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easyMCQCUET Accountancy 2025 2 June Shift 22026CUET Accountancy
1 mark

Which Excel spreadsheet function returns the cumulative interest paid on a loan between two periods?

  1. A
    CUMIPMT
  2. B
    PMT
  3. C
    ACCRINT
  4. D
    NPV

Solution & Step-by-step Explanation

The CUMIPMT function (Cumulative Interest Payment) calculates the total interest paid on a loan or investment between a specified start period and end period.

Practice this question

Try it yourself before checking the explanation above.

Which Excel spreadsheet function returns the cumulative interest paid on a loan between two periods?
A
CUMIPMT
B
PMT
C
ACCRINT
D
NPV

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Computerised AccountingSpreadsheet Functions

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