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

Question 17

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Determine the equivalent single rate of discount for each of the following series of discounts.
a) 18 Determine the equivalent single rate of discount for each of the following series of discounts. a) 18 %, 4.5% b) 36%, 7 %, 1.5% %, 4.5%
b) 36%, 7 Determine the equivalent single rate of discount for each of the following series of discounts. a) 18 %, 4.5% b) 36%, 7 %, 1.5% %, 1.5%

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a) Single rate = 1 - (0.813333...

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