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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 893 · 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.Which of these is reinvesting in the business? (a) a new video game (b) a piggy bank for later (c) profit put in a bank (d) buying a second juicer
  2. 2.A small family shop borrows ₹1000 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  3. 3.Meera’s stall made a profit of ₹1200. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  4. 4.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) spending (c) reinvesting
  5. 5.🏦 Interest on a loan is… (a) a discount (b) free money (c) the cost of borrowing (d) a gift
  6. 6.Joseph’s stall made a profit of ₹1100. Joseph saves 10% of it. How many rupees are saved?
  7. 7.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) reinvesting (c) spending
  8. 8.Which of these is saving? (a) a new video game (b) an emergency fund (c) sweets for yourself (d) better paint for cards
  9. 9.A small family shop borrows ₹800 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  10. 10.A small family shop borrows ₹200 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  11. 11.A small family shop borrows ₹1000 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  12. 12.Nisha’s stall made a profit of ₹600. Nisha saves 10% of it. How many rupees are saved?
  13. 13.A small family shop borrows ₹300 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  14. 14.A small family shop borrows ₹400 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  15. 15.A small family shop borrows ₹100 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  16. 16.Which of these is saving? (a) better paint for cards (b) a new video game (c) buying a second juicer (d) profit put in a bank
  17. 17.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 ₹)?
  18. 18.🐷 Why save part of the profit? (a) to waste it later (b) saving is a loss (c) no reason (d) for bad days and goals
  19. 19.💡 Before borrowing, what should you ask? (a) nothing (b) how fast can I spend? (c) what is the logo? (d) can I pay it back?
  20. 20.🔁 Reinvesting means… (a) spending it on games (b) putting profit back in (c) hiding it (d) giving it away
  21. 21.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  22. 22.A small family shop borrows ₹100 from a bank at 8% simple interest per year. How much interest is due after 3 years (in ₹)?
  23. 23.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) saving (c) reinvesting
  24. 24.Which of these is spending on yourself? (a) more seeds for next time (b) profit put in a bank (c) sweets for yourself (d) an emergency fund
  25. 25.Vihaan’s stall made a profit of ₹1800. Vihaan saves 10% of it. How many rupees are saved?
  26. 26.Which of these is spending on yourself? (a) buying a second juicer (b) a new video game (c) better paint for cards (d) profit put in a bank
  27. 27.Lakshmi’s stall made a profit of ₹1400. Lakshmi saves 10% of it. How many rupees are saved?
  28. 28.A small family shop borrows ₹900 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  29. 29.📆 Why repay a loan on time? (a) to pay more interest (b) it does not matter (c) to lose friends (d) to keep trust
  30. 30.A small family shop borrows ₹600 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  31. 31.A small family shop borrows ₹500 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  32. 32.A small family shop borrows ₹400 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  33. 33.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  34. 34.A small family shop borrows ₹900 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  35. 35.A small family shop borrows ₹900 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 ₹900 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  37. 37.A small family shop borrows ₹400 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  38. 38.Saanvi’s stall made a profit of ₹900. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  39. 39.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) ask strangers (c) borrow online alone (d) talk to parents
  40. 40.A small family shop borrows ₹200 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?

Answer key

  1. buying a second juicer
  2. 1090
  3. 240
  4. saving
  5. the cost of borrowing
  6. 110
  7. reinvesting
  8. an emergency fund
  9. 944
  10. 28
  11. 140
  12. 60
  13. 327
  14. 428
  15. 30
  16. profit put in a bank
  17. 981
  18. for bad days and goals
  19. can I pay it back?
  20. putting profit back in
  21. 189
  22. 24
  23. reinvesting
  24. sweets for yourself
  25. 180
  26. a new video game
  27. 140
  28. 243
  29. to keep trust
  30. 54
  31. 25
  32. 448
  33. 56
  34. 90
  35. 54
  36. 1008
  37. 420
  38. 270
  39. talk to parents
  40. 14

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