_________ cell is the rate in the PMT function =PMT(C8, C9, C10, C11, C12).
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → C8
The PMT function takes its arguments in the order rate, nper, pv, fv, type. In =PMT(C8, C9, C10, C11, C12) the first cell, C8, holds the rate; C9 is the number of periods, C10 the present value, C11 the future value and C12 the type.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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