which of the following describes the relationship between the variables of the simple interest formula?

l= p•r•t/100

a) p depends on r and t

b) r depends on p and t

c) l depends on p, r and t

d) r depends on l

The formula is
l= P•R•T/100
Where
I total interest earned
P principle
R interest rate
T time
The answer is
C) l depends on P, R and T

For example
If you deposited 1000 in your account at 10 percent, how much is the simple interest earned after 2 years.
I=1,000×(10÷100)×2
I=200

Hope it helps!

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