Janie had just won prize money worth GHS 100,000 and would like to invest it for a rainy day. In order to reduce the level of risk on her investments, she has been advised to diversify her investments. She has the option of investing in three different assets Asset which yields an interest of 10% annum, Asset 2 which yields an interest of 12% per annum and Asset 3 which yields an interest of 8% per annum. Due to the high risk nature of Assets and 2, Janie is advised to invest not more than 60% of the total amount of the money in Assets and 2. Janie would want to ensure that she earns returns that will be at exactly 6% of her investment . Formulate the mathematical equations or inequalities that will afford the chance Janie to meet her requirements.

Answer rating: 100% (QA)

Let x be the amount invested in Asset 1 y be the amount invested in Asset 2 and z be the amount inv... View the full answer