Per annum (p.a.)

Key term for OCR GCSE Mathematics, used in Growth and Decay.

Definition

A Latin term used in financial calculations meaning "per year".

Exam Context

Per annum (p.a.) appears in OCR GCSE Mathematics revision content for Ratio, Proportion and Rates Of Change, especially Growth and Decay and Exponential Growth and Decay.

Ratio, Proportion and Rates Of Change Growth and Decay Exponential Growth and Decay

Found in Revision Notes

Ratio, Proportion and Rates Of Change

Compound Interest and Depreciation

Growth and Decay • Exponential Growth and Decay

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Related Key Terms

Compound interest Decay multiplier Depreciation Exponential growth

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Fractional multiplier

Growth multiplier

Multiplier

Principal