Imagine 60% of new businesses in a country fail in the first two years. Of those that survive another 40% fail in the next 3 years. Imagine 400000 businesses start up in one year how many of them would you expect to be left after 5 years ??
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no. we justed invested in business
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Number of businesses that start = 400,000
Amount of businesses that survive in the first 2 years = 60%
Amount of businesses that survive in the next 3 years = 40%
Solution:
Number of businesses that failed after two years of starting = 60% of 400,000 = 240,000
Number of businesses that survived after the first two years= 400,000-240,000= 160,000
Number of businesses that failed in the next 3 years = 40% of 160,000 = 96,000
Number of businesses that survived = 160,000-96,000 = 64,000
Answer: Therefore, 64,000 businesses survived.
Amount of businesses that survive in the first 2 years = 60%
Amount of businesses that survive in the next 3 years = 40%
Solution:
Number of businesses that failed after two years of starting = 60% of 400,000 = 240,000
Number of businesses that survived after the first two years= 400,000-240,000= 160,000
Number of businesses that failed in the next 3 years = 40% of 160,000 = 96,000
Number of businesses that survived = 160,000-96,000 = 64,000
Answer: Therefore, 64,000 businesses survived.
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