An investor has $749,000 to invest in bonds. Bond A yields an average of 3% and the bond B yields 8%. The investor requires that at least 5 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. This can be set up as a linear programming problem. Introduce the decision variables: x= dollars invested in bond A y= dollars invested in bond B Compute x+y. $ . Round to the nearest cent. Thanks!
An investor has $749,000 to invest in bonds. Bond A yields an average of 3% and the bond B yields 8%. The investor requires that at least 5 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. This can be set up as a linear programming problem. Introduce the decision variables: x= dollars invested in bond A y= dollars invested in bond B Compute x+y. $ . Round to the nearest cent. Thanks!
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 33E
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An investor has $749,000 to invest in bonds. Bond A yields an average of 3% and the bond B yields 8%. The investor requires that at least 5 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. This can be set up as a linear programming problem. Introduce the decision variables:
x= dollars invested in bond A
y= dollars invested in bond B
Compute x+y.
$ . Round to the nearest cent.
Thanks!
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