Determine the Equivalent Single Rate of Discount for Each of the Following

question 85

Essay

Determine the equivalent single rate of discount for each of the following series of discounts.
a) 18 %, 10.0%
b) 50%, 33 %, 5.0%

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Definitions:

Conversion

An intentional tort that involves the unauthorized taking or use of someone else's personal property.

Intentional Tort

A wrongful act done intentionally that causes harm to another person, distinguishable from negligence or accidental harm.

Defamation

A legal term that refers to false statements made by one party about another, which cause harm to that person's reputation.

Negligence

Failing to exercise the degree of care considered reasonable for an individual in identical situations.