Question
The price for a bike after two successive discounts of 28% and 10% is $129.60. 1. What is the single equivalent rate of discount? 35.20
The price for a bike after two successive discounts of 28% and 10% is $129.60. 1. What is the single equivalent rate of discount? 35.20 places) % (rounded to two decimal 2. What is the price of the bike before the two discounts? Price $178.84 (rounded to the nearest dollar)
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An Introduction To Derivative Securities Financial Markets And Risk Management
Authors: Robert A. Jarrow, Arkadev Chatterjee
2nd Edition
194465965X, 978-1944659653
