: a cinema ticket? (a) reinvesting (b) saving (c) spending
  29. 29.A small family shop borrows ₹300 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  30. 30.Joseph’s stall made a profit of ₹1500. Joseph saves 10% of it. How many rupees are saved?
  31. 31.Which of these is spending on yourself? (a) a piggy bank for later (b) more seeds for next time (c) profit put in a bank (d) a new video game
  32. 32.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  33. 33.Rohan’s stall made a profit of ₹400. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  34. 34.Joseph’s stall made a profit of ₹300. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  35. 35.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) reinvesting (c) saving
  36. 36.Lakshmi’s stall made a profit of ₹1100. 20% 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 ₹900 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  38. 38.💡 Before borrowing, what should you ask? (a) what is the logo? (b) nothing (c) can I pay it back? (d) how fast can I spend?
  39. 39.A small family shop borrows ₹500 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  40. 40.Which of these is reinvesting in the business? (a) a piggy bank for later (b) profit put in a bank (c) a cinema ticket (d) more seeds for next time

Answer key

  1. talk to parents
  2. 954
  3. 135
  4. 380
  5. reinvesting
  6. spending
  7. buying a second juicer
  8. reinvesting
  9. for bad days and goals
  10. 20
  11. an emergency fund
  12. putting profit back in
  13. 780
  14. profit put in a bank
  15. 72
  16. 945
  17. saving
  18. 963
  19. 200
  20. 228
  21. 475
  22. a cinema ticket
  23. 236
  24. 30
  25. a piggy bank for later
  26. 210
  27. 180
  28. spending
  29. 327
  30. 150
  31. a new video game
  32. 742
  33. 200
  34. 150
  35. spending
  36. 330
  37. 27
  38. can I pay it back?
  39. 35
  40. more seeds for next time

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