an amount was invested at r% per quarter. what value of r will ensure that accumulated amount at the end of one year is 1.5 times more than amount invested

will ensure that accumulated amount at the end of one year is 1.5 times more than amount invested

Step-by-step explanation:

Given: An amount was invested at r% per quarter.

To find: value of r such that accumulated amount at the end of one year is 1.5 times more than amount invested

Solution:

Let P denotes amount invested and n denotes time

As an amount (A) was invested at r% per quarter,

According to question, accumulated amount at the end of one year is 1.5 times more than amount invested.

So,

Put n = 1

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