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The Price of Borrowing is a free printable Grade 3 to Grade 5 social studies worksheet on what an interest rate is, aligned to Common Core standard 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 pupils in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.

Set 12 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.

The Price of Borrowing

D2.Eco.10.3-5

NameDate

Circle the best answer.

1.You save 100 pounds and are paid 3 pounds a year. What is that?
  • A.Interest paid to you for lending your money to the bank
  • B.A gift
  • C.A wage
2.Why might a lender charge one borrower more than another?
  • A.Because one lives nearer
  • B.Because one is taller
  • C.Because one is less likely to repay
3.You borrow 100 pounds and repay 105. What is the 5 pounds?
  • A.A fine
  • B.Interest: the price of borrowing the money
  • C.A tax
4.A rate rises from 3 to 8 in a hundred. What happens to borrowing?
  • A.Borrowing costs more, so fewer people borrow
  • B.Nothing changes
  • C.Borrowing gets cheaper
5.A boatman borrows to buy a barge in 1845. Why was that a risk?
  • A.Interest cannot be charged
  • B.If his trade fell he would still owe the money and its interest
  • C.Barges float
6.What does an interest rate measure?
  • A.How much you earn
  • B.How much it costs to borrow, as a share of what you borrowed
  • C.How long you take to repay
7.The railway company borrows to lay track. What must it plan for?
  • A.Earning enough from fares to repay the loan and its interest
  • B.Charging no fares
  • C.Never repaying
8.Why does a lender charge interest at all?
  • A.To be unkind
  • B.Because coins wear out
  • C.Because the money could have been used elsewhere while it was lent

LessonPrint · D2.Eco.10.3-5 · Set 12 · free to copy for classroom use

Answer key — The Price of Borrowing

Set 12. Prints on its own sheet.

  1. 1.Interest paid to you for lending your money to the bank
  2. 2.Because one is less likely to repay
  3. 3.Interest: the price of borrowing the money
  4. 4.Borrowing costs more, so fewer people borrow
  5. 5.If his trade fell he would still owe the money and its interest
  6. 6.How much it costs to borrow, as a share of what you borrowed
  7. 7.Earning enough from fares to repay the loan and its interest
  8. 8.Because the money could have been used elsewhere while it was lent

More practice for D2.Eco.10.3-5

Explain what an interest rate is.

Teaching this next? What Borrowing Costs is the 45-minute plan for it, with the misconceptions to expect.

All Grade 3 to Grade 5 worksheets

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