Question

substitute the given values into the given formula and solve for the unknown variable. if necessary, round to one decimal place. i = prt; i = 1840, p = 23000, r = 0.04 (simple interest formula)

Explanation:

Step1: Write the simple - interest formula

$I = PRT$

Step2: Substitute the given values

Given $I = 1840$, $P=23000$, $R = 0.04$. Substitute into the formula: $1840=23000\times0.04\times T$.

Step3: Simplify the right - hand side

First, calculate $23000\times0.04 = 920$. So the equation becomes $1840 = 920T$.

Step4: Solve for T

Divide both sides of the equation by 920: $T=\frac{1840}{920}$.
$T = 2$

Answer:

2