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mediumMCQCUET Accountancy 2022 15 July Shift 22026Accountancy
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In which cell is the rate parameter for the PMT function located given the formula = PMT(C8, C9, C10, C11, C12)?

  1. A
    C 10
  2. B
    C 12
  3. C
    C 8
  4. D
    C 9

Solution & Step-by-step Explanation

Syntax of Excel/Spreadsheet PMT function is:=PMT(rate, nper, pv, [fv], [type])The first argument is rate, which corresponds to cell C8 in the given question.

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Try it yourself before checking the explanation above.

In which cell is the rate parameter for the PMT function located given the formula = PMT(C8, C9, C10, C11, C12)?
A
C 10
B
C 12
C
C 8
D
C 9

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