So firstly, multiply both sides by 4 (the reciprocal of 1/4): 
Next, subtract both sides by 2 and your answer will be: 
Answer:
A, D
Step-by-step explanation:
When we multiply the fractions, we can get:

This is also equivalent to:

When looking at the answer choices, the only ones that equal
are A and D because:


$15 x .0725 = 1.0875 which we have to round to $1.09
Notice how I changed the 7.25% to a decimal .0725 by moving it back two places.
I think it would be A.) but at the same time i think it's wrong