Join Sarthaks eConnect Today - Largest Online Education Community!
0 votes
546 views
asked in Mathematics by (5.8k points)

A retired person wants to invest an amount of Rs.50,000. His broker recommends investing in two type of bonds 'A' and 'B' yielding 10% and 9% return respectively on the invested amount. He decides to invest at least Rs. 20,000 in bond 'A' and at least Rs.10,000 in bond 'B'. He also wants to invest at least as much in bond 'A' as in bond 'B'. Solve this linear programming problem graphically to maximise his returns.

1 Answer

+1 vote
answered by (11.6k points)
selected by
 
Best answer

Let the investement in bond A be Rs. x and in bond B Rs. y. Objective function is

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

One Thought Forever

“There is a close connection between getting up in the world and getting up in the morning.“
– Anon
~~~*****~~~

Categories

...