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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 959 · 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.🏦 Interest on a loan is… (a) a gift (b) a discount (c) the cost of borrowing (d) free money
  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) buying a second juicer (b) a cinema ticket (c) an emergency fund (d) a new video game
  4. 4.💡 Before borrowing, what should you ask? (a) can I pay it back? (b) nothing (c) how fast can I spend? (d) what is the logo?
  5. 5.Aarav’s stall made a profit of ₹1600. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  6. 6.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  7. 7.A small family shop borrows ₹500 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  8. 8.🐷 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
  9. 9.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) saving (c) reinvesting
  10. 10.Which of these is spending on yourself? (a) a piggy bank for later (b) sweets for yourself (c) buying a second juicer (d) an emergency fund
  11. 11.Which of these is saving? (a) more seeds for next time (b) profit put in a bank (c) buying a second juicer (d) a new video game
  12. 12.Nisha’s stall made a profit of ₹1500. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  13. 13.📆 Why repay a loan on time? (a) to lose friends (b) to keep trust (c) to pay more interest (d) it does not matter
  14. 14.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  15. 15.Dev’s stall made a profit of ₹500. Dev saves 50% of it. How many rupees are saved?
  16. 16.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  17. 17.Rohan’s stall made a profit of ₹1700. Rohan saves 25% of it. How many rupees are saved?
  18. 18.Rohan’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?
  19. 19.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) spending (c) saving
  20. 20.Diya’s stall made a profit of ₹900. Diya saves 20% of it. How many rupees are saved?
  21. 21.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  22. 22.Rohan’s stall made a profit of ₹1300. Rohan saves 10% of it. How many rupees are saved?
  23. 23.🔁 Reinvesting means… (a) hiding it (b) spending it on games (c) giving it away (d) putting profit back in
  24. 24.A small family shop borrows ₹300 from a bank at 10% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  25. 25.Dev’s stall made a profit of ₹1100. Dev saves 50% of it. How many rupees are saved?
  26. 26.A small family shop borrows ₹1000 from a bank at 6% simple interest per year. How much interest is due after 2 years (in ₹)?
  27. 27.Kabir’s stall made a profit of ₹300. Kabir saves 25% of it. How many rupees are saved?
  28. 28.Which of these is spending on yourself? (a) an emergency fund (b) profit put in a bank (c) a new video game (d) better paint for cards
  29. 29.A small family shop borrows ₹100 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  30. 30.Gurpreet’s stall made a profit of ₹300. Gurpreet saves 10% of it. How many rupees are saved?
  31. 31.A small family shop borrows ₹700 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
  32. 32.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
  33. 33.Ishaan’s stall made a profit of ₹500. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  34. 34.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  35. 35.Lakshmi’s stall made a profit of ₹200. Lakshmi saves 10% of it. How many rupees are saved?
  36. 36.Which of these is reinvesting in the business? (a) a piggy bank for later (b) profit put in a bank (c) a new video game (d) more seeds for next time
  37. 37.Which of these is reinvesting in the business? (a) better paint for cards (b) profit put in a bank (c) a piggy bank for later (d) a cinema ticket
  38. 38.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 ₹)?
  39. 39.Meera’s stall made a profit of ₹1800. Meera saves 50% of it. How many rupees are saved?
  40. 40.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) reinvesting (c) saving

Answer key

  1. the cost of borrowing
  2. saving
  3. an emergency fund
  4. can I pay it back?
  5. 480
  6. 210
  7. 510
  8. for bad days and goals
  9. reinvesting
  10. sweets for yourself
  11. profit put in a bank
  12. 600
  13. to keep trust
  14. spending
  15. 250
  16. saving
  17. 425
  18. 40
  19. reinvesting
  20. 180
  21. 912
  22. 130
  23. putting profit back in
  24. 360
  25. 550
  26. 120
  27. 75
  28. a new video game
  29. 10
  30. 30
  31. 63
  32. 90
  33. 250
  34. 530
  35. 20
  36. more seeds for next time
  37. better paint for cards
  38. 624
  39. 900
  40. saving

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