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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 22 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.When what they want or need costs more than they can pay right now
  • B.Only when they have too much money
  • C.Never, because credit is free money
2.Maria saves $3 a week for 10 weeks for a gift. How much does she save?
  • A.$13
  • B.$33
  • C.10 × $3 = $30
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.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
5.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
6.Eli borrows $20 and must pay $2 interest. How much does he pay back in all?
  • A.$20
  • B.$18
  • C.$20 + $2 = $22
7.Dev buys a $50 bike on credit and pays $5 interest. How much does the bike really cost him?
  • A.$45
  • B.$50 + $5 = $55
  • C.$50
8.What is credit?
  • A.Money you are given as a gift
  • B.Borrowing money now and paying it back later
  • C.Money you earn by working

LessonPrint · D2.Eco.10.3-5 · Set 22 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 22. Prints on its own sheet.

  1. 1.When what they want or need costs more than they can pay right now
  2. 2.10 × $3 = $30
  3. 3.When you save first, you pay no interest
  4. 4.$24 ÷ $4 = 6 weeks
  5. 5.Extra money the borrower pays the lender for using the money
  6. 6.$20 + $2 = $22
  7. 7.$50 + $5 = $55
  8. 8.Borrowing money now and paying it back later

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