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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 19 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.

What a Rate Actually Measures

D2.Eco.10.3-5

NameDate

Circle the best answer.

1.Why is a loan to a failing weaver charged more than one to a mill?
  • A.Weavers are disliked
  • B.He is less likely to repay, so the lender charges for the risk
  • C.Mills are larger
2.Rates rise from 3 to 7 in the hundred. What happens to new mills?
  • A.More are built
  • B.Nothing changes
  • C.Fewer are built, because borrowing to build costs more
3.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 gift
  • C.A subscription
4.Why does a lender charge anything at all?
  • A.Because coins wear
  • B.The money could have been earning elsewhere while it was lent
  • C.To discourage borrowing
5.A mill borrows 5,000 pounds and repays 5,300. What is the 300?
  • A.Interest: the price of borrowing the 5,000
  • B.A tax
  • C.A fine
6.A family borrows the four pound fare at high interest. What is the risk?
  • A.Fares fall
  • B.The ship sinks
  • C.If no work is found abroad, the debt and its interest remain
7.The harbour board borrows for a new light. What must it plan?
  • A.Charging nothing
  • B.Dues high enough to repay the loan and its interest
  • C.Never repaying
8.What does an interest rate measure?
  • A.The cost of borrowing as a share of what was borrowed
  • B.How rich the lender is
  • C.How long the loan lasts

LessonPrint · D2.Eco.10.3-5 · Set 19 · free to copy for classroom use

Answer key — What a Rate Actually Measures

Set 19. Prints on its own sheet.

  1. 1.He is less likely to repay, so the lender charges for the risk
  2. 2.Fewer are built, because borrowing to build costs more
  3. 3.Interest paid to the union for lending the bank its money
  4. 4.The money could have been earning elsewhere while it was lent
  5. 5.Interest: the price of borrowing the 5,000
  6. 6.If no work is found abroad, the debt and its interest remain
  7. 7.Dues high enough to repay the loan and its interest
  8. 8.The cost of borrowing as a share of what was borrowed

More practice for D2.Eco.10.3-5

Explain what an interest rate is.

Teaching this next? What a Rate Actually Measures is the 50-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.