Formulate an LP model for the following problems. 1. Bernadette intends to invest up to ₱50,000 in either Best Fund, or a time deposit or both. The Best Fund pays 8% per year and the time deposit pays 9%. Because the Best Fund is riskier than the time deposit, so she intends to put at most ₱30,000 into the time deposit and at least ₱10,000 into the Best Fund. How much should she allot to each investment in order to maximize her returns?
Formulate an LP model for the following problems. 1. Bernadette intends to invest up to ₱50,000 in either Best Fund, or a time deposit or both. The Best Fund pays 8% per year and the time deposit pays 9%. Because the Best Fund is riskier than the time deposit, so she intends to put at most ₱30,000 into the time deposit and at least ₱10,000 into the Best Fund. How much should she allot to each investment in order to maximize her returns?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Formulate an LP model for the following problems.
1. Bernadette intends to invest up to ₱50,000 in either Best Fund, or a time deposit or
both. The Best Fund pays 8% per year and the time deposit pays 9%. Because the
Best Fund is riskier than the time deposit, so she intends to put at most ₱30,000 into
the time deposit and at least ₱10,000 into the Best Fund. How much should she allot
to each investment in order to maximize her returns?
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