Question

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

Answer 1

C) I depends on P, R, and T

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