Pat intends to invest a total of P50000 in either Best Fund or a time deposit or both. The Best Fund pays 8% per year and the time deposits pays 9%. Because Best Fund is riskier than the time deposit, so she intends to put at most P30000 into the time deposit and at least P10000 into the Best Funds.How much should she allot to each investment in order to maximize her returns?Formulate an LP model for this problem and determine the optimal solution using graphical method.
Pat intends to invest a total of P50000 in either Best Fund or a time deposit or both. The Best Fund pays 8% per year and the time deposits pays 9%. Because Best Fund is riskier than the time deposit, so she intends to put at most P30000 into the time deposit and at least P10000 into the Best Funds.How much should she allot to each investment in order to maximize her returns?Formulate an LP model for this problem and determine the optimal solution using graphical method.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 66P
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Pat intends to invest a total of P50000 in either Best Fund or a time deposit or both. The Best Fund pays 8% per year and the time deposits pays 9%. Because Best Fund is riskier than the time deposit, so she intends to put at most P30000 into the time deposit and at least P10000 into the Best Funds.How much should she allot to each investment in order to maximize her returns?Formulate an LP model for this problem and determine the optimal solution using graphical method.
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Pat intends to invest a total of P50000 in either Best Fund or a time deposit or both. The Best Fund pays 8% per year and the time deposits pays 9%. Because Best Fund is riskier than the time deposit, so she intends to put at most P30000 into the time deposit and at least P10000 into the Best Funds.How much should she allot to each investment in order to maximize her returns?Formulate an LP model for this problem and determine the optimal solution using graphical method.
Enter
Pat intends to invest a total of P50000 in either Best Fund or a time deposit or both. The Best Fund pays 8% per year and the time deposits pays 9%. Because Best Fund is riskier than the time deposit, so she intends to put at most P30000 into the time deposit and at least P10000 into the Best Funds.How much should she allot to each investment in order to maximize her returns?Formulate an LP model for this problem and determine the optimal solution using graphical method.
Enter
Pat intends to invest a total of P50000 in either Best Fund or a time deposit or both. The Best Fund pays 8% per year and the time deposits pays 9%. Because Best Fund is riskier than the time deposit, so she intends to put at most P30000 into the time deposit and at least P10000 into the Best Funds.How much should she allot to each investment in order to maximize her returns?Formulate an LP model for this problem and determine the optimal solution using graphical method.
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