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

LessonPrint · D2.Eco.10.3-5 · Set 17 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 17. Prints on its own sheet.

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

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