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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 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 Credit Card Interest Costs

D2.Eco.10.3-5

NameDate

Circle the answer that shows the right work.

1.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
2.Why does paying only the minimum each month cost more in the end?
  • A.The bank lowers the balance for you
  • B.The minimum payment is free
  • C.The rest of the balance keeps being charged interest
3.Jay owes $100 and is charged $2 interest each month. How much does he owe after 3 months with no payments?
  • A.$300
  • B.3 × $2 = $6; $100 + $6 = $106
  • C.$102
4.What is interest on a credit card?
  • A.Money the store pays you
  • B.A fee for borrowing, charged on the amount you still owe
  • C.A gift from the bank
5.Does a debit card purchase charge interest?
  • A.Yes, always more than a credit card
  • B.Yes, but only on weekends
  • C.No, because you are spending your own money, not borrowing
6.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.$150
  • C.2 × $30 = $60; $120 − $60 = $60
7.A card charges $3 interest every month for 12 months. How much interest is that in all?
  • A.12 × $3 = $36
  • B.$15
  • C.$9
8.Jay owes $100 on a credit card. He is charged $2 interest each month he leaves it unpaid. How much interest does he pay in 3 months?
  • A.$103
  • B.3 × $2 = $6
  • C.$2

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

Answer key — What Credit Card Interest Costs

Set 19. Prints on its own sheet.

  1. 1.Pay the whole balance by the due date each month
  2. 2.The rest of the balance keeps being charged interest
  3. 3.3 × $2 = $6; $100 + $6 = $106
  4. 4.A fee for borrowing, charged on the amount you still owe
  5. 5.No, because you are spending your own money, not borrowing
  6. 6.2 × $30 = $60; $120 − $60 = $60
  7. 7.12 × $3 = $36
  8. 8.3 × $2 = $6

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