When simple interest is used, the accumulated amount is a linear function of time.

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B
True

True. Interest = P* R * T/100, so interest depends directly on time

Suggest Corrections

Similar questions

When interest is compounded annually, the amount of money accumulated in one year is the same under either a simple or compound interest scenario.

20 %

The graph between simple interest and time is linear.

Join BYJU'S Learning Program