Question

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

Answer 1

Answer:

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

Step-by-step 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: $I = \frac{P \times T \times R}{100}$

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