Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Spreadsheet

Question:

Which function returns the cumulative interest paid between two periods?

Options:

CUMIPMT

PMT

ACCRINT

NPV

Correct Answer:

CUMIPMT

Explanation:

The correct answer is option 1- CUMIPMT

CUMIPMT function returns the cumulative interest paid between two periods.

CUMIPMT function returns the cumulative interest paid between two periods. The syntax of the function is: CUMIPMT (rate, nper, pv, start_period, end_period, type).