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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 937 · 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 ₹300 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  2. 2.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) saving (c) reinvesting
  3. 3.Which of these is saving? (a) better paint for cards (b) buying a second juicer (c) a new video game (d) an emergency fund
  4. 4.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  5. 5.🐷 Why save part of the profit? (a) no reason (b) for bad days and goals (c) to waste it later (d) saving is a loss
  6. 6.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 ₹)?
  7. 7.👪 A teen wants to borrow for a business idea. First step? (a) talk to parents (b) ask strangers (c) take it secretly (d) borrow online alone
  8. 8.Meera’s stall made a profit of ₹600. Meera saves 10% of it. How many rupees are saved?
  9. 9.Which of these is saving? (a) more seeds for next time (b) buying a second juicer (c) profit put in a bank (d) a cinema ticket
  10. 10.Vihaan’s stall made a profit of ₹1200. Vihaan saves 20% of it. How many rupees are saved?
  11. 11.A small family shop borrows ₹400 from a bank at 9% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  12. 12.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) saving (c) reinvesting
  13. 13.📆 Why repay a loan on time? (a) to pay more interest (b) it does not matter (c) to lose friends (d) to keep trust
  14. 14.A small family shop borrows ₹700 from a bank at 9% simple interest per year. How much interest is due after 3 years (in ₹)?
  15. 15.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) reinvesting (c) spending
  16. 16.Rohan’s stall made a profit of ₹400. Rohan saves 10% of it. How many rupees are saved?
  17. 17.Dev’s stall made a profit of ₹200. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  18. 18.Lakshmi’s stall made a profit of ₹200. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  19. 19.A small family shop borrows ₹700 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
  20. 20.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  21. 21.🏦 Interest on a loan is… (a) the cost of borrowing (b) a discount (c) a gift (d) free money
  22. 22.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  23. 23.Aarav’s stall made a profit of ₹1400. Aarav saves 50% of it. How many rupees are saved?
  24. 24.💡 Before borrowing, what should you ask? (a) nothing (b) how fast can I spend? (c) can I pay it back? (d) what is the logo?
  25. 25.Riya’s stall made a profit of ₹700. Riya saves 25% of it. How many rupees are saved?
  26. 26.🔁 Reinvesting means… (a) giving it away (b) putting profit back in (c) hiding it (d) spending it on games
  27. 27.A small family shop borrows ₹800 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  28. 28.A small family shop borrows ₹200 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  29. 29.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) spending (c) reinvesting
  30. 30.Which of these is spending on yourself? (a) an emergency fund (b) more seeds for next time (c) sweets for yourself (d) profit put in a bank
  31. 31.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) spending (c) reinvesting
  32. 32.A small family shop borrows ₹600 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  33. 33.Farhan’s stall made a profit of ₹1300. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  34. 34.Lakshmi’s stall made a profit of ₹500. Lakshmi saves 20% of it. How many rupees are saved?
  35. 35.A small family shop borrows ₹1000 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  36. 36.Which of these is reinvesting in the business? (a) profit put in a bank (b) a cinema ticket (c) a piggy bank for later (d) buying a second juicer
  37. 37.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  38. 38.Diya’s stall made a profit of ₹1700. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  39. 39.Tara’s stall made a profit of ₹1100. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  40. 40.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving

Answer key

  1. 309
  2. saving
  3. an emergency fund
  4. 856
  5. for bad days and goals
  6. 624
  7. talk to parents
  8. 60
  9. profit put in a bank
  10. 240
  11. 508
  12. spending
  13. to keep trust
  14. 189
  15. spending
  16. 40
  17. 100
  18. 110
  19. 21
  20. saving
  21. the cost of borrowing
  22. 30
  23. 700
  24. can I pay it back?
  25. 175
  26. putting profit back in
  27. 32
  28. 216
  29. spending
  30. sweets for yourself
  31. reinvesting
  32. 726
  33. 390
  34. 100
  35. 70
  36. buying a second juicer
  37. 630
  38. 850
  39. 275
  40. saving

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