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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 3 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.Who must pay back money borrowed on credit?
  • A.The store clerk
  • B.The borrower
  • C.The lender
2.Why does saving up first often cost less than buying on credit?
  • A.Saving adds a tax
  • B.When you save first, you pay no interest
  • C.Stores charge savers more
3.What can happen if a borrower does not pay back a loan?
  • A.The loan turns into a gift
  • B.The borrower earns interest
  • C.The lender may charge more and not lend to them again
4.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
5.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
6.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
7.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
8.Kim needs $24 for a trip. She saves $4 a week. How many weeks will it take?
  • A.28 weeks
  • B.20 weeks
  • C.$24 ÷ $4 = 6 weeks

LessonPrint · D2.Eco.10.3-5 · Set 3 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 3. Prints on its own sheet.

  1. 1.The borrower
  2. 2.When you save first, you pay no interest
  3. 3.The lender may charge more and not lend to them again
  4. 4.$30 ÷ $10 = 3; 3 × $1 = $3
  5. 5.Borrowing money now and paying it back later
  6. 6.$50 + $5 = $55
  7. 7.When what they want or need costs more than they can pay right now
  8. 8.$24 ÷ $4 = 6 weeks

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