Business Studies, asked by Anonymous, 9 months ago

7. A new transit system has just gone into operation in a city. Of those who use the transit system this year, 10% will switch over to using their own car next year and 90% will continue to use the transit system. Of those who use their cars this year, 80% will continue to use their cars next year and 20% will switch over to the transit system. Suppose the population of the city remains constant and that 50% of the commuters use the transit system and 50% of the commuters use their cars this year, (i) What percent of commuters will be using the transit system after one year? (ii) What percent of commuters will be using the transit system in the long run?

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Answered by hemlatarajawat151279
0

Answer:

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