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: [tex]I = \frac{P \times T \times R}{100}[/tex]
So,[tex]I \propto P[/tex]
[tex]I \propto T[/tex]
[tex]I \propto R[/tex]
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