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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 847 · 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) free money (d) the cost of borrowing
  2. 2.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) borrow online alone (c) talk to parents (d) ask strangers
  3. 3.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) reinvesting (c) saving
  4. 4.Which of these is reinvesting in the business? (a) a new video game (b) a piggy bank for later (c) sweets for yourself (d) better paint for cards
  5. 5.📆 Why repay a loan on time? (a) to lose friends (b) it does not matter (c) to keep trust (d) to pay more interest
  6. 6.A small family shop borrows ₹100 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  7. 7.Which of these is saving? (a) buying a second juicer (b) a piggy bank for later (c) sweets for yourself (d) a cinema ticket
  8. 8.Meera’s stall made a profit of ₹1300. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  9. 9.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  10. 10.Gurpreet’s stall made a profit of ₹1000. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  11. 11.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) spending (c) saving
  12. 12.💡 Before borrowing, what should you ask? (a) what is the logo? (b) how fast can I spend? (c) can I pay it back? (d) nothing
  13. 13.A small family shop borrows ₹800 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  14. 14.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  15. 15.Kavya’s stall made a profit of ₹700. Kavya saves 25% of it. How many rupees are saved?
  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 1 year (in ₹)?
  17. 17.A small family shop borrows ₹600 from a bank at 10% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  18. 18.Kabir’s stall made a profit of ₹1800. Kabir saves 25% of it. How many rupees are saved?
  19. 19.🐷 Why save part of the profit? (a) for bad days and goals (b) to waste it later (c) no reason (d) saving is a loss
  20. 20.Zoya’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?
  21. 21.Which of these is spending on yourself? (a) profit put in a bank (b) sweets for yourself (c) better paint for cards (d) buying a second juicer
  22. 22.A small family shop borrows ₹600 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  23. 23.A small family shop borrows ₹500 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  24. 24.A small family shop borrows ₹900 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  25. 25.A small family shop borrows ₹700 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  26. 26.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) saving (c) reinvesting
  27. 27.Kabir’s stall made a profit of ₹1100. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  28. 28.A small family shop borrows ₹800 from a bank at 9% simple interest per year. How much interest is due after 2 years (in ₹)?
  29. 29.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) reinvesting (c) spending
  30. 30.Aarav’s stall made a profit of ₹700. Aarav saves 50% of it. How many rupees are saved?
  31. 31.Nisha’s stall made a profit of ₹2000. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  32. 32.Rohan’s stall made a profit of ₹700. Rohan saves 50% of it. How many rupees are saved?
  33. 33.A small family shop borrows ₹800 from a bank at 2% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  34. 34.Which of these is spending on yourself? (a) buying a second juicer (b) a cinema ticket (c) a piggy bank for later (d) profit put in a bank
  35. 35.Rohan’s stall made a profit of ₹1500. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  36. 36.Which of these is saving? (a) sweets for yourself (b) an emergency fund (c) better paint for cards (d) a cinema ticket
  37. 37.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) saving (c) spending
  38. 38.A small family shop borrows ₹900 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
  39. 39.A small family shop borrows ₹100 from a bank at 8% simple interest per year. How much interest is due after 3 years (in ₹)?
  40. 40.Farhan’s stall made a profit of ₹900. Farhan saves 50% of it. How many rupees are saved?

Answer key

  1. the cost of borrowing
  2. talk to parents
  3. reinvesting
  4. better paint for cards
  5. to keep trust
  6. 108
  7. a piggy bank for later
  8. 910
  9. 7
  10. 500
  11. spending
  12. can I pay it back?
  13. 72
  14. 981
  15. 175
  16. 550
  17. 720
  18. 450
  19. for bad days and goals
  20. 180
  21. sweets for yourself
  22. 708
  23. 560
  24. 90
  25. 35
  26. saving
  27. 440
  28. 144
  29. reinvesting
  30. 350
  31. 1100
  32. 350
  33. 832
  34. a cinema ticket
  35. 300
  36. an emergency fund
  37. saving
  38. 72
  39. 24
  40. 450

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