Answer:
16 years
Explanation:
Given
Required
Year they made loss
Start by differentiating P w.r.t t
Using first principle:
Equate to 0, in order to solve for t
So, we have:
Solve using quadratic equation
Where
a = 3, b = -48 and c = 20
So, we have:
Split:
or
or
or
Approximate to whole numbers
or
Hence, they made loss 16 years after they took over