Question

Which of the below is abbreviated as p.c.p.a ?

• A. Per cent per annum
• B. Per century per automation
• C. Per credit per annum
• D. Per capita per annum

Answer 1

The correct option is A Per cent per annum

Rate of interest is for a given period of time.
A rate of interest ‘per cent per annum’, written as p.c.p.a.,
gives the amount of interest due on every hundred rupees for a period of one year, that is, annually.