Year 5 PSHE: Summer 1 worksheet

“Borrowing Can Cost More” is free to print, with no account. It is the first sheet in the Year 5 PSHE unit “PSHE: Summer 1”, for children aged 9 to 10, and takes about 22 minutes.

Print it on A4. The child's pages come first; the answers, and what each wrong answer tells you, are on the grown-up page that follows. Weeks 25 to 30 of the year, 6 sheets in the unit.

Free sample · answers on the last page

Borrowing Can Cost More

Name: ____________ · Date: ____________
Year 5 · PSHE · about 22 minutes
Answers are on the grown-up page

Today I can explain why borrowed money can cost more than the amount borrowed.

A Look back3 min

1.
Priya saves £5 every week for 4 weeks. How much has she saved altogether? £
2.
Sam puts £100 in a savings account. It earns £2 interest in a year. How much is in the account now? £
3.
Bea has 45p. A sticker costs 54p. Write < or > in the box: 45p 54p

B Watch me, then you4 min

Mia wants a £50 game but has no money today. She buys it on credit. The card adds 10% interest for each year she owes the money. She pays it all back after one year.

A shop shelf holding a few plain boxed games, with nobody in the picture

Watch me

The game costs £50, so Mia borrows £50.

10% of £50 is £5. That is the interest.

£50 + £5 = £55, so Mia must pay back £55.

Now you

1.
Leo borrows £40 on a card. The interest is 10%. How much must he pay back in total? £

C Your turn8 min

Each loan is paid back after one year. Add one year of interest, then answer.

1.
Kit borrows £20. The interest is 10%. How much must he pay back in total? £
2.
Kit borrows £40. The interest is 10%. How much must he pay back in total? £
3.
Kit borrows £40. The interest is 20%. How much must he pay back in total? £
4.
Zara borrowed £40 and now owes £44 in total. She pays it back in two equal payments. How much is each payment? £

Say it out loud: What changed from one question to the next, and what stayed the same?

D Spot the mistake3 min

Kit says: “I borrowed £30 at 10% a year. The interest is a one-off fee, so it is added once, however long I take to pay.”

1.
Is Kit right? Explain in one or two sentences.

E Think deeper4 min

1.
Ola pays £60 now for a game. Noah borrows £60 at 20% interest and pays it all back after a year. Who pays more, and how do you know? Then say one thing a family with little spare money could do instead.

How did it feel?

I can do it Nearly Not yet

For the grown-up

Borrowing Can Cost More · 2 minutes to read

Answers, and what a wrong one tells you

A

1. 20 If they write 9, they added 5 and 4. Ask them to say “five, four times” and count the fives.

2. 102 If they write 98, they took the interest away. Interest is extra money added to savings, so ask whether the total goes up or down.

3. < If they write >, they may have mixed up the signs. The wide open side faces the bigger amount. Ask which is more, 45p or 54p.

B

1. 44 If they write 4, they found the interest but not the total. Ask them what the borrowed money plus the extra comes to.

C

1. 22 If they write 2, they found only the interest. Ask them to add the borrowed money back on.

2. 44 If they write 50, they may have added 10 instead of working out 10%. Ask: is 10% of £40 more or less than £10?

3. 48 If they write 44, they used the 10% from the last question. Ask them to read the rate again and work it out.

4. 22 If they write 20, they halved the amount borrowed, not the total owed. The two payments must add up to the full £44.

D

1. Look for: Says Kit is wrong because interest keeps being added while the money is owed, so it grows over time. If they agree with Kit, ask: what happens to the £30 if Kit waits two years to pay it back? Talk about each year's interest being added.

E

1. Look for: Says Noah pays more because the 20% interest adds £12, making £72 instead of £60, and gives one sensible alternative. If they say Ola pays more, ask what Noah pays on top of the £60 price. Work out 20% of £60 together.

1. Look for: One feeling word or a short honest sentence about how the child felt during the lesson.

Words to use

Say“Which part of this is the borrowed money, and which part is the extra that gets added?”

Instead of“Credit is free if you pay it back on time.”

After the sheet

Put out a few coins and pretend to borrow 20p. Agree that you must pay back 22p, then talk about which 2p is the extra and why it is added.

Tick what your child got right in StudyDen. Anything missed comes back in a later Look back box, so there's no need to redo the sheet.

The rest of this unit

5 more sheets come with a StudyDen plan, in teaching order:

Standing up to bullying(with a plan)
Standing up with respect(with a plan)
How Migration Shaped Britain(with a plan)
Your digital footprint(with a plan)
Spotting false information(with a plan)

Every Year 5 PSHE worksheet

The worksheets plan opens a printable sheet for every lesson in Years 1 to 6, each with its answers on a separate page for you. It costs £6.99 a month or £59 a year for the whole family, with no free trial.

The full StudyDen plan adds the lessons themselves, marked as your child works, with the worksheets included. It is 7 days free, then £29.99 a month.

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