Name:_____________
Growing Money
Worksheet ©
mathkinz
Date:______________
Score:______________
If you want your money to grow, you should invest. If you keep your money at home,
there is a chance you will spend it. The prices of things increases with time. The longer money
is held at home, the less worth it is with time.
There is always a risk with investing money. Money should be invested
where there is less risk like in a bank.
Various places you can invest are:
Savings Bank, Bonds, Stocks and other complex instruments.
You have to be eighteen years older to invest in stocks. Its never too early or too late to invest.
Rule of 72 says: If there is a compounded yearly return of r% on an investment, then it takes 72/r years to double your money.
For example if there is a compounded yearly return of 12% on an investment then it will take 6 years to double your money.
Where does money grow?
A. On a tree
B. In a Bank
If you want to make your money grow what are the places you should keep your money?
A. In your pocket
B. In Savings Account
C. In Checking Account
What does CD means in terms of money?
A. Certificate of deposit
B. Compact Disc
Which is a better return on an investment?
A. Yearly 5% simple interest
B. Yearly 5% Compounded interest
Which is a better strategy of investment?
A. Invest everything in one stock
B. Invest in multiple places