Question

A financier plans to invest up to $450,000 in two projects. Project A yields a return of 10% on the investment, whereas Project B yields a return of 15% on the investment. Because the investment in Project B is riskier than the investment in Project A, the financier has decided that the investment in Project B should not exceed 40% of the total investment. How much should she invest in each project to maximize the return on her investment?
Project A ______ $
Project B ______ $

What is the maximum return?
$ _______

Answer 1

0.6 * 450,000 = 270,000 > A

270,000 * 0.1 = 27,000 return

Answer 2

how did you get 0.6?

Answer 3

nevermind, i figured it out. thank you!

Answer 4

You're welcome.