as the halflife time of the second decay is shorter than the initial decay, this is a case of tansient equilibrium
from the mathematical side, to treat such problems of interlocking differential equations, pls. look up "Bateman equation"
a special derivation for your situation / the very expression you've been asking about, you might wish to find here :
link (esp. starting from middle of p. 3)
regards
Ingo