Answer to Question #348963 in Operations Research for Ellah

Question

A retired employee wants to invest no more than P 1,500,000.00 by buying stock from a well-known bank and a university. The stock from the bank offers 7% interest while the stock of a university pays a 5% return. He decided to invest no more than P 800,000.00 in the stock from the bank and at least P 300,000.00 in the stock of the university. Also, he wants his investment in the stock from the bank to be smaller than his investment in the stock of the university. How much stock should he buy for each investment to maximize his profit? Create an LP Model and solve using the graphic method.

Answer 1

It's been a while since this question is posted here. Still, the answer hasn't been got. Consider converting this question to a fully qualified assignment, and we will try to assist. Please click the link below to proceed: Submit order