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 1 of 25 · the same problems every time you open this link.
1.A card charges $3 interest every month for 12 months. How much interest is that in all?
A.$15
B.12 × $3 = $36
C.$9
2.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 + $4 = $64
B.$60
C.$56
3.How can you avoid paying any credit card interest?
A.Never open the bill
B.Pay the whole balance by the due date each month
C.Pay only the smallest amount allowed
4.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.3 × $2 = $6
B.$2
C.$103
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.$90
B.2 × $30 = $60; $120 − $60 = $60
C.$150
6.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
7.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
8.Ana owes $200 and pays $50 each month. There is no interest. How many months until it is paid off?
A.10 months
B.250 months
C.$200 ÷ $50 = 4 months
LessonPrint · D2.Eco.10.3-5 · Set 1 · free to copy for classroom use
Answer key — What Credit Card Interest Costs
Set 1. Prints on its own sheet.
1.12 × $3 = $36
2.$60 + $4 = $64
3.Pay the whole balance by the due date each month
4.3 × $2 = $6
5.2 × $30 = $60; $120 − $60 = $60
6.$300 + $15 = $315
7.The rest of the balance keeps being charged interest
8.$200 ÷ $50 = 4 months
Questions about What Credit Card Interest Costs
What does the What Credit Card Interest Costs worksheet cover?
It practices what interest costs on a credit card balance — 8 questions for Grade 3 to Grade 5, all on C3 Framework D2.Eco.10.3-5: Explain what an interest rate is. The instruction to students is “Circle the answer that shows the right work”, and the answer key follows on the next sheet.
Which C3 Framework indicator does What Credit Card Interest Costs practice?
D2.Eco.10.3-5, under Economics for Grade 3 to Grade 5. The published indicator reads: “Explain what interest rates are.” The worksheet assesses that indicator rather than a paraphrase of it.
What age or grade is this worksheet for?
What Credit Card Interest Costs 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 student working at that standard — including older students revisiting it and younger ones working ahead.
Does What Credit Card Interest Costs 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 Credit Card Interest Costs can I print?
25 — one per student, 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 Credit Card Interest Costs free to print and photocopy?
Yes. What Credit Card Interest Costs, 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.