Question

A financial consultant wishes to invest up to a total of $33,000 in two types of securities, one that yields 8% per year and another that yields 6% per year. Furthermore, she believes that the amount invested in the first security should be at most one-third of the amount invested in the second security. What investment program should the consultant pursue in order to maximize income?

The consultant should invest $___________ in the first security and $_______ in the second security to obtain the maximum income of $___________

Answer 1

See previous post.