How to calculate interest on a loan
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If you take out a five-year loan for $20,000 and the interest rate on the loan is 5 percent, the simple interest formula works as follows:

$20,000 x .05 x 5 = $5,000 in interest

You might encounter simple interest on short-term loans. However, the way most banks and lenders charge interest is more complicated.

Step-by-step explanation:

step-by-step explanation:

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

your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x