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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 785 · 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.💡 Before borrowing, what should you ask? (a) nothing (b) can I pay it back? (c) what is the logo? (d) how fast can I spend?
  2. 2.A small family shop borrows ₹500 from a bank at 8% simple interest per year. How much interest is due after 3 years (in ₹)?
  3. 3.A small family shop borrows ₹500 from a bank at 10% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  4. 4.Which of these is reinvesting in the business? (a) an emergency fund (b) better paint for cards (c) profit put in a bank (d) a cinema ticket
  5. 5.Which of these is spending on yourself? (a) a cinema ticket (b) buying a second juicer (c) better paint for cards (d) an emergency fund
  6. 6.Gurpreet’s stall made a profit of ₹1900. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  7. 7.👪 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
  8. 8.A small family shop borrows ₹400 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  9. 9.A small family shop borrows ₹200 from a bank at 6% simple interest per year. How much interest is due after 3 years (in ₹)?
  10. 10.Ananya’s stall made a profit of ₹1000. Ananya saves 25% of it. How many rupees are saved?
  11. 11.🏦 Interest on a loan is… (a) a gift (b) free money (c) a discount (d) the cost of borrowing
  12. 12.A small family shop borrows ₹200 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  13. 13.A small family shop borrows ₹300 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  14. 14.Saanvi’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?
  15. 15.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) reinvesting (c) saving
  16. 16.🐷 Saving, reinvesting or spending: buying a second juicer? (a) spending (b) saving (c) reinvesting
  17. 17.A small family shop borrows ₹100 from a bank at 10% simple interest per year. How much interest is due after 2 years (in ₹)?
  18. 18.Ishaan’s stall made a profit of ₹500. Ishaan saves 10% of it. How many rupees are saved?
  19. 19.Lakshmi’s stall made a profit of ₹200. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  20. 20.🔁 Reinvesting means… (a) spending it on games (b) putting profit back in (c) hiding it (d) giving it away
  21. 21.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) reinvesting (c) saving
  22. 22.A small family shop borrows ₹500 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  23. 23.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) saving (c) spending
  24. 24.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) saving (c) reinvesting
  25. 25.Aarav’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 reinvested?
  26. 26.Which of these is saving? (a) a new video game (b) better paint for cards (c) a cinema ticket (d) a piggy bank for later
  27. 27.A small family shop borrows ₹600 from a bank at 8% simple interest per year. How much interest is due after 2 years (in ₹)?
  28. 28.Arjun’s stall made a profit of ₹1000. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  29. 29.📆 Why repay a loan on time? (a) to pay more interest (b) to lose friends (c) it does not matter (d) to keep trust
  30. 30.Which of these is spending on yourself? (a) an emergency fund (b) a piggy bank for later (c) profit put in a bank (d) sweets for yourself
  31. 31.A small family shop borrows ₹600 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  32. 32.A small family shop borrows ₹800 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  33. 33.A small family shop borrows ₹600 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  34. 34.Riya’s stall made a profit of ₹1900. Riya saves 20% of it. How many rupees are saved?
  35. 35.A small family shop borrows ₹800 from a bank at 4% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  36. 36.Kavya’s stall made a profit of ₹2000. Kavya saves 20% of it. How many rupees are saved?
  37. 37.Saanvi’s stall made a profit of ₹1200. Saanvi saves 25% of it. How many rupees are saved?
  38. 38.Nisha’s stall made a profit of ₹600. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  39. 39.A small family shop borrows ₹400 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  40. 40.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) spending (c) reinvesting

Answer key

  1. can I pay it back?
  2. 120
  3. 600
  4. better paint for cards
  5. a cinema ticket
  6. 1045
  7. talk to parents
  8. 8
  9. 36
  10. 250
  11. the cost of borrowing
  12. 214
  13. 315
  14. 250
  15. spending
  16. reinvesting
  17. 20
  18. 50
  19. 120
  20. putting profit back in
  21. saving
  22. 520
  23. reinvesting
  24. spending
  25. 680
  26. a piggy bank for later
  27. 96
  28. 500
  29. to keep trust
  30. sweets for yourself
  31. 624
  32. 880
  33. 42
  34. 380
  35. 864
  36. 400
  37. 300
  38. 120
  39. 424
  40. spending

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