Question

The simple interest on a principal amount, P, borrowed for Tyears at R% annual interest is given by the following

formula.
P.R.T
100
Which of the following describes the relationship between the variables of the simple interest formula?
OP depends on Rand T
OR depends on Pand T
I depends on P, R, and T
O R depends on /

Answer 1

I depends on P, R, and T

Explanation:

Answer 2

I depends on P, R, and T describes the relationship between the variables of the simple interest formula

Explanation:

We are given that The simple interest on a principal amount, P, borrowed for T years at R% annual interest is given by the following :

Formula:
`I = (P * T * R)/(100)`

So,
`I \propto P`

`I \propto T`

`I \propto R`

So, I depends on P , T and R

So, Option C is true .

Hence I depends on P, R, and T describes the relationship between the variables of the simple interest formula