Algebra 2
Algebra 2
1st Edition
ISBN: 9780078884825
Author: McGraw-Hill/Glencoe
Publisher: Glencoe/McGraw-Hill School Pub Co
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Chapter 3.3, Problem 43PPS
To determine

To find:Theleastamount Mr. Hoffmaninvests in risky fund and still earn at least $740 after one year.

Expert Solution & Answer
Check Mark

Answer to Problem 43PPS

The minimum amount to be invested =$3500

Explanation of Solution

Given: Investment by Mr. Hoffman in two funds =$10,000.

One fund will pay 6% , Second fund will pay 10% and he also earn at least $740

Let x be the amount invested in 6% fund

And y be the amount invested in 10% fund

  x+y10,0000.06x+0.10y740

Now the system of inequalities for the given situation:

  Algebra 2, Chapter 3.3, Problem 43PPS

According to the graph it is find that minimum amount to be invested in the 10% fund is in the corner of the solution.

  y coordinates: (6500,3500)

So, the minimum amount to be invested =$3500

Chapter 3 Solutions

Algebra 2

Ch. 3.1 - Prob. 2CYUCh. 3.1 - Prob. 3CYUCh. 3.1 - Prob. 4CYUCh. 3.1 - Prob. 5CYUCh. 3.1 - Prob. 6CYUCh. 3.1 - Prob. 7CYUCh. 3.1 - Prob. 8CYUCh. 3.1 - Prob. 9CYUCh. 3.1 - Prob. 10CYUCh. 3.1 - Prob. 11CYUCh. 3.1 - Prob. 12CYUCh. 3.1 - Prob. 13PPSCh. 3.1 - Prob. 14PPSCh. 3.1 - Prob. 15PPSCh. 3.1 - Prob. 16PPSCh. 3.1 - Prob. 17PPSCh. 3.1 - Prob. 18PPSCh. 3.1 - Prob. 19PPSCh. 3.1 - Prob. 20PPSCh. 3.1 - Prob. 21PPSCh. 3.1 - Prob. 22PPSCh. 3.1 - Prob. 23PPSCh. 3.1 - Prob. 24PPSCh. 3.1 - Prob. 25PPSCh. 3.1 - Prob. 26PPSCh. 3.1 - Prob. 27PPSCh. 3.1 - Prob. 28PPSCh. 3.1 - Prob. 29PPSCh. 3.1 - Prob. 30PPSCh. 3.1 - Prob. 31PPSCh. 3.1 - Prob. 32PPSCh. 3.1 - Prob. 33PPSCh. 3.1 - Prob. 34PPSCh. 3.1 - Prob. 35PPSCh. 3.1 - Prob. 36PPSCh. 3.1 - Prob. 37PPSCh. 3.1 - Prob. 38PPSCh. 3.1 - Prob. 39PPSCh. 3.1 - Prob. 40PPSCh. 3.1 - Prob. 41PPSCh. 3.1 - Prob. 42HPCh. 3.1 - Prob. 43HPCh. 3.1 - Prob. 44HPCh. 3.1 - Prob. 45HPCh. 3.1 - Prob. 46HPCh. 3.1 - Prob. 47HPCh. 3.1 - Prob. 48HPCh. 3.1 - Prob. 49HPCh. 3.1 - 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Prob. 30HPCh. 3.5 - Prob. 31HPCh. 3.5 - Prob. 32HPCh. 3.5 - Prob. 33HPCh. 3.5 - Prob. 34STPCh. 3.5 - Prob. 35STPCh. 3.5 - Prob. 36STPCh. 3.5 - Prob. 37STPCh. 3.5 - Prob. 38STPCh. 3.5 - Prob. 39SCh. 3.5 - Prob. 40SCh. 3.5 - Prob. 41SCh. 3.5 - Prob. 42SCh. 3 - Prob. 1QCCh. 3 - Prob. 2QCCh. 3 - Prob. 3QCCh. 3 - Prob. 4QCCh. 3 - Prob. 5QCCh. 3 - Prob. 6QCCh. 3 - Prob. 7QCCh. 3 - Prob. 8QCCh. 3 - Prob. 9QCCh. 3 - Prob. 10QCCh. 3 - Prob. 11QCCh. 3 - Prob. 12QCCh. 3 - Prob. 13QCCh. 3 - Prob. 14QCCh. 3 - Prob. 1MCQCh. 3 - Prob. 2MCQCh. 3 - Prob. 3MCQCh. 3 - Prob. 4MCQCh. 3 - Prob. 5MCQCh. 3 - Prob. 6MCQCh. 3 - Prob. 7MCQCh. 3 - Prob. 8MCQCh. 3 - Prob. 9MCQCh. 3 - Prob. 10MCQCh. 3 - Prob. 11MCQCh. 3 - Prob. 12MCQCh. 3 - Prob. 13MCQCh. 3 - Prob. 14MCQCh. 3 - Prob. 15MCQCh. 3 - Prob. 16MCQCh. 3 - Prob. 17MCQCh. 3 - Prob. 18MCQCh. 3 - Prob. 19MCQCh. 3 - Prob. 20MCQCh. 3 - Prob. 21MCQCh. 3 - Prob. 22MCQCh. 3 - Prob. 1SGRCh. 3 - Prob. 2SGRCh. 3 - Prob. 3SGRCh. 3 - Prob. 4SGRCh. 3 - Prob. 5SGRCh. 3 - 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