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4 November, 17:43

Suppose an investment offers to triple your money in 36 months (don't believe it). What rate of return per quarter are you being offered

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  1. 4 November, 18:08
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    By the term quarter, we mean to say that a year is to be divided in four equal parts. Each year has 12 months. Therefore, each quarter is only composed of 3 months. The rate of tripling the money in 36 months can also be expressed in its equivalent in 3 months.

    3/36 = x / 3

    The value of 3 is equal to 9/36 or 1/4. Therefore, the money will grow by 0.25% every quarter.
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