Solve the linear programming problem.
-Zach is planning to invest up to $45,000 in corporate and municipal bonds. The least he will invest in corporate bonds is $7000 and he does not want to invest more than $27,000 in corporate bonds. He also does not want to
Invest more than $34,262 in municipal bonds. The interest is 8.6% on corporate bonds and 6.2% on municipal
Bonds. This is simple interest for one year. What is the maximum income?
A) $30,438
B) $21,438
C) $3438
D) $10,206

Question

Quizplus · Accepted Answer

The maximum income is calculated by maximizing the interest from both investments under the given constraints. Investing $27,000 in corporate bonds and $18,000 in municipal bonds (totaling $45,000) yields the maximum income of $3438.

Solve the Linear Programming Problem