Income, Credit, and Saving
Grade 3 - Social Studies - Challenge Me
Malia buys a $40 scooter on credit. She must also pay $4 interest. How much does she pay in all?
- $44
- $4
- $40
- $36
Plan A: save $3 a week for 6 weeks. Plan B: save $5 a week for 3 weeks. Which plan saves more?
- Plan A, $15
- Plan B, $18
- Plan A, $18
- Plan B, $15
A teacher studied for years to learn how to teach. Why does this training matter for income?
- It means the teacher works for free.
- It gives skills that schools pay for.
- It makes the school day shorter.
- It lets the teacher skip planning.
Hana had $25 for a $20 book. She bought a $15 toy on a whim instead. What did she give up?
- a trip to the store
- the book she planned to buy
- $15 in change
- the toy she bought
Theo can pay $30 cash for a helmet now, or use credit and pay $33 later. Which costs less in all?
- both cost the same
- using credit, $3 later
- using credit, $33 later
- paying $30 cash now
Why might strawberries cost more after a poor growing season?
- There are more strawberries to sell.
- Stores have extra strawberries.
- There are fewer strawberries to sell.
- People stop liking strawberries.
Idris earns $40. He saves half and spends the rest. How much does he save?
- $10
- $80
- $40
- $20
A farmer knows how to grow crops. How does this skill earn her income?
- She buys vegetables at the store.
- She borrows money for seeds.
- She grows vegetables people pay for.
- She gives her vegetables away.
Ruth borrows $20 from her brother. She pays back $5 each week. How many weeks until it is all paid?
- 20 weeks
- 15 weeks
- 4 weeks
- 5 weeks
Maya earns $12, saves $5 of those earnings, and borrows $3 from her aunt. Which amount must Maya repay?