Question

What is full form of p.c.p.a

Answer 1

Answer:

per cent per annum

Step-by-step explanation:

It is also called as rate of interest. It is used in simple interest and compound interest.It is the amount of money charged per cent(for every100) per annum (for every year)

Answer 2

Answer:

Hence, the p.c.p.a stands for Percent Compounded Per Annum.

Step-by-step explanation:

• The full form of p.c.p.a is Percent Compounded Per Annum.

• An accounting phrase for yearly or annual interest is per annum.
• The p.c.p.a is used for calculating compound interest from the preceding year.

• It also specifies that the Rate applies to compound interest rather than simple interest.