What a Rate Actually Measures 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 1 of 25 · the same problems every time you open this link.
1.A mill borrows 5,000 pounds and repays 5,300. What is the 300?
A.A tax
B.A fine
C.Interest: the price of borrowing the 5,000
2.The relief fund is kept in a savings bank and grows. What is the growth?
A.Interest paid to the union for lending the bank its money
B.A subscription
C.A gift
3.Rates rise from 3 to 7 in the hundred. What happens to new mills?
A.Fewer are built, because borrowing to build costs more
B.Nothing changes
C.More are built
4.A family borrows the four pound fare at high interest. What is the risk?
A.If no work is found abroad, the debt and its interest remain
B.The ship sinks
C.Fares fall
5.What does an interest rate measure?
A.How rich the lender is
B.The cost of borrowing as a share of what was borrowed
C.How long the loan lasts
6.Why is a loan to a failing weaver charged more than one to a mill?
A.Weavers are disliked
B.Mills are larger
C.He is less likely to repay, so the lender charges for the risk
7.Why does a lender charge anything at all?
A.The money could have been earning elsewhere while it was lent
B.To discourage borrowing
C.Because coins wear
8.The harbour board borrows for a new light. What must it plan?
A.Dues high enough to repay the loan and its interest
B.Charging nothing
C.Never repaying
LessonPrint · D2.Eco.10.3-5 · Set 1 · free to copy for classroom use
Answer key — What a Rate Actually Measures
Set 1. Prints on its own sheet.
1.Interest: the price of borrowing the 5,000
2.Interest paid to the union for lending the bank its money
3.Fewer are built, because borrowing to build costs more
4.If no work is found abroad, the debt and its interest remain
5.The cost of borrowing as a share of what was borrowed
6.He is less likely to repay, so the lender charges for the risk
7.The money could have been earning elsewhere while it was lent
8.Dues high enough to repay the loan and its interest
Questions about What a Rate Actually Measures
What does the What a Rate Actually Measures worksheet cover?
It practises what an interest rate is — 8 questions for Grade 3 to Grade 5, all on Common Core D2.Eco.10.3-5: Explain what an interest rate is. The instruction to pupils is “Circle the best answer”, and the answer key follows on the next sheet.
Which Common Core standard does What a Rate Actually Measures practise?
D2.Eco.10.3-5 — D2.Eco.10.3-5, in the Economics domain for Grade 3 to Grade 5. The published standard reads: “Explain what interest rates are.” The worksheet assesses that standard rather than a paraphrase of it.
What age or grade is this worksheet for?
What a Rate Actually Measures is written for Grade 3 to Grade 5, typically ages 40-41. It is one of the sheets on D2.Eco.10.3-5, so it suits any pupil working at that standard — including older pupils revisiting it and younger ones working ahead.
Does What a Rate Actually Measures come with an answer key?
Yes. All 8 answers are generated from the same problems as the questions, so the key cannot drift out of step with the sheet. It starts on a fresh sheet of paper, after the questions, so it is not handed out with the class by accident.
How many different versions of What a Rate Actually Measures can I print?
25 — one per pupil, and all 25 ask different questions. Set 1 downloads the whole class as a single PDF. Every version is fixed to its own address, so a sheet printed today holds the same problems when you reopen it next week.
Is What a Rate Actually Measures free to print and photocopy?
Yes. What a Rate Actually Measures, its answer key and its 25 versions are free to print and photocopy for your own class, with no account, no email capture and no subscription at the download step. Please do not resell them or republish them as your own.
Is there a lesson plan to teach D2.Eco.10.3-5?
Yes — “What a Rate Actually Measures” is a 50-minute Grade 3 to Grade 5 plan for D2.Eco.10.3-5, timed section by section, with the misconceptions to expect and an exit ticket. What a Rate Actually Measures is the practice that follows it.