What Single Rate of Discount Would Be Equivalent to a Series

question 215

Multiple Choice

What single rate of discount would be equivalent to a series of 15% / 8% / 4%?

• A) 48.0%
• B) 27.0%
• C) 24.9%
• D) 9.99%
• E) 21.4%

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Definitions:

Graphing Calculator

An electronic calculator capable of displaying and analyzing the graph of a mathematical function or equation.

System of Equations

A set of two or more equations with the same variables, intended to be solved together.

Graph Equations

The process of plotting points or drawing curves on a coordinate plane to represent solutions of equations.

Graph Equations

The process of plotting solutions to an equation on a coordinate plane to visualize the relationship between variables.