Solve the problem.The Jillson's have up to $75,000 to invest. They decide that they want to have at least $25,000 invested in stable bonds yielding 6% and that no more than $45,000 should be invested in more volatile bonds yielding 12%. How much should they invest in each type of bond to maximize income if the amount in the more volatile bond should not exceed the amount in the more stable bond? What is the maximum income?
What will be an ideal response?
$37,500 in the stable bonds and $37,500 in the volatile bonds; maximum income $6750
Mathematics
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