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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 783 · 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) a discount (c) the cost of borrowing (d) free money
  2. 2.🐷 Why save part of the profit? (a) for bad days and goals (b) saving is a loss (c) no reason (d) to waste it later
  3. 3.A small family shop borrows ₹300 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  4. 4.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) saving (c) spending
  5. 5.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  6. 6.A small family shop borrows ₹600 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  7. 7.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) saving (c) reinvesting
  8. 8.Dev’s stall made a profit of ₹1400. Dev saves 25% of it. How many rupees are saved?
  9. 9.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) take it secretly (c) talk to parents (d) borrow online alone
  10. 10.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  11. 11.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  12. 12.📆 Why repay a loan on time? (a) it does not matter (b) to keep trust (c) to pay more interest (d) to lose friends
  13. 13.Which of these is spending on yourself? (a) sweets for yourself (b) better paint for cards (c) profit put in a bank (d) an emergency fund
  14. 14.Which of these is spending on yourself? (a) better paint for cards (b) a new video game (c) more seeds for next time (d) an emergency fund
  15. 15.Dev’s stall made a profit of ₹600. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  16. 16.A small family shop borrows ₹1000 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  17. 17.Nisha’s stall made a profit of ₹800. Nisha saves 20% of it. How many rupees are saved?
  18. 18.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) reinvesting (c) spending
  19. 19.A small family shop borrows ₹200 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  20. 20.Ishaan’s stall made a profit of ₹2000. Ishaan saves 50% of it. How many rupees are saved?
  21. 21.Gurpreet’s stall made a profit of ₹2000. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  22. 22.🔁 Reinvesting means… (a) putting profit back in (b) hiding it (c) giving it away (d) spending it on games
  23. 23.Meera’s stall made a profit of ₹1300. Meera saves 20% of it. How many rupees are saved?
  24. 24.Vihaan’s stall made a profit of ₹500. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  25. 25.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) spending (c) reinvesting
  26. 26.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) reinvesting (c) spending
  27. 27.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) reinvesting (c) saving
  28. 28.Which of these is saving? (a) sweets for yourself (b) a piggy bank for later (c) better paint for cards (d) a new video game
  29. 29.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  30. 30.Which of these is reinvesting in the business? (a) more seeds for next time (b) an emergency fund (c) profit put in a bank (d) a piggy bank for later
  31. 31.Kavya’s stall made a profit of ₹1600. Kavya saves 25% of it. How many rupees are saved?
  32. 32.Which of these is spending on yourself? (a) more seeds for next time (b) a cinema ticket (c) a piggy bank for later (d) profit put in a bank
  33. 33.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 ₹)?
  34. 34.A small family shop borrows ₹700 from a bank at 5% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  35. 35.A small family shop borrows ₹600 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  36. 36.A small family shop borrows ₹500 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  37. 37.Which of these is saving? (a) sweets for yourself (b) an emergency fund (c) buying a second juicer (d) better paint for cards
  38. 38.Which of these is saving? (a) a cinema ticket (b) buying a second juicer (c) profit put in a bank (d) more seeds for next time
  39. 39.Which of these is reinvesting in the business? (a) profit put in a bank (b) an emergency fund (c) sweets for yourself (d) buying a second juicer
  40. 40.A small family shop borrows ₹200 from a bank at 5% simple interest per year. How much must it pay back in all after 3 years (in ₹)?

Answer key

  1. the cost of borrowing
  2. for bad days and goals
  3. 12
  4. reinvesting
  5. 912
  6. 672
  7. reinvesting
  8. 350
  9. talk to parents
  10. saving
  11. 2
  12. to keep trust
  13. sweets for yourself
  14. a new video game
  15. 360
  16. 50
  17. 160
  18. spending
  19. 218
  20. 1000
  21. 400
  22. putting profit back in
  23. 260
  24. 250
  25. reinvesting
  26. spending
  27. saving
  28. a piggy bank for later
  29. 168
  30. more seeds for next time
  31. 400
  32. a cinema ticket
  33. 220
  34. 805
  35. 36
  36. 40
  37. an emergency fund
  38. profit put in a bank
  39. buying a second juicer
  40. 230

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