Which of the following describes the relationship between the variables of the simple interest formula? Answer choices: A) P depends on R and T B) R depends on P and T C) I depends on P, R, and T D) R depends on I

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Mathematics

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5 February, 08:35

Which of the following describes the relationship between the variables of the simple interest formula? Answer choices: A) P depends on R and T B) R depends on P and T C) I depends on P, R, and T D) R depends on I

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Answers (1)

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Antonio Higgins · Answer 1

C) I depends on P, R, and T

Step-by-step explanation:

The formula for calculating the simple interest given the Principal amount P, Rate of interest R and Time T in years is given by:

I = PRT

From this equation we can see that the Interest Amount depends on P, R and T. i. e. Interest is equal to the product of P, R and T

Therefore, the option C is the correct one.

I depends on P, R, and T