← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 713 · 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) better paint for cards (b) profit put in a bank (c) a new video game (d) an emergency fund
  2. 2.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) talk to parents (c) borrow online alone (d) ask strangers
  3. 3.A small family shop borrows ₹600 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  4. 4.Which of these is saving? (a) better paint for cards (b) more seeds for next time (c) a piggy bank for later (d) sweets for yourself
  5. 5.Rohan’s stall made a profit of ₹1000. 25% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  6. 6.A small family shop borrows ₹400 from a bank at 9% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  7. 7.A small family shop borrows ₹800 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?
  8. 8.Saanvi’s stall made a profit of ₹400. Saanvi saves 25% of it. How many rupees are saved?
  9. 9.Nisha’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?
  10. 10.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  11. 11.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) spending (c) saving
  12. 12.💡 Before borrowing, what should you ask? (a) nothing (b) what is the logo? (c) how fast can I spend? (d) can I pay it back?
  13. 13.🔁 Reinvesting means… (a) hiding it (b) giving it away (c) spending it on games (d) putting profit back in
  14. 14.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much interest is due after 2 years (in ₹)?
  15. 15.Kavya’s stall made a profit of ₹600. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  16. 16.Zoya’s stall made a profit of ₹1200. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  17. 17.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  18. 18.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) reinvesting (c) spending
  19. 19.Joseph’s stall made a profit of ₹1800. Joseph saves 10% of it. How many rupees are saved?
  20. 20.Which of these is saving? (a) sweets for yourself (b) profit put in a bank (c) more seeds for next time (d) better paint for cards
  21. 21.🐷 Why save part of the profit? (a) saving is a loss (b) to waste it later (c) no reason (d) for bad days and goals
  22. 22.Meera’s stall made a profit of ₹600. Meera saves 25% of it. How many rupees are saved?
  23. 23.Ishaan’s stall made a profit of ₹1000. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  24. 24.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 ₹)?
  25. 25.Rohan’s stall made a profit of ₹1700. Rohan saves 10% of it. How many rupees are saved?
  26. 26.A small family shop borrows ₹600 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
  27. 27.Which of these is reinvesting in the business? (a) sweets for yourself (b) a cinema ticket (c) buying a second juicer (d) a new video game
  28. 28.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) saving (c) reinvesting
  29. 29.Gurpreet’s stall made a profit of ₹300. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  30. 30.A small family shop borrows ₹900 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  31. 31.Arjun’s stall made a profit of ₹1100. Arjun saves 20% of it. How many rupees are saved?
  32. 32.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) saving (c) spending
  33. 33.A small family shop borrows ₹1000 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  34. 34.A small family shop borrows ₹1000 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?
  35. 35.Kavya’s stall made a profit of ₹1200. Kavya saves 20% of it. How many rupees are saved?
  36. 36.Which of these is spending on yourself? (a) a piggy bank for later (b) better paint for cards (c) sweets for yourself (d) buying a second juicer
  37. 37.A small family shop borrows ₹400 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  38. 38.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  39. 39.A small family shop borrows ₹400 from a bank at 8% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  40. 40.Which of these is saving? (a) an emergency fund (b) a new video game (c) buying a second juicer (d) a cinema ticket

Answer key

  1. a new video game
  2. talk to parents
  3. 162
  4. a piggy bank for later
  5. 450
  6. 508
  7. 80
  8. 100
  9. 385
  10. 30
  11. saving
  12. can I pay it back?
  13. putting profit back in
  14. 140
  15. 360
  16. 240
  17. saving
  18. saving
  19. 180
  20. profit put in a bank
  21. for bad days and goals
  22. 150
  23. 250
  24. 945
  25. 170
  26. 54
  27. buying a second juicer
  28. reinvesting
  29. 120
  30. 918
  31. 220
  32. reinvesting
  33. 1060
  34. 120
  35. 240
  36. sweets for yourself
  37. 484
  38. 168
  39. 464
  40. an emergency fund

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