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An individual wishes to invest PhP 50,000 over the next year in two types of investment: Investment A yields 5%, and investment B yields 8%. Market research recommends an allocation of at least 25% of the actual total investment in A and at most 50% of the actual total investment in B. Moreover, investment in A should be at least half the investment in B. How should the fund be allocated to the two investments?

An individual wishes to invest PhP 50,000 over the next year in two types of investment: Investment A yields 5%, and investment B yields 8%. Market research recommends an allocation of at least 25% of the actual total investment in A and at most 50% of the actual total investment in B. Moreover, investment in A should be at least half the investment in B. How should the fund be allocated to the two investments?

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...
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An individual wishes to invest PhP 50,000 over the next year in two types of investment: Investment A yields 5%, and investment B yields 8%. Market research recommends an allocation of at least 25% of the actual total investment in A and at most 50% of the actual total investment in B. Moreover, investment in A should be at least half the investment in B. How should the fund be allocated to the two investments?
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