Concept:
If \( \alpha, \beta \) are roots of \( ax^2 + bx + c = 0 \), then the equation with roots \( \alpha^2, \beta^2 \) can be found by substituting \( \sqrt{x} \) for \( x \) and rationalizing the equation.
Step 1: Use the transformation method.
Let the original roots be \( \alpha, \beta \). The new roots are \( y = \alpha^2 \), so \( \alpha = \sqrt{y} \).
Substitute \( x = \sqrt{y} \) into \( 2x^2 + 3x + 1 = 0 \):
\[ 2(\sqrt{y})^2 + 3\sqrt{y} + 1 = 0 \]
\[ 2y + 1 = -3\sqrt{y} \]
Step 2: Square both sides to remove the radical.
\[ (2y + 1)^2 = (-3\sqrt{y})^2 \]
\[ 4y^2 + 4y + 1 = 9y \]
Step 3: Simplify and replace \( y \) with \( x \).
\[ 4y^2 - 5y + 1 = 0 \]
The equation is \( 4x^2 - 5x + 1 = 0 \).