a$.$ Calculate the single equivalent discount rate for each company? Note: Do not round intermediate calculations. Round your final answers to the nearest hundredth percent. b$.$ Which of the following companies, A or B$,$ gives a higher discount? Use the single equivalent discount rate to make your choice. Company B Company $\backslash ($ A $\backslash )$a$.$ Calculate the single equivalent discount rate for each company?

Note: Do not round intermediate calculations. Round your final answers to the nearest hundredth percent.

b$.$ Which of the following companies, A or B$,$ gives a higher discount? Use the single equivalent discount rate to make your choice.

Company B

Company A