Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Use of Spreadsheet in Business Applications

Question:

In what cell is the Rate for PMT function where - PMT (C8, C9, C10, C11, C12)?

Options:

C8

C10

C9

C12

Correct Answer:

C8

Explanation:

The correct answer is Option (1) → C8.

In the PMT function, the rate is the interest rate per period, which is located in C8 cell.