← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 789 · 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.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  2. 2.Arjun’s stall made a profit of ₹1500. Arjun saves 10% of it. How many rupees are saved?
  3. 3.Which of these is spending on yourself? (a) sweets for yourself (b) buying a second juicer (c) profit put in a bank (d) a piggy bank for later
  4. 4.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) talk to parents (c) take it secretly (d) borrow online alone
  5. 5.A small family shop borrows ₹1000 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  6. 6.🔁 Reinvesting means… (a) hiding it (b) giving it away (c) spending it on games (d) putting profit back in
  7. 7.Aarav’s stall made a profit of ₹500. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  8. 8.Which of these is spending on yourself? (a) a piggy bank for later (b) buying a second juicer (c) an emergency fund (d) a cinema ticket
  9. 9.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) saving (c) spending
  10. 10.Which of these is saving? (a) a new video game (b) buying a second juicer (c) profit put in a bank (d) more seeds for next time
  11. 11.A small family shop borrows ₹100 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  12. 12.Which of these is saving? (a) an emergency fund (b) more seeds for next time (c) sweets for yourself (d) a cinema ticket
  13. 13.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 ₹)?
  14. 14.A small family shop borrows ₹300 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  15. 15.Which of these is spending on yourself? (a) an emergency fund (b) buying a second juicer (c) a new video game (d) a piggy bank for later
  16. 16.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 ₹)?
  17. 17.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  18. 18.Dev’s stall made a profit of ₹1900. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  19. 19.Ananya’s stall made a profit of ₹1900. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  20. 20.Which of these is reinvesting in the business? (a) more seeds for next time (b) sweets for yourself (c) profit put in a bank (d) an emergency fund
  21. 21.Zoya’s stall made a profit of ₹200. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  22. 22.Nisha’s stall made a profit of ₹1700. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  23. 23.A small family shop borrows ₹900 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  24. 24.💡 Before borrowing, what should you ask? (a) how fast can I spend? (b) nothing (c) what is the logo? (d) can I pay it back?
  25. 25.🐷 Why save part of the profit? (a) no reason (b) to waste it later (c) saving is a loss (d) for bad days and goals
  26. 26.Which of these is saving? (a) buying a second juicer (b) a piggy bank for later (c) better paint for cards (d) more seeds for next time
  27. 27.A small family shop borrows ₹300 from a bank at 9% simple interest per year. How much interest is due after 2 years (in ₹)?
  28. 28.A small family shop borrows ₹900 from a bank at 8% simple interest per year. How much interest is due after 3 years (in ₹)?
  29. 29.A small family shop borrows ₹800 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?
  30. 30.A small family shop borrows ₹800 from a bank at 6% simple interest per year. How much interest is due after 3 years (in ₹)?
  31. 31.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) spending (c) reinvesting
  32. 32.A small family shop borrows ₹700 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  33. 33.Gurpreet’s stall made a profit of ₹1700. 25% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  34. 34.📆 Why repay a loan on time? (a) it does not matter (b) to lose friends (c) to pay more interest (d) to keep trust
  35. 35.🏦 Interest on a loan is… (a) free money (b) a gift (c) a discount (d) the cost of borrowing
  36. 36.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  37. 37.Ishaan’s stall made a profit of ₹1100. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  38. 38.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  39. 39.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) spending (c) reinvesting
  40. 40.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) spending (c) saving

Answer key

  1. 63
  2. 150
  3. sweets for yourself
  4. talk to parents
  5. 1120
  6. putting profit back in
  7. 300
  8. a cinema ticket
  9. reinvesting
  10. profit put in a bank
  11. 118
  12. an emergency fund
  13. 918
  14. 9
  15. a new video game
  16. 600
  17. saving
  18. 1140
  19. 570
  20. more seeds for next time
  21. 40
  22. 850
  23. 954
  24. can I pay it back?
  25. for bad days and goals
  26. a piggy bank for later
  27. 54
  28. 216
  29. 96
  30. 144
  31. spending
  32. 749
  33. 595
  34. to keep trust
  35. the cost of borrowing
  36. 7
  37. 330
  38. 2
  39. saving
  40. saving

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