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25 June, 15:58

The simple interest on a principal amount, P, borrowed for T years at R% annual interest is given by the following formula. Which of the following describes the relationship between the variables of the simple interest formula?

1. P depends on R and T

2. R depends on P and T

3. I depends on P, R, and T

4. R depends on I

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Answers (1)
  1. 25 June, 16:00
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    3.

    The formula for the question is

    I = P R T

    Interest = Principle x Rate x Time
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