Determine the Equivalent Single Rate of Discount for the Following

question 65

Multiple Choice

Determine the equivalent single rate of discount for the following series of discounts: 15%, 12.5%, 8%.

• A) 35.5%
• B) 68.425%
• C) 31.575%
• D) 0.68425%
• E) 0.31575%

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Definitions:

John Frémont

John Frémont was an American explorer, politician, and soldier known for his role in mapping the Oregon Trail and his efforts in California during the Mexican-American War; he was also a candidate for President of the United States in 1856.

Decreed Freedom

Refers to the act of granting freedom through a formal declaration or law, often historical context referring to the emancipation of slaves or oppressed populations.

Captured Forts

Refers to forts or strongholds that have been taken control of by opposing forces, typically in a military context.

Confederate Territory

Confederate Territory refers to the geographic area controlled by or affiliated with the Confederate States of America during the American Civil War.