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BTEC Business Unit 3: Four Ways to Pay for a Laptop

Learners compare a personal loan, hire purchase, a credit card and a payday loan for a young apprentice, calculate the cost of credit, test slow repayment and give advice.

BTEC Business · BTEC Nationals Business (2016), Unit 3 · Free PDF and Word · No sign up

Illustration of a £900 laptop surrounded by four borrowing options: personal loan £954, hire purchase £990, credit card and payday loan £1,116 — Illustration created with an AI image tool to show the situation. All figures are those used in the lesson.

BTEC-Business-Unit-3-Borrowing-Laptop-Student

Learner pages. 5 pages: the case, the offers, an interest table, a pair task and space for working. No answers.

Student PDF Student Word

BTEC-Business-Unit-3-Borrowing-Laptop-Teacher

Teacher guide. 4 pages: lesson plan, worked answers, the completed interest table and indicative guidance for the advice.

Teacher PDF Teacher Word

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BTEC Unit 3: all 24 lessons for £13, about 54p a lesson. Eight original cases with learner pages, a teacher guide and full worked answers, as PDF and editable Word. Or take just this topic: Hollinwick Brewing: sources of finance, three lessons, £5.50.

See the 24-lesson bundle, £13 Hollinwick Brewing, £5.50

Original cases, not exam board questions. Not endorsed by any exam board.

The first student pages of Four Ways to Pay for a Laptop

What students do

Match hire purchase, payday loans and credit cards to their features
Calculate a monthly surplus and the cost of credit in pounds and as a percentage for three offers
Complete a month-by-month credit card table and see what slow repayment costs
Weigh each option in pairs, name where to get guidance and complain, and write advice for the borrower

What the teacher gets

A lesson plan for about 55 minutes of tasks, with a shorter 45-minute version. Allow longer in the timetable for handing out and feedback
Worked answers for every calculation, including the completed interest table
Indicative guidance for the written advice. It is not an exam board mark scheme and carries no marks or grades
Editable Word versions of both files, so you can change the case or the figures

Specification

Pearson BTEC Level 3 National Extended Certificate in Business (2016), Unit 3 Personal and Business Finance, learning aim A4 Managing personal finance (personal loans, hire purchase, credit cards, payday loans and their suitability), with B3 consumer protection and B4 information, guidance and advice. Checked against the Pearson specification, Issue 14, April 2023. The borrower, the lenders and every figure are fictional and the questions are original. This is not a Pearson resource, and the lesson has not yet been tested in a classroom.

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