The correct answer is: [C]: " 0.09712 ".
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Explanation:
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First, find the complement of each discount rate; then, multiply each complement. Subtract the final result from 100% .
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100% – 5 = 0.95 .
100% – 4 = 0.96 .
100% – 1 = 0.99 .
0.95 * 0.96 * 0.99 = 0.90288 .
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1.0000 – 0.90288 = 0.09712 ; which is: Answer choice: [C] .
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