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1 year ago

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Mathematics

1 answer:

sdas [7]1 year ago

4 0

25000 in mutual funds

50000 in CD

Pool of money managed by a professional Fund Manager is termed mutual fund. It is a trust that collects money from other investors who have a common investment objective and invests the same in equities and bonds.

Let X be the amount in Mutual Funds

Y be the amount in CDs

the constraints:

Y = 2x

x>9000

Y = 75000 - x

There has to be at least 2x + x = 75000

3x = 75000

x = 25000

Objective function for the return of investment is R(x,y) = 0.06X + 0.07Y

After graphing linear equations and inequalities, the vertices of the critical region are as:

(9000,18000) --> 1710

(25000,50000) ---> 4750

(75000,0) --> 3750

25000 in mutual funds

50000 in CD

To know more about investment and mutual fund, refer

brainly.com/question/23601898

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