1. Jane invested a total of $18000 in three different mutual funds. She invested in a bond fund that returned 4% in the first year, a growth fund that lost 8% for the year and an international fund that returned 2%. She invested $2000 more in the growth fund than in the other two funds combined. If she had a net loss of -$540 for the year, how much did she invest in each fund?

Algebra & Trigonometry with Analytic Geometry
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ISBN:9781133382119
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Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 64E
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06:00 MOT
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Assignment On...
Sir Arthur Lewis Community College
Mathematics for Business - MAT 106
Assignment 1
Instructions: Answer both questions showing all working where necessary.
1. Jane invested a total of $18000 in three different mutual funds. She invested in a
bond fund that returned 4% in the first year, a growth fund that lost 8% for the
year and an international fund that returned 2%. She invested $2000 more in
the growth fund than in the other two funds combined.
Large bag
Small bag
If she had a net loss of -$540 for the year, how much did she invest in each fund?
2. A manufacturer produces two sizes of leather handbags. It takes longer to cut
and dye the leather for the smaller bag, but it takes more time sewing the larger
bag. The production constraints and profit for each type of bag is given in the
table below.
||||
Qall 77% >
Cutting and
dying
0.6 hr
1 hr
Sewing
2 hr
1.5 hr
Profit
$30
$25
The machinery limits the number of bags produced to at most 1000 per week. If
the company has a maximum of 900 hours per week available for cutting and
dying and a maximum of 1800 hours available per week for sewing, determine
the number of each type of bag that should be produced weekly to maximise
profit. (Assume that all bags produced are also sold).
Transcribed Image Text:06:00 MOT ← Assignment On... Sir Arthur Lewis Community College Mathematics for Business - MAT 106 Assignment 1 Instructions: Answer both questions showing all working where necessary. 1. Jane invested a total of $18000 in three different mutual funds. She invested in a bond fund that returned 4% in the first year, a growth fund that lost 8% for the year and an international fund that returned 2%. She invested $2000 more in the growth fund than in the other two funds combined. Large bag Small bag If she had a net loss of -$540 for the year, how much did she invest in each fund? 2. A manufacturer produces two sizes of leather handbags. It takes longer to cut and dye the leather for the smaller bag, but it takes more time sewing the larger bag. The production constraints and profit for each type of bag is given in the table below. |||| Qall 77% > Cutting and dying 0.6 hr 1 hr Sewing 2 hr 1.5 hr Profit $30 $25 The machinery limits the number of bags produced to at most 1000 per week. If the company has a maximum of 900 hours per week available for cutting and dying and a maximum of 1800 hours available per week for sewing, determine the number of each type of bag that should be produced weekly to maximise profit. (Assume that all bags produced are also sold).
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