Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Use of Spreadsheet in Business Applications

Question:

Which of the following category of functions is used in this formula: =PMT(C10/12,C8,C9,1)?

Options:

Logical

Financial

Statistical

Payment

Correct Answer:

Financial

Explanation:

The correct answer is option 2- Financial.

The formula PMT(C10/12,C8,C9,1) uses a Financial function.

PMT is a financial function that calculates the periodic payment for a loan or investment based on constant payments and a constant interest rate.