For the polynomial p(x), the remainder when p(x) is divided by x-2 is 4, and the remainder when p(x) is divided by x-7 is 1. what is the value of p(7)?
a) 1
b) 2
c) 4
d) 7

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one fourth of 9% = 2.25%

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

2.25%.