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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 861 · 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.A small family shop borrows ₹400 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  2. 2.🐷 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
  3. 3.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) spending (c) reinvesting
  4. 4.🐷 Saving, reinvesting or spending: sweets for yourself? (a) spending (b) reinvesting (c) saving
  5. 5.Which of these is saving? (a) a cinema ticket (b) better paint for cards (c) profit put in a bank (d) sweets for yourself
  6. 6.A small family shop borrows ₹300 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  7. 7.Which of these is saving? (a) a piggy bank for later (b) more seeds for next time (c) sweets for yourself (d) a cinema ticket
  8. 8.Farhan’s stall made a profit of ₹1000. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  9. 9.Lakshmi’s stall made a profit of ₹200. Lakshmi saves 25% of it. How many rupees are saved?
  10. 10.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) spending (c) reinvesting
  11. 11.A small family shop borrows ₹700 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  12. 12.Tara’s stall made a profit of ₹1200. Tara saves 50% of it. How many rupees are saved?
  13. 13.A small family shop borrows ₹100 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  14. 14.Kabir’s stall made a profit of ₹500. Kabir saves 25% of it. How many rupees are saved?
  15. 15.Which of these is reinvesting in the business? (a) an emergency fund (b) profit put in a bank (c) buying a second juicer (d) a piggy bank for later
  16. 16.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  17. 17.Gurpreet’s stall made a profit of ₹1400. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  18. 18.Lakshmi’s stall made a profit of ₹1800. Lakshmi saves 50% of it. How many rupees are saved?
  19. 19.Meera’s stall made a profit of ₹1700. Meera saves 10% of it. How many rupees are saved?
  20. 20.Diya’s stall made a profit of ₹2000. Diya saves 20% of it. How many rupees are saved?
  21. 21.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  22. 22.Ishaan’s stall made a profit of ₹200. Ishaan saves 50% of it. How many rupees are saved?
  23. 23.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) spending (c) saving
  24. 24.Which of these is spending on yourself? (a) more seeds for next time (b) an emergency fund (c) a cinema ticket (d) profit put in a bank
  25. 25.Gurpreet’s stall made a profit of ₹600. Gurpreet saves 50% of it. How many rupees are saved?
  26. 26.A small family shop borrows ₹500 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  27. 27.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  28. 28.A small family shop borrows ₹600 from a bank at 2% simple interest per year. How much interest is due after 1 year (in ₹)?
  29. 29.👪 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
  30. 30.A small family shop borrows ₹800 from a bank at 2% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  31. 31.Which of these is reinvesting in the business? (a) a new video game (b) a cinema ticket (c) more seeds for next time (d) a piggy bank for later
  32. 32.Lakshmi’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 reinvested?
  33. 33.Kavya’s stall made a profit of ₹500. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  34. 34.Ishaan’s stall made a profit of ₹400. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  35. 35.Which of these is saving? (a) sweets for yourself (b) a new video game (c) an emergency fund (d) buying a second juicer
  36. 36.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) saving (c) spending
  37. 37.A small family shop borrows ₹200 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  38. 38.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) reinvesting (c) saving
  39. 39.A small family shop borrows ₹300 from a bank at 9% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  40. 40.💡 Before borrowing, what should you ask? (a) how fast can I spend? (b) can I pay it back? (c) what is the logo? (d) nothing

Answer key

  1. 436
  2. for bad days and goals
  3. reinvesting
  4. spending
  5. profit put in a bank
  6. 354
  7. a piggy bank for later
  8. 600
  9. 50
  10. reinvesting
  11. 742
  12. 600
  13. 106
  14. 125
  15. buying a second juicer
  16. 530
  17. 280
  18. 900
  19. 170
  20. 400
  21. 21
  22. 100
  23. saving
  24. a cinema ticket
  25. 300
  26. 105
  27. 81
  28. 12
  29. talk to parents
  30. 848
  31. more seeds for next time
  32. 300
  33. 125
  34. 240
  35. an emergency fund
  36. saving
  37. 6
  38. spending
  39. 381
  40. can I pay it back?

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