Financial
=RATE(nper, pmt, pv, [fv], [type], [guess])
Quiz =RATE — 15 Questions
15 quiz questions about =RATE — test syntax, arguments, examples & errors!
Questions:
10 questions
15 questions
Random 10 or 15 questions from the pool + shuffled options each time
Progress — 15 questions
1 of 15
Question 1 of 15
1/15
Is argument “guess” required in =RATE?
Explanation: “guess” is optional.
Question 2 of 15
2/15
Which function is NOT related to =RATE?
Explanation: “MIDB” is not related to RATE.
Question 3 of 15
3/15
Is argument “nper” required in =RATE?
Explanation: “nper” is required.
Question 4 of 15
4/15
Is argument “pmt” required in =RATE?
Explanation: “pmt” is required.
Question 5 of 15
5/15
What is the type of argument “pv” in =RATE?
Explanation: Type of “pv” is “Number”.
Question 6 of 15
6/15
Which is the correct syntax of =RATE?
Explanation: Correct syntax: =RATE(nper, pmt, pv, [fv], [type], [guess])
Question 7 of 15
7/15
What is the type of argument “pmt” in =RATE?
Explanation: Type of “pmt” is “Number”.
Question 8 of 15
8/15
Is =RATE volatile?
Explanation: RATE is not volatile.
Question 9 of 15
9/15
Which use case fits =RATE?
Explanation: Use case “Financial Calculations” fits RATE.
Question 10 of 15
10/15
What is the output type of =RATE?
Explanation: Output is “Number”.
Question 11 of 15
11/15
In =RATE, which is argument #2?
Explanation: Argument #2 is “pmt”.
Question 12 of 15
12/15
What is the type of argument “fv” in =RATE?
Explanation: Type of “fv” is “Number”.
Question 13 of 15
13/15
Which formula is a valid example of =RATE?
Explanation: Correct example: =RATE(A2*12, A3, A4)
Question 14 of 15
14/15
How many required arguments does =RATE have?
Explanation: =RATE has 3 required, 3 optional (6 total).
Question 15 of 15
15/15
What is the type of argument “nper” in =RATE?
Explanation: Type of “nper” is “Number”.