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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 777 · 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.🐷 Why save part of the profit? (a) to waste it later (b) no reason (c) for bad days and goals (d) saving is a loss
  2. 2.Lakshmi’s stall made a profit of ₹400. Lakshmi saves 10% of it. How many rupees are saved?
  3. 3.Which of these is saving? (a) more seeds for next time (b) an emergency fund (c) sweets for yourself (d) a new video game
  4. 4.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) reinvesting (c) spending
  5. 5.A small family shop borrows ₹600 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  6. 6.Gurpreet’s stall made a profit of ₹2000. Gurpreet saves 20% of it. How many rupees are saved?
  7. 7.📆 Why repay a loan on time? (a) to lose friends (b) to keep trust (c) it does not matter (d) to pay more interest
  8. 8.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) reinvesting (c) spending
  9. 9.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) ask strangers (c) borrow online alone (d) talk to parents
  10. 10.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) spending (c) saving
  11. 11.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) spending (c) saving
  12. 12.Which of these is saving? (a) buying a second juicer (b) profit put in a bank (c) better paint for cards (d) sweets for yourself
  13. 13.Aarav’s stall made a profit of ₹200. Aarav saves 50% of it. How many rupees are saved?
  14. 14.Which of these is spending on yourself? (a) better paint for cards (b) sweets for yourself (c) profit put in a bank (d) buying a second juicer
  15. 15.Dev’s stall made a profit of ₹500. Dev saves 20% of it. How many rupees are saved?
  16. 16.A small family shop borrows ₹900 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  17. 17.Zoya’s stall made a profit of ₹300. Zoya saves 20% of it. How many rupees are saved?
  18. 18.Vihaan’s stall made a profit of ₹1800. Vihaan saves 10% of it. How many rupees are saved?
  19. 19.Farhan’s stall made a profit of ₹600. Farhan saves 50% of it. How many rupees are saved?
  20. 20.Joseph’s stall made a profit of ₹200. Joseph saves 25% of it. How many rupees are saved?
  21. 21.Which of these is spending on yourself? (a) more seeds for next time (b) a new video game (c) an emergency fund (d) profit put in a bank
  22. 22.A small family shop borrows ₹800 from a bank at 2% simple interest per year. How much interest is due after 3 years (in ₹)?
  23. 23.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  24. 24.💡 Before borrowing, what should you ask? (a) what is the logo? (b) can I pay it back? (c) how fast can I spend? (d) nothing
  25. 25.Which of these is reinvesting in the business? (a) a piggy bank for later (b) sweets for yourself (c) buying a second juicer (d) a new video game
  26. 26.A small family shop borrows ₹400 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  27. 27.A small family shop borrows ₹500 from a bank at 5% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  28. 28.Farhan’s stall made a profit of ₹1600. Farhan saves 20% of it. How many rupees are saved?
  29. 29.A small family shop borrows ₹400 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  30. 30.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) spending (c) saving
  31. 31.Which of these is reinvesting in the business? (a) profit put in a bank (b) an emergency fund (c) a cinema ticket (d) more seeds for next time
  32. 32.Rohan’s stall made a profit of ₹1500. Rohan saves 25% of it. How many rupees are saved?
  33. 33.Ananya’s stall made a profit of ₹1900. Ananya saves 25% of it. How many rupees are saved?
  34. 34.A small family shop borrows ₹500 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  35. 35.🏦 Interest on a loan is… (a) a discount (b) free money (c) the cost of borrowing (d) a gift
  36. 36.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 ₹)?
  37. 37.Zoya’s stall made a profit of ₹1700. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  38. 38.A small family shop borrows ₹1000 from a bank at 4% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  39. 39.Which of these is reinvesting in the business? (a) an emergency fund (b) better paint for cards (c) a cinema ticket (d) a piggy bank for later
  40. 40.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 ₹)?

Answer key

  1. for bad days and goals
  2. 40
  3. an emergency fund
  4. reinvesting
  5. 672
  6. 400
  7. to keep trust
  8. saving
  9. talk to parents
  10. reinvesting
  11. saving
  12. profit put in a bank
  13. 100
  14. sweets for yourself
  15. 100
  16. 1170
  17. 60
  18. 180
  19. 300
  20. 50
  21. a new video game
  22. 48
  23. saving
  24. can I pay it back?
  25. buying a second juicer
  26. 8
  27. 550
  28. 320
  29. 440
  30. spending
  31. more seeds for next time
  32. 375
  33. 475
  34. 510
  35. the cost of borrowing
  36. 228
  37. 680
  38. 1080
  39. better paint for cards
  40. 945

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