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Ber [7]
3 years ago
14

Adirondack Savings Bank (ASB) has $5 million in new funds that must be allocated to home loans, personal loans, and automobile l

oans. The annual rates of return for the three types of loans are 7% for home loans, 12% for personal loans, and 9% for automobile loans. The bank's planning committee has decided that at least 40% of the new funds must be allocated to home loans. In addition, the planning committee has specified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans.(a) Formulate a linear programming model that can be used to determine the amount of funds ASB should allocate to each type of loan to maximize the total annual return for the new funds.(b) How much (in dollars) should be allocated to each type of loan? 1) What is the total annual return (in dollars)?2) What is the annual percentage return?
Mathematics
1 answer:
Vesna [10]3 years ago
5 0
Ggvvvv cds exhhhbdfxeccff
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mr Goodwill [35]

Answer:

$15

Step-by-step explanation:

12/8 = 1.5 = 1.50 per cookie

1.50* 10 = 15

3 0
3 years ago
One shelf will hold 45 pounds of boxes. If you have to store 270 pounds of boxes, how many shelves will you need?
arlik [135]

Hi!

We will solve this using ratios, like this:

1 shelf holds 45 pounds

x shelves hold 270 pounds

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x = (270*1)/45

x = 270/45

x = 6

6 shelves will be needed to hold 270 pounds of boxes.

Hope this helps!

6 0
3 years ago
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Mrs. Alberts has two seventh grade math classes this year. They took their final exam, and Mrs. Alberts just finished grading th
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overall class a scored better than class b

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7 0
3 years ago
The polynomial in standard form that represents the perimeter of the quadrilateral 
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Step-by-step explanation:

I hope this is correct and helpful

6 0
3 years ago
At the fair, 2 corn dogs and 3 pretzels cost $13, and 5 corn dogs and 6 pretzels costs $28. How much
NemiM [27]
Let x represent the cost of corn dogs. Let y represent the cost of pretzels.

2x+3y=13
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Multiply the first equation by two so that we can eliminate y.

Subtract:
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4(2)+6y=26
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Therefore, 2 pretzels and a corn dog would cost $8.
5 0
3 years ago
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