An investor has up to Rs.150, 000 to invest in any of three areas: stocks, bonds, or a money market. The annual rates of return are estimated to be: 5%, 9%, 8%, respectively. No more than Rs.75, 000 can be invested in any one of these areas. 

How much should be invested in each area in order to maximize the annual income?

Answer rating: 100% (QA)

To maximize annual income while abiding by the investment constraints you can set up a l... View the full answer