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Solve the Linear Programming Problem $40,000\$ 40,000 In Corporate and Municipal Bonds

Question 361

Multiple Choice

Solve the linear programming problem.
-Zach is planning to invest up to $40,000\$ 40,000 in corporate and municipal bonds. The least he will invest in corporate bonds is $8000\$ 8000 and he does not want to invest more than $25,000\$ 25,000 in corporate bonds. He also does not want to invest more than $33,621\$ 33,621 in municipal bonds. The interest is 8.6%8.6 \% on corporate bonds and 6.3%6.3 \% on municipal bonds. This is simple interest for one year. What is the maximum income?


A) $28,095\$ 28,095
B) $18,095\$ 18,095
C) $3095\$ 3095
D) $11,205\$ 11,205

Correct Answer:

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