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What Credit Card Interest Costs is a free printable Grade 3 to Grade 5 social studies worksheet on what interest costs on a credit card balance, 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 16 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 Credit Card Interest Costs

D2.Eco.10.3-5

NameDate

Circle the answer that shows the right work.

1.Ana owes $200 and pays $50 each month. There is no interest. How many months until it is paid off?
  • A.250 months
  • B.$200 ÷ $50 = 4 months
  • C.10 months
2.How can you avoid paying any credit card interest?
  • A.Pay the whole balance by the due date each month
  • B.Never open the bill
  • C.Pay only the smallest amount allowed
3.A card charges $20 of interest a year for every $100 owed. How much interest is charged in a year on a $500 balance?
  • A.$520
  • B.$500 ÷ $100 = 5; 5 × $20 = $100
  • C.$20
4.Mia owes $120 and pays $30 each month, with no new purchases and no interest. How much does she owe after 2 months?
  • A.$90
  • B.2 × $30 = $60; $120 − $60 = $60
  • C.$150
5.What is interest on a credit card?
  • A.A fee for borrowing, charged on the amount you still owe
  • B.Money the store pays you
  • C.A gift from the bank
6.Does a debit card purchase charge interest?
  • A.No, because you are spending your own money, not borrowing
  • B.Yes, always more than a credit card
  • C.Yes, but only on weekends
7.Why does paying only the minimum each month cost more in the end?
  • A.The rest of the balance keeps being charged interest
  • B.The bank lowers the balance for you
  • C.The minimum payment is free
8.A bike costs $300. Paying with a card adds $15 in interest. How much does the bike cost in the end?
  • A.$300 + $15 = $315
  • B.$285
  • C.$300

LessonPrint · D2.Eco.10.3-5 · Set 16 · free to copy for classroom use

Answer key — What Credit Card Interest Costs

Set 16. Prints on its own sheet.

  1. 1.$200 ÷ $50 = 4 months
  2. 2.Pay the whole balance by the due date each month
  3. 3.$500 ÷ $100 = 5; 5 × $20 = $100
  4. 4.2 × $30 = $60; $120 − $60 = $60
  5. 5.A fee for borrowing, charged on the amount you still owe
  6. 6.No, because you are spending your own money, not borrowing
  7. 7.The rest of the balance keeps being charged interest
  8. 8.$300 + $15 = $315

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