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A consonsultant wishes to invest up to a total of $25000 in two types of securities,...

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Basic Math

A consonsultant wishes to invest up to a total of $25000 in twotypes of securities, one that yields 10% per year and another thanyields 8% per year. They believe that the amount invested in thefirst security should be at most one third of the amount investedin the second security. What investment program should theconsultant pursue in order to maximize income? (Use constraintinqualities with objective function)

Answer & Explanation Solved by verified expert
4.3 Ratings (935 Votes)
Let the amount invested in first security is x and insecond security is yTotal investment in two types of    See Answer
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