Edexcel GCSE Mathematics · 1MA1
Specification R9 · Paper 1, Paper 2, Paper 3
Revise: Simple Interest and Financial MathematicsPer annum means per year. The original amount borrowed or invested is called the principal.
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GCSE Mathematics · key term
A Latin expression meaning “for each year”; it indicates an annual rate.
Used by Edexcel
Specification R9 · Paper 1, Paper 2, Paper 3
Revise: Simple Interest and Financial MathematicsPer annum means per year. The original amount borrowed or invested is called the principal.
Match the time to the rate: for a rate “per year” or “per annum”, use the number of years.
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