OpenStax, Intermediate Algebra 2e §2.2 Use a Problem Solving Strategy · Exercise 73 · Algebra · Algebra word problems
Use a Problem Solving Strategy · Exercise 73
Solve.
Lebron lent his daughter $20,000 to help her buy a condominium. When she sold the condominium four years later, she paid him the $20,000, plus $3,000 interest. What was the rate of simple interest?
OpenStax, Intermediate Algebra 2e · §2.2 Use a Problem Solving Strategy · Exercise 73
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Checked against the answer in OpenStax, Intermediate Algebra 2e.