What category of functions is used in this formula: =PMT(C10/12,C8,C9,1)?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Financial
PMT works out the periodic payment on a loan or annuity from the rate, the number of periods and the present value, so it belongs to Excel's Financial category. "Payment" is what PMT stands for, not a category of functions.
NCERT (2026-27 edition):
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