The city built a skate park that cost $3,240 and will be paid for over two years in equal monthly payments. How much is each monthly payment? Use area models or drawings to help you solve the problem.

set each factor equal to 0

4x-3 = 0

2x-1 = 0

solve for x.

4x-3=0

4x=3

x= 3/4

solve for x. 

2x-1= 0

2x= 1

x= 1/2

eventually after a few more steps, your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x

i hope this is what you were looking for.

see attached graph

just pick what you think i need more time let me know if this

step-by-step explanation:

one fourth of 9% = 2.25%

gavin is correct in saying : the equivalent quarterly interest rate would be

2.25%.