In Excel, which function is used to calculate the interest rate per period of a loan? MCQ with Answer and Explanation

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In Excel, which function is used to calculate the interest rate per period of a loan?

A. IRR

B. NPER

C. RATE

D. PMT

Answer: Option C

Solution (By JKExamLibrary)

RATE calculates interest rate per period.

This question belongs to: Computer Microsoft Office

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In MS Word, the 'Ctrl + Shift + A' shortcut:

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Correct Answer: Option A

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