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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 971 · 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 teen wants to borrow for a business idea. First step? (a) ask strangers (b) take it secretly (c) borrow online alone (d) talk to parents
  2. 2.🏦 Interest on a loan is… (a) free money (b) a discount (c) the cost of borrowing (d) a gift
  3. 3.Which of these is saving? (a) a new video game (b) an emergency fund (c) sweets for yourself (d) buying a second juicer
  4. 4.A small family shop borrows ₹400 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  5. 5.Which of these is saving? (a) a new video game (b) sweets for yourself (c) a cinema ticket (d) profit put in a bank
  6. 6.A small family shop borrows ₹100 from a bank at 3% simple interest per year. How much interest is due after 3 years (in ₹)?
  7. 7.🔁 Reinvesting means… (a) hiding it (b) spending it on games (c) giving it away (d) putting profit back in
  8. 8.Diya’s stall made a profit of ₹800. Diya saves 20% of it. How many rupees are saved?
  9. 9.💡 Before borrowing, what should you ask? (a) what is the logo? (b) how fast can I spend? (c) nothing (d) can I pay it back?
  10. 10.Ananya’s stall made a profit of ₹400. Ananya saves 10% of it. How many rupees are saved?
  11. 11.Ishaan’s stall made a profit of ₹1000. Ishaan saves 10% of it. How many rupees are saved?
  12. 12.Kabir’s stall made a profit of ₹300. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  13. 13.A small family shop borrows ₹100 from a bank at 9% simple interest per year. How much interest is due after 2 years (in ₹)?
  14. 14.📆 Why repay a loan on time? (a) to keep trust (b) to lose friends (c) to pay more interest (d) it does not matter
  15. 15.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) saving (c) spending
  16. 16.Zoya’s stall made a profit of ₹200. Zoya saves 50% of it. How many rupees are saved?
  17. 17.Dev’s stall made a profit of ₹1400. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  18. 18.🐷 Saving, reinvesting or spending: a cinema ticket? (a) reinvesting (b) saving (c) spending
  19. 19.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) spending (c) saving
  20. 20.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) saving (c) reinvesting
  21. 21.Which of these is reinvesting in the business? (a) a new video game (b) an emergency fund (c) more seeds for next time (d) a cinema ticket
  22. 22.A small family shop borrows ₹900 from a bank at 5% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  23. 23.Which of these is spending on yourself? (a) better paint for cards (b) sweets for yourself (c) profit put in a bank (d) an emergency fund
  24. 24.A small family shop borrows ₹200 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  25. 25.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) reinvesting (c) saving
  26. 26.A small family shop borrows ₹700 from a bank at 6% simple interest per year. How much interest is due after 2 years (in ₹)?
  27. 27.Which of these is spending on yourself? (a) more seeds for next time (b) buying a second juicer (c) profit put in a bank (d) a cinema ticket
  28. 28.Joseph’s stall made a profit of ₹1000. Joseph saves 50% of it. How many rupees are saved?
  29. 29.🐷 Saving, reinvesting or spending: sweets for yourself? (a) saving (b) spending (c) reinvesting
  30. 30.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  31. 31.A small family shop borrows ₹700 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  32. 32.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) saving (c) reinvesting
  33. 33.A small family shop borrows ₹300 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  34. 34.Which of these is reinvesting in the business? (a) buying a second juicer (b) sweets for yourself (c) an emergency fund (d) profit put in a bank
  35. 35.A small family shop borrows ₹100 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  36. 36.A small family shop borrows ₹200 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  37. 37.Rohan’s stall made a profit of ₹600. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  38. 38.Aarav’s stall made a profit of ₹1900. Aarav saves 20% of it. How many rupees are saved?
  39. 39.A small family shop borrows ₹900 from a bank at 4% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  40. 40.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 ₹)?

Answer key

  1. talk to parents
  2. the cost of borrowing
  3. an emergency fund
  4. 36
  5. profit put in a bank
  6. 9
  7. putting profit back in
  8. 160
  9. can I pay it back?
  10. 40
  11. 100
  12. 120
  13. 18
  14. to keep trust
  15. reinvesting
  16. 100
  17. 700
  18. spending
  19. reinvesting
  20. spending
  21. more seeds for next time
  22. 1035
  23. sweets for yourself
  24. 60
  25. reinvesting
  26. 84
  27. a cinema ticket
  28. 500
  29. spending
  30. saving
  31. 714
  32. saving
  33. 342
  34. buying a second juicer
  35. 106
  36. 42
  37. 300
  38. 380
  39. 936
  40. 381

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