Question: Please Solve for x: 1 / x + 2 / 2 x = 2 Suppose you decide to invest $1, 500 into a savings account

Please Solve for x:

1 / x + 2 / 2 x = 2

Suppose you decide to invest $1, 500 into a savings account which pays a quarterly interest rate r. No additional deposits or withdrawals are made. If the account has $2, 000 three years later, what was the rate r?

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