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Amartya wants to invest ₹ 45,000 in Indira Vikas Patra (IVP) and in Public Provident fund (PPF). He wants to invest at least ₹ 10,000 in PPF and at least ₹ 5000 in IVP. If the rate of interest on PPF - Mathematics and Statistics

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प्रश्न

Amartya wants to invest ₹ 45,000 in Indira Vikas Patra (IVP) and in Public Provident fund (PPF). He wants to invest at least ₹ 10,000 in PPF and at least ₹ 5000 in IVP. If the rate of interest on PPF is 8% per annum and that on IVP is 7% per annum. Formulate the above problem as LPP to determine maximum yearly income.

Solution: Let x be the amount (in ₹) invested in IVP and y be the amount (in ₹) invested in PPF.

x ≥ 0, y ≥ 0

As per the given condition, x + y ______ 45000

He wants to invest at least ₹ 10,000 in PPF.

∴ y ______ 10000

Amartya wants to invest at least ₹ 5000 in IVP.

∴ x ______ 5000

Total interest (Z) = ______

The formulated LPP is

Maximize Z = ______ subject to 

______

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उत्तर

Let x be the amount (in ₹) invested in IVP and y be the amount (in ₹) invested in PPF.

x ≥ 0, y ≥ 0

As per the given condition, x + y 45000

He wants to invest at least ₹ 10,000 in PPF.

∴ y 10000

Amartya wants to invest at least ₹ 5000 in IVP.

∴ x 5000

Total interest (Z) = 0.07x + 0.08y

The formulated LPP is

Maximize Z = 0.07x + 0.08y subject to 

x + y ≤ 45000

y ≥ 10000

x ≥ 5000

x ≥ 0, y ≥ 0 

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अध्याय 2.6: Linear Programming - Q.5 (E)

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