A trust fund is planning to invest up to $6000 in two types of bonds.: A and B. Bond A is safer than bond B and carries a dividend of 8% while bond B carries a dividend of 10%. Suppose that the bond’s rule state that no more than $4000 may be invested in bond B, while at least $1500 must be invested in bond A. The amount invested in bond B cannot exceed one half the amount invested in bond A. How much should be invested in each type of bond to maximize the fund’s return
A trust fund is planning to invest up to $6000 in two types of bonds.: A and B. Bond A is safer than bond B and carries a dividend of 8% while bond B carries a dividend of 10%. Suppose that the bond’s rule state that no more than $4000 may be invested in bond B, while at least $1500 must be invested in bond A. The amount invested in bond B cannot exceed one half the amount invested in bond A. How much should be invested in each type of bond to maximize the fund’s return
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...
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A trust fund is planning to invest up to $6000 in two types of bonds.: A and B. Bond A is safer than bond B and carries a dividend of 8% while bond B carries a dividend of 10%. Suppose that the bond’s rule state that no more than $4000 may be invested in bond B, while at least $1500 must be invested in bond A. The amount invested in bond B cannot exceed one half the amount invested in bond A. How much should be invested in each type of bond to maximize the fund’s return?
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