Mr. Tran has $34,000 to invest, some in bonds and the rest in stocks. He has decided that the money invested in bonds must be at least twice as much as that in stocks. But the money invested in bonds must not be greater than $28,000. If the bonds earn 6%, and the stocks earn 9%, how much money should he invest in each to maximize profit?

Answer rating: 100% (QA)

so let Bond 20000 x y 34000 x 71 24 x 28000 Maximize Profit 006x 0097 Now using graphical m... View the full answer