trust fund is planning to invest up to Php60000 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 $40000 may be invested in bond B, while at least $15000 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?
trust fund is planning to invest up to Php60000 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 $40000 may be invested in bond B, while at least $15000 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: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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IN EXCEL
Transcribed Image Text:A trust fund is planning to invest up to Php60000 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 $40000 may be invested in bond B, while at least
$15000 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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