You have $93,000 you would like to invest in three different stocks: MarkyB Inc., JohnJohn Ltd., and Garretts Spaghetti House. You would like to invest no more than $11,000 in Garretts Spaghetti House, and you want the amount you invest in MarkyB Inc., to be at least the amount invested in JohnJohn Ltd. and Garretts Spaghetti House combined. If MarkyB Inc. earns 16% annual interest, JohnJohn Ltd. earns 15% annual interest, and Garretts Spaghetti House earns 8% annual interest, how much money (in dollars) should you invest in each stock to maximize your annual interest earned? What is the maximum annual interest earned? into JohnJohn Ltd., and $ You should invest $ into MarkyB Inc., $ Spaghetti House, which will give you give you maximum annual interest $ into Garretts

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
Help using the simplex method to solve
You have $93,000 you would like to invest in three different stocks: MarkyB Inc., JohnJohn Ltd., and Garretts Spaghetti
House. You would like to invest no more than $11,000 in Garretts Spaghetti House, and you want the amount you invest in
MarkyB Inc., to be at least the amount invested in JohnJohn Ltd. and Garretts Spaghetti House combined.
If MarkyB Inc. earns 16% annual interest, JohnJohn Ltd. earns 15% annual interest, and Garretts Spaghetti House earns
8% annual interest, how much money (in dollars) should you invest in each stock to maximize your annual interest earned?
What is the maximum annual interest earned?
into JohnJohn Ltd., and $
You should invest $
into MarkyB Inc., $
Spaghetti House, which will give you give you maximum annual interest $
into Garretts
Transcribed Image Text:You have $93,000 you would like to invest in three different stocks: MarkyB Inc., JohnJohn Ltd., and Garretts Spaghetti House. You would like to invest no more than $11,000 in Garretts Spaghetti House, and you want the amount you invest in MarkyB Inc., to be at least the amount invested in JohnJohn Ltd. and Garretts Spaghetti House combined. If MarkyB Inc. earns 16% annual interest, JohnJohn Ltd. earns 15% annual interest, and Garretts Spaghetti House earns 8% annual interest, how much money (in dollars) should you invest in each stock to maximize your annual interest earned? What is the maximum annual interest earned? into JohnJohn Ltd., and $ You should invest $ into MarkyB Inc., $ Spaghetti House, which will give you give you maximum annual interest $ into Garretts
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 9 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,