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Shraddho wants to invest at most ₹ 25,000/- in saving certificates and fixed deposits. - Mathematics and Statistics

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प्रश्न

Shraddho wants to invest at most ₹ 25,000/- in saving certificates and fixed deposits. She wants to invest at least ₹ 10,000/- in saving certificate and at least ₹ 15,000/- in fixed deposits. The rate of interest on saving certificate is 5% and that on fixed deposits is 7% per annum. Formulate the above problem as LPP to determine maximum income yearly.

योग
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उत्तर

Let x1: amount (in ₹) invest in saving certificates.

x2: amount (in ₹) invest in fixed deposits, x1 x2 ≥ 0.

From given conditions, x1 + x2 25,000

Also, Shraddha wants to invest at least ₹ 10,000/- in saving certificate.

∴ x1 10,000

Also, She wants to invest at least ₹ 15,000/- in fixed deposits.

∴ x2 15,000

Total interest = z = 0.05x1 + 0.07x2

Maximize z = 0.05x1 + 0.07xsubject to

x1 + x2 25,000

x1 10,000

x2 15,000

x1, x2 0

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