Homework Help is Here – Start Your Trial Now!
Math
Calculus
A financial advisor recommends a client to invest a total of at most $50 million in U.S. Treasury bonds paying 4% annual interest and in mutual funds paying 8% annual interest. He suggests to invest at least 10 million in bonds and at least 15 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee for mutual funds is $200 per million. The financial advisor is allowed to spend no more than $5,000 on fees. How much should be invested in each to maximize annual interest? What is the maximum annual interest? Formulate the problem in mathematical form. Let: X: million of dollars to be invested in U.S. Treasury bonds Y: million of dollars to be invested in mutual funds What are the constraints? Select all the correct ones from the list O 10 * X + 15 * Y <= 5000 O 10 * X + 15 *Y <= 50 OY<= 15 OY>= 15 O 100 * X + 200 * Y <= 5,000 OX >= 10 OX <= 10 OX+Y <= 50 0.04 * X + 0.08 * Y >= 50

A financial advisor recommends a client to invest a total of at most $50 million in U.S. Treasury bonds paying 4% annual interest and in mutual funds paying 8% annual interest. He suggests to invest at least 10 million in bonds and at least 15 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee for mutual funds is $200 per million. The financial advisor is allowed to spend no more than $5,000 on fees. How much should be invested in each to maximize annual interest? What is the maximum annual interest? Formulate the problem in mathematical form. Let: X: million of dollars to be invested in U.S. Treasury bonds Y: million of dollars to be invested in mutual funds What are the constraints? Select all the correct ones from the list O 10 * X + 15 * Y <= 5000 O 10 * X + 15 *Y <= 50 OY<= 15 OY>= 15 O 100 * X + 200 * Y <= 5,000 OX >= 10 OX <= 10 OX+Y <= 50 0.04 * X + 0.08 * Y >= 50

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
See similar textbooks
icon
Related questions
Question

Please let me know what options it is

A financial advisor recommends a client to invest a total of at most $50 million in U.S. Treasury bonds paying 4% annual interest and in mutual funds paying 8% annual interest. He suggests to invest at least 10 million in bonds and at least 15 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee for mutual funds is $200 per million. The financial advisor is allowed to spend no more than $5,000 on fees. How much should be invested in each to maximize annual interest? What is the maximum annual interest? Formulate the problem in mathematical form. Let: X: million of dollars to be invested in U.S. Treasury bonds Y: million of dollars to be invested in mutual funds What are the constraints? Select all the correct ones from the list O 10 * X + 15 * Y <= 5000 O 10 * X + 15 *Y <= 50 OY<= 15 OY>= 15 O 100 * X + 200 * Y <= 5,000 OX >= 10 OX <= 10 OX+Y <= 50 0.04 * X+ 0.08 *Y >= 50
Transcribed Image Text:A financial advisor recommends a client to invest a total of at most $50 million in U.S. Treasury bonds paying 4% annual interest and in mutual funds paying 8% annual interest. He suggests to invest at least 10 million in bonds and at least 15 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee for mutual funds is $200 per million. The financial advisor is allowed to spend no more than $5,000 on fees. How much should be invested in each to maximize annual interest? What is the maximum annual interest? Formulate the problem in mathematical form. Let: X: million of dollars to be invested in U.S. Treasury bonds Y: million of dollars to be invested in mutual funds What are the constraints? Select all the correct ones from the list O 10 * X + 15 * Y <= 5000 O 10 * X + 15 *Y <= 50 OY<= 15 OY>= 15 O 100 * X + 200 * Y <= 5,000 OX >= 10 OX <= 10 OX+Y <= 50 0.04 * X+ 0.08 *Y >= 50
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
SEE MORE TEXTBOOKS