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For fixed time period and rate of interest, the simple interest is directly proportional to the principal. - Mathematics

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Question

For fixed time period and rate of interest, the simple interest is directly proportional to the principal.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is True.

Explanation:

For fixed time period (T) and rate of interest (R), the simple interest is directly proportional to the principal.

We know that,

`SI = (P xx R xx T)/100`

⇒ `(SI)/P = (R xx T)/100`

= Constant (as R and T are constants)

∴ Simple interest is directly proportional to the principal.

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Chapter 10: Direct and Inverse Proportions - Exercise [Page 321]

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NCERT Exemplar Mathematics [English] Class 8
Chapter 10 Direct and Inverse Proportions
Exercise | Q 58. | Page 321

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