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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 19 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.When do people use credit?
  • A.Never, because credit is free money
  • B.Only when they have too much money
  • C.When what they want or need costs more than they can pay right now
2.Why does saving up first often cost less than buying on credit?
  • A.Saving adds a tax
  • B.Stores charge savers more
  • C.When you save first, you pay no interest
3.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.$30 ÷ $10 = 3; 3 × $1 = $3
  • C.$10
4.What is credit?
  • A.Borrowing money now and paying it back later
  • B.Money you earn by working
  • C.Money you are given as a gift
5.Eli borrows $20 and must pay $2 interest. How much does he pay back in all?
  • A.$18
  • B.$20
  • C.$20 + $2 = $22
6.Who must pay back money borrowed on credit?
  • A.The store clerk
  • B.The borrower
  • C.The lender
7.Dev buys a $50 bike on credit and pays $5 interest. How much does the bike really cost him?
  • A.$45
  • B.$50
  • C.$50 + $5 = $55
8.What is interest on a loan?
  • A.Extra money the borrower pays the lender for using the money
  • B.A discount on the price
  • C.Money the lender gives away

LessonPrint · D2.Eco.10.3-5 · Set 19 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 19. Prints on its own sheet.

  1. 1.When what they want or need costs more than they can pay right now
  2. 2.When you save first, you pay no interest
  3. 3.$30 ÷ $10 = 3; 3 × $1 = $3
  4. 4.Borrowing money now and paying it back later
  5. 5.$20 + $2 = $22
  6. 6.The borrower
  7. 7.$50 + $5 = $55
  8. 8.Extra money the borrower pays the lender for using the money

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