Question: PLEASE DO ANSWER CORRECTLY AND WITH COMPLETE SOLUTION, I WILL SURELY GIVE YOU A VOTE, THANK YOU! 1. A trust fund is planning to invest
PLEASE DO ANSWER CORRECTLY AND WITH COMPLETE SOLUTION, I WILL SURELY GIVE YOU A VOTE, THANK YOU!
1. A trust fund is planning to invest up to $6000 in two types of bonds.: A and B. Bond A is safer than bond B and carries a dividend of 8% while bond B carries a dividend of 10%. Suppose that the bonds rule state that no more than $4000 may be invested in bond B, while at least $1500 must be invested in bond A. The amount invested in bond B cannot exceed one half the amount invested in bond A. How much should be invested in each type of bond to maximize the funds return?
2. A bank has two types of branches. A satellite branch employs 3 people, requires P2,500,000 to construct and open, and generates an average daily revenue of P4,000,000. A full-service branch employs 6 people, requires P5,500,000 to construct and open, and generates an average daily revenue of P7,000,000. The bank has up to P80,000,000 available to open new branches, and has decided to limit the new branches to a maximum of 20 and to hire at most 120 employees. How many branches of each type should the bank open in order to maximize the average daily revenue?
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