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

question 4

Multiple Choice

Solve the linear programming problem.
-Zach is planning to invest up to $\$ 40,000$ in corporate and municipal bonds. The least he will invest in corporate bonds is $\$ 9000$ and he does not want to invest more than $\$ 29,000$ in corporate bonds. He also does not want to invest more than $\$ 29,731$ in municipal bonds. The interest is $8 \%$ on corporate bonds and $6.5 \%$ on municipal bonds. This is simple interest for one year. What is the maximum income?

• A) \(\$ 32,035\)
• B) \(\$ 3035\)
• C) \(\$ 14,035\)
• D) \(\$ 19,605\)

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