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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 737 · 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) better paint for cards (b) a piggy bank for later (c) buying a second juicer (d) a cinema ticket
  2. 2.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) saving (c) reinvesting
  3. 3.A small family shop borrows ₹300 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  4. 4.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  5. 5.Which of these is spending on yourself? (a) a piggy bank for later (b) a new video game (c) profit put in a bank (d) more seeds for next time
  6. 6.Kabir’s stall made a profit of ₹300. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  7. 7.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 ₹)?
  8. 8.Saanvi’s stall made a profit of ₹500. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  9. 9.A small family shop borrows ₹700 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  10. 10.Arjun’s stall made a profit of ₹600. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  11. 11.Which of these is saving? (a) an emergency fund (b) a new video game (c) more seeds for next time (d) better paint for cards
  12. 12.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  13. 13.A small family shop borrows ₹100 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  14. 14.💡 Before borrowing, what should you ask? (a) nothing (b) what is the logo? (c) can I pay it back? (d) how fast can I spend?
  15. 15.🏦 Interest on a loan is… (a) a gift (b) free money (c) a discount (d) the cost of borrowing
  16. 16.Ishaan’s stall made a profit of ₹300. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  17. 17.A small family shop borrows ₹200 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  18. 18.🔁 Reinvesting means… (a) putting profit back in (b) giving it away (c) hiding it (d) spending it on games
  19. 19.Dev’s stall made a profit of ₹300. Dev saves 50% of it. How many rupees are saved?
  20. 20.🐷 Why save part of the profit? (a) no reason (b) for bad days and goals (c) to waste it later (d) saving is a loss
  21. 21.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much interest is due after 2 years (in ₹)?
  22. 22.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  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 2 years (in ₹)?
  24. 24.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) spending (c) saving
  25. 25.Which of these is reinvesting in the business? (a) profit put in a bank (b) sweets for yourself (c) a new video game (d) better paint for cards
  26. 26.A small family shop borrows ₹800 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  27. 27.Meera’s stall made a profit of ₹500. Meera saves 25% of it. How many rupees are saved?
  28. 28.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) talk to parents (c) borrow online alone (d) take it secretly
  29. 29.Which of these is spending on yourself? (a) sweets for yourself (b) an emergency fund (c) profit put in a bank (d) a piggy bank for later
  30. 30.A small family shop borrows ₹900 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  31. 31.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 ₹)?
  32. 32.A small family shop borrows ₹900 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?
  33. 33.📆 Why repay a loan on time? (a) it does not matter (b) to pay more interest (c) to keep trust (d) to lose friends
  34. 34.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) saving (c) spending
  35. 35.Aarav’s stall made a profit of ₹900. Aarav saves 20% of it. How many rupees are saved?
  36. 36.A small family shop borrows ₹1000 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  37. 37.A small family shop borrows ₹1000 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  38. 38.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) reinvesting (c) saving
  39. 39.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) reinvesting (c) saving
  40. 40.A small family shop borrows ₹900 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?

Answer key

  1. a cinema ticket
  2. reinvesting
  3. 354
  4. 112
  5. a new video game
  6. 180
  7. 963
  8. 200
  9. 868
  10. 300
  11. an emergency fund
  12. saving
  13. 15
  14. can I pay it back?
  15. the cost of borrowing
  16. 60
  17. 220
  18. putting profit back in
  19. 150
  20. for bad days and goals
  21. 42
  22. saving
  23. 224
  24. spending
  25. better paint for cards
  26. 72
  27. 125
  28. talk to parents
  29. sweets for yourself
  30. 936
  31. 945
  32. 90
  33. to keep trust
  34. saving
  35. 180
  36. 150
  37. 60
  38. reinvesting
  39. spending
  40. 135

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