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Saving Up and Paying Back is a free printable Grade 3 to Grade 5 social studies worksheet on figuring out savings plans and the cost of credit, aligned to C3 Framework indicator D2.Eco.10.3-5. It prints 8 questions with an answer key on its own sheet of paper, in 25 versions that each ask different questions, so no two students in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.

Set 14 of 25 · the same problems every time you open this link.

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Set 1 has all 25 in a single PDF. All 25 sets ask different questions.

Saving Up and Paying Back

D2.Eco.10.3-5

NameDate

Circle the answer that shows the work.

1.What can happen if a borrower does not pay back a loan?
  • A.The lender may charge more and not lend to them again
  • B.The loan turns into a gift
  • C.The borrower earns interest
2.Maria saves $3 a week for 10 weeks for a gift. How much does she save?
  • A.10 × $3 = $30
  • B.$13
  • C.$33
3.Kim needs $24 for a trip. She saves $4 a week. How many weeks will it take?
  • A.20 weeks
  • B.$24 ÷ $4 = 6 weeks
  • C.28 weeks
4.What is interest on a loan?
  • A.A discount on the price
  • B.Money the lender gives away
  • C.Extra money the borrower pays the lender for using the money
5.When do people use credit?
  • A.When what they want or need costs more than they can pay right now
  • B.Never, because credit is free money
  • C.Only when they have too much money
6.Eli borrows $20 and must pay $2 interest. How much does he pay back in all?
  • A.$20
  • B.$20 + $2 = $22
  • C.$18
7.A bank pays $1 interest a year for every $10 saved. Zoe has $30 saved. How much interest will she earn this year?
  • A.$30 ÷ $10 = 3; 3 × $1 = $3
  • B.$10
  • C.$31
8.Why does saving up first often cost less than buying on credit?
  • A.When you save first, you pay no interest
  • B.Stores charge savers more
  • C.Saving adds a tax

LessonPrint · D2.Eco.10.3-5 · Set 14 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 14. Prints on its own sheet.

  1. 1.The lender may charge more and not lend to them again
  2. 2.10 × $3 = $30
  3. 3.$24 ÷ $4 = 6 weeks
  4. 4.Extra money the borrower pays the lender for using the money
  5. 5.When what they want or need costs more than they can pay right now
  6. 6.$20 + $2 = $22
  7. 7.$30 ÷ $10 = 3; 3 × $1 = $3
  8. 8.When you save first, you pay no interest

Last reviewed 2026-09-05. Aligned to D2.Eco.10.3-5 of the C3 Framework for Social Studies State Standards.