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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 20 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 is credit?
  • A.Money you earn by working
  • B.Money you are given as a gift
  • C.Borrowing money now and paying it back later
2.Kim needs $24 for a trip. She saves $4 a week. How many weeks will it take?
  • A.28 weeks
  • B.$24 ÷ $4 = 6 weeks
  • C.20 weeks
3.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
4.When do people use credit?
  • A.Only when they have too much money
  • B.Never, because credit is free money
  • C.When what they want or need costs more than they can pay right now
5.A bank pays $1 interest a year for every $10 saved. Zoe has $30 saved. How much interest will she earn this year?
  • A.$10
  • B.$30 ÷ $10 = 3; 3 × $1 = $3
  • C.$31
6.What is one benefit of a savings plan?
  • A.Money grows steadily toward a goal, like college
  • B.Prices stop changing
  • C.You never have to wait
7.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 borrower earns interest
  • C.The loan turns into a gift
8.Eli borrows $20 and must pay $2 interest. How much does he pay back in all?
  • A.$20 + $2 = $22
  • B.$20
  • C.$18

LessonPrint · D2.Eco.10.3-5 · Set 20 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 20. Prints on its own sheet.

  1. 1.Borrowing money now and paying it back later
  2. 2.$24 ÷ $4 = 6 weeks
  3. 3.When you save first, you pay no interest
  4. 4.When what they want or need costs more than they can pay right now
  5. 5.$30 ÷ $10 = 3; 3 × $1 = $3
  6. 6.Money grows steadily toward a goal, like college
  7. 7.The lender may charge more and not lend to them again
  8. 8.$20 + $2 = $22

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