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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 8 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.Eli borrows $20 and must pay $2 interest. How much does he pay back in all?
  • A.$20 + $2 = $22
  • B.$18
  • C.$20
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.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
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 can happen if a borrower does not pay back a loan?
  • A.The borrower earns interest
  • B.The loan turns into a gift
  • C.The lender may charge more and not lend to them again
6.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
7.Who must pay back money borrowed on credit?
  • A.The borrower
  • B.The store clerk
  • C.The lender
8.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

LessonPrint · D2.Eco.10.3-5 · Set 8 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 8. Prints on its own sheet.

  1. 1.$20 + $2 = $22
  2. 2.$24 ÷ $4 = 6 weeks
  3. 3.Extra money the borrower pays the lender for using the money
  4. 4.$30 ÷ $10 = 3; 3 × $1 = $3
  5. 5.The lender may charge more and not lend to them again
  6. 6.When what they want or need costs more than they can pay right now
  7. 7.The borrower
  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.