SOLUTION: 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? Correct to 2 decimal pl
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Question 1160788: 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? Correct to 2 decimal places.
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
= 1.106682 to several decimal places
= 10.67%, rounded to 2 decimal places
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