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
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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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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