4 Investor Matt has $643,000 to invest in bonds. Bond A yields anaverage of 6% and the bond B yields 7.7%. Matt requires that atleast 3 times as much money be invested in bond A as in bondB. You must invest in these bonds to maximize his return. Whatis the maximum return?per year. Round to the nearest cent.

Answered: Image /qna-images/answer/a6996219-6a72-4df1-a821-07385df31f12.jpg

Answered: Investor Matt has $643,000 to invest in…

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter2: Solving Linear Inequalities

Section: Chapter Questions

Problem 13CT

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Similar questions

The manufacturer of a weight training bench spends $15 to build each bench and sells them for $32. The manufacturer also has fixed costs each month of $25,500. (a) Find the cost function C when x benches are manufactured. (b) Find the revenue function R when x benches are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.
At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at least 4.80 from the sale of each pizza. If the pizza will be sold by the slice and each pizza is cut into 6 pieces, what is the minimum charge per slice?
The manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The manufacturer also has fixed costs each month of $8,000. (a) Find the cost function C when x energy drinks aremanufactured. (b) Find the revenue function R when x drinks are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the breakeven point means.
The manufacturer of a water bottle spends $5 to build each bottle and sells them for $10. The manufacturer also has fixed costs each month of $6500. (a) Find the cost function C when x bottles are manufactured. (b) Find the revenue function R when x bottles are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.
In the situation of the example, how long could you keep the car if your expense account allowed 242?
Brenda’s best friend is having a destination wedding and the event will last three days. Brenda has $500 in savings and can earn $15 an hour babysitting. She expects to pay $350 airfare, $375 for food and entertainment and $60 a night for her share of a hotel room. How many hours must she babysit to have enough money to pay for the trip?
A basic cellular package costs $20/mo. for 60 min of calling, with an additional charge of$0.30/min beyond that time. The cost formula would, be S C=20+.30(x60) . If you have to keep your bill lower than $50, what is the maximum calling minutes you can use?

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