A bank surveyed its loans to new small businesses. It found that the ratio of unpaid or overdue loans to good loans was 1:2. If 159 small businesses are selected randomly from the bank’s files, how many are likely to have unpaid or overdue loans?
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Answer:
53 businesses
Step-by-step explanation:
let unpaid loan be U
let good loan be G
U 1
__= __
G 2
U:G = 1:2
U+ G = 159
1 part +2 parts = 159
3 parts = 159
1 part = 53
U = 1part = 53 businesses
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