The graph between simple interest and time is linear.

True

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False

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Solution

The correct option is A
True

Simple interest is dependent only on time for a fixed rate of interest and principal.

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Similar questions

Q. The graph of simple interest versus time is linear.

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Question 64

In questions 60 to 79, state whether the statements are True or False.
The simple interest on a sum of Rs. P for T yr at R % per annum is given by the formula
Simple Interest $= \frac{T \times P \times R}{100}$

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The graph between simple interest and time is linear.

The correct option is A True Simple interest is dependent only on time for a fixed rate of interest and principal.

The correct option is A
True

Simple interest is dependent only on time for a fixed rate of interest and principal.