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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 5 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.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
2.Why does paying only the minimum each month cost more in the end?
  • A.The minimum payment is free
  • B.The rest of the balance keeps being charged interest
  • C.The bank lowers the balance for you
3.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
4.Jay owes $100 and is charged $2 interest each month. How much does he owe after 3 months with no payments?
  • A.$102
  • B.$300
  • C.3 × $2 = $6; $100 + $6 = $106
5.Mia owes $120 and pays $30 each month, with no new purchases and no interest. How much does she owe after 2 months?
  • A.2 × $30 = $60; $120 − $60 = $60
  • B.$150
  • C.$90
6.Shoes cost $60 in cash. On a card the shoes cost $4 more in interest. How much do they cost on the card?
  • A.$60
  • B.$56
  • C.$60 + $4 = $64
7.How can you avoid paying any credit card interest?
  • A.Pay the whole balance by the due date each month
  • B.Pay only the smallest amount allowed
  • C.Never open the bill
8.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

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

Answer key — What Credit Card Interest Costs

Set 5. Prints on its own sheet.

  1. 1.A fee for borrowing, charged on the amount you still owe
  2. 2.The rest of the balance keeps being charged interest
  3. 3.12 × $3 = $36
  4. 4.3 × $2 = $6; $100 + $6 = $106
  5. 5.2 × $30 = $60; $120 − $60 = $60
  6. 6.$60 + $4 = $64
  7. 7.Pay the whole balance by the due date each month
  8. 8.$200 ÷ $50 = 4 months

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