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Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 997 · 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.🔁 Reinvesting means… (a) giving it away (b) spending it on games (c) putting profit back in (d) hiding it
  2. 2.🐷 Saving, reinvesting or spending: a new video game? (a) spending (b) saving (c) reinvesting
  3. 3.A small family shop borrows ₹800 from a bank at 5% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  4. 4.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) saving (c) reinvesting
  5. 5.A small family shop borrows ₹100 from a bank at 9% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  6. 6.🏦 Interest on a loan is… (a) a gift (b) a discount (c) the cost of borrowing (d) free money
  7. 7.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?
  8. 8.🐷 Saving, reinvesting or spending: buying a second juicer? (a) spending (b) saving (c) reinvesting
  9. 9.Vihaan’s stall made a profit of ₹1700. Vihaan saves 10% of it. How many rupees are saved?
  10. 10.Which of these is saving? (a) an emergency fund (b) sweets for yourself (c) a new video game (d) better paint for cards
  11. 11.🐷 Why save part of the profit? (a) to waste it later (b) for bad days and goals (c) saving is a loss (d) no reason
  12. 12.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving
  13. 13.A small family shop borrows ₹1000 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  14. 14.A small family shop borrows ₹700 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  15. 15.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  16. 16.💡 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?
  17. 17.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) saving (c) spending
  18. 18.A small family shop borrows ₹600 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  19. 19.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 ₹)?
  20. 20.Which of these is spending on yourself? (a) buying a second juicer (b) profit put in a bank (c) a new video game (d) an emergency fund
  21. 21.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) saving (c) reinvesting
  22. 22.Which of these is reinvesting in the business? (a) profit put in a bank (b) a piggy bank for later (c) buying a second juicer (d) a cinema ticket
  23. 23.A small family shop borrows ₹300 from a bank at 5% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  24. 24.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) borrow online alone (c) take it secretly (d) talk to parents
  25. 25.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) spending (c) reinvesting
  26. 26.A small family shop borrows ₹1000 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  27. 27.Nisha’s stall made a profit of ₹1200. Nisha saves 20% of it. How many rupees are saved?
  28. 28.Which of these is reinvesting in the business? (a) more seeds for next time (b) sweets for yourself (c) a new video game (d) a piggy bank for later
  29. 29.A small family shop borrows ₹300 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  30. 30.A small family shop borrows ₹200 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  31. 31.Saanvi’s stall made a profit of ₹300. Saanvi saves 25% of it. How many rupees are saved?
  32. 32.Which of these is spending on yourself? (a) profit put in a bank (b) better paint for cards (c) a cinema ticket (d) buying a second juicer
  33. 33.Diya’s stall made a profit of ₹1500. Diya saves 20% of it. How many rupees are saved?
  34. 34.A small family shop borrows ₹200 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
  35. 35.Nisha’s stall made a profit of ₹400. Nisha saves 10% of it. How many rupees are saved?
  36. 36.📆 Why repay a loan on time? (a) to lose friends (b) it does not matter (c) to keep trust (d) to pay more interest
  37. 37.Which of these is spending on yourself? (a) buying a second juicer (b) better paint for cards (c) sweets for yourself (d) profit put in a bank
  38. 38.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) spending (c) saving
  39. 39.A small family shop borrows ₹900 from a bank at 5% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  40. 40.Ishaan’s stall made a profit of ₹1000. Ishaan saves 25% of it. How many rupees are saved?

Answer key

  1. putting profit back in
  2. spending
  3. 880
  4. spending
  5. 109
  6. the cost of borrowing
  7. 70
  8. reinvesting
  9. 170
  10. an emergency fund
  11. for bad days and goals
  12. saving
  13. 1180
  14. 147
  15. 545
  16. can I pay it back?
  17. reinvesting
  18. 24
  19. 106
  20. a new video game
  21. saving
  22. buying a second juicer
  23. 330
  24. talk to parents
  25. reinvesting
  26. 1070
  27. 240
  28. more seeds for next time
  29. 306
  30. 236
  31. 75
  32. a cinema ticket
  33. 300
  34. 8
  35. 40
  36. to keep trust
  37. sweets for yourself
  38. saving
  39. 945
  40. 250

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