PER ANNUM in a Sentence Examples: 21 Ways to Use Per Annum

Are you familiar with the term “per annum”? This financial phrase is commonly used in business and real estate transactions to denote an amount over a period of one year.

“Per annum” simply means “each year” or “annually.” It is often seen in contracts, leases, and financial statements to indicate how frequently a particular payment or interest rate will occur throughout a 12-month period. Understanding this term is crucial for making informed decisions in various financial dealings.

7 Examples Of Per Annum Used In a Sentence For Kids

1. I eat five meals per annum.
2. My birthday comes once per annum.
3. I go to school 200 days per annum.
4. I see fireworks on Diwali per annum.
5. I visit my grandparents twice per annum.
6. I get new clothes on my birthday per annum.
7. I watch cartoons every weekend per annum.

14 Sentences with Per Annum Examples

1. The average cost of tuition fees at this college is ₹50,000 per annum.
2. Students can apply for a scholarship of up to ₹10,000 per annum.
3. The library allows students to borrow up to five books per annum.
4. The sports club membership fee is ₹2,000 per annum.
5. The campus gym is open 24/7 and costs ₹3,000 per annum.
6. The college cafeteria offers a meal plan for ₹15,000 per annum.
7. The college offers a bus pass for ₹5,000 per annum for students.
8. The accommodation on campus costs ₹80,000 per annum for a shared room.
9. The college provides free parking permits for students per annum.
10. The student union fee is ₹1,000 per annum and is mandatory for all students.
11. The college organizes a career fair per annum for students to network with potential employers.
12. The annual college festival is a highly anticipated event per annum.
13. The college has an exchange program where students can study abroad for a semester per annum.
14. The college offers subsidized medical insurance at ₹5,000 per annum.

How To Use Per Annum in Sentences?

Per Annum, which is a Latin term meaning “per year,” is commonly used in various contexts, such as finance, commerce, and employment. To use Per Annum correctly in a sentence, follow these guidelines:

1. Identify the specific quantity or rate that is being expressed on an annual basis, such as salary, interest rate, or attendance.

2. Place Per Annum after the quantity or rate to indicate that the value is calculated on a yearly basis. For example: “She earns $50,000 Per Annum.”

3. Ensure that the phrase is used in the appropriate context where annual calculations are needed. For instance, you would say, “The interest rate on the loan is 5% Per Annum.”

4. Remember to include the currency or unit of measurement before Per Annum to provide clarity about what is being calculated annually. For example: “The rent for the apartment is $12,000 Per Annum.”

5. Avoid using Per Annum redundantly. If the amount is already expressed as an annual figure, there is no need to add Per Annum at the end of the sentence.

By following these steps, you can effectively incorporate Per Annum into your writing to convey annual rates and quantities accurately and professionally.

Conclusion

In conclusion, “per annum” is a term commonly used to express an annual rate, such as salary or interest, over a period of one year. This term simplifies financial information by providing a clear and standardized way to communicate yearly figures, making comparisons and calculations easier for individuals and businesses. For instance, a salary of $50,000 per annum means the individual earns $50,000 each year.

Understanding the meaning of “per annum” is essential for interpreting financial data accurately. Whether discussing income, interest rates, or other financial metrics, recognizing this term allows for clear communication and informed decision-making when it comes to financial matters on an annual basis.