Question

A company's market analysts project that it will be able to sell its new financial software to 10% of the insurance companies in the state, and 15% of the banks. If there are 600 insurance companies and 600 banks in the state, how many customers do the analysts project it will be able to have in the state?

Answer 1

150 customers

Explanation:

• The market analyst of the company states that it will:

• Sell 10% of the insurance companies in the state, so the number of customers will be:

Number of customers = Insurance companies × 10%

= 600 × 10%

= 60 customers

• Therefore, 60 customers from insurance companies.

• Sell 15% of the banks in the state, so the number of customers will be:

Number of customers = Banks × 15%

= 600 × 15%

= 90 customers

• Therefore, 90 customers from banks.

• The aggregate customers, the analysts project will able to have in the state is 150 (90 + 60).

Answer 2

Answer:

150

Explanation:

new softwer sell to insurance company to 10%

new softwer sell to banks to 15%

total no of insurance company in a state is 600

total no of bank in a state is 600

total customer =customer from insurance company's +customer from banks

=10%*600+15%*600

=60+90

=150