Advertisements
Advertisements
Question
Anil wants to invest at most Rs 12000 in Saving Certificates and National Saving Bonds. According to rules, he has to invest at least Rs 2000 in Saving Certificates and at least Rs 4000 in National Saving Bonds. If the rate of interest on saving certificate is 8% per annum and the rate of interest on National Saving Bond is 10% per annum, how much money should he invest to earn maximum yearly income? Find also his maximum yearly income.
Advertisements
Solution
Let Anil invests Rs x in Saving certificates and Rs y in National Saving bonds.
Therefore ,
\[ x, y \geq 0\]
Anil wants to invest at most Rs 12000 in Saving Certificates and National Saving Bonds.
\[x + y \leq 12000\]
According to rules, he has to invest at least Rs 2000 in Saving Certificates and at least Rs 4000 in National Saving Bonds.
\[x \geq 2000\]
\[y \geq 4000\]
If the rate of interest on saving certificate is 8% per annum and the rate of interest on National Saving Bond is 10% per annum.
Total earning from investment = Z = \[\frac{8x}{100} + \frac{10y}{100}\] which is to be maximised.
Thus, the mathematical formulation of the given linear programmimg problem is
Max Z =\[\frac{8x}{100} + \frac{10y}{100}\]
subject to
\[x + y \leq 12000\]
\[x \geq 2000\]
\[y \geq 4000\]
\[x, y \geq 0\]
First we will convert inequations into equations as follows:
x + y =12000, x = 2000, y = 4000, x = 0 and y = 0
Region represented by x + y ≤ 12000:
The line x + y = 12000 meets the coordinate axes at A(12000, 0) and B(0, 12000) respectively. By joining these points we obtain the line x + y = 12000. Clearly (0,0) satisfies the inequation x + y ≤ 12000. So,the region which contains the origin represents the solution set of the inequation x + y ≤ 12000.
Region represented by x ≥ 2000:
The line x = 2000 is the line that passes through (2000, 0) and is parallel to Y axis.The region to the right of the line x = 2000 will satisfy the inequation x ≥ 2000.
Region represented by y ≥ 4000:
The line y = 4000 is the line that passes through (0, 4000) and is parallel to X axis.The region above the line y = 4000 will satisfy the inequation y ≥ 4000.
Region represented by x ≥ 0 and y ≥ 0:
Since, every point in the first quadrant satisfies these inequations. So, the first quadrant is the region represented by the inequations x ≥ 0, and y ≥ 0.
The feasible region determined by the system of constraints is 
The corner points are E(2000, 10000), D(8000, 4000), C(2000, 4000)
The values of Z at these corner points are as follows
| Corner point | Z=\[\frac{8x}{100} + \frac{10y}{100}\] |
| E | 1160 |
| D | 1040 |
| C | 560 |
The maximum value of Z is 1160 which is attained at E(2000, 10000.
Thus, the maximum earning is Rs 1160 obtained when Rs 2000 were invested in Saving's certificates and Rs 10000 were invested in National Saving Bond.
APPEARS IN
RELATED QUESTIONS
A manufacturer produces two products A and B. Both the products are processed on two different machines. The available capacity of first machine is 12 hours and that of second machine is 9 hours per day. Each unit of product A requires 3 hours on both machines and each unit of product B requires 2 hours on first machine and 1 hour on second machine. Each unit of product A is sold at Rs 7 profit and B at a profit of Rs 4. Find the production level per day for maximum profit graphically.
Solve the following LPP by graphical method:
Maximize: z = 3x + 5y
Subject to: x + 4y ≤ 24
3x + y ≤ 21
x + y ≤ 9
x ≥ 0, y ≥ 0
Also find the maximum value of z.
In order to supplement daily diet, a person wishes to take X and Y tablets. The contents (in milligrams per tablet) of iron, calcium and vitamins in X and Y are given as below :
| Tablets | Iron | Calcium | Vitamin |
| x | 6 | 3 | 2 |
| y | 2 | 3 | 4 |
The person needs to supplement at least 18 milligrams of iron, 21 milligrams of calcium and 16 milligrams of vitamins. The price of each tablet of X and Y is Rs 2 and Rs 1 respectively. How many tablets of each type should the person take in order to satisfy the above requirement at the minimum cost? Make an LPP and solve graphically.
Maximize Z = 5x + 3y
Subject to
\[3x + 5y \leq 15\]
\[5x + 2y \leq 10\]
\[ x, y \geq 0\]
Minimize Z = x − 5y + 20
Subject to
\[x - y \geq 0\]
\[ - x + 2y \geq 2\]
\[ x \geq 3\]
\[ y \leq 4\]
\[ x, y \geq 0\]
Maximize Z = 3x1 + 4x2, if possible,
Subject to the constraints
\[x_1 - x_2 \leq - 1\]
\[ - x_1 + x_2 \leq 0\]
\[ x_1 , x_2 \geq 0\]
Find the maximum and minimum value of 2x + y subject to the constraints:
x + 3y ≥ 6, x − 3y ≤ 3, 3x + 4y ≤ 24, − 3x + 2y ≤ 6, 5x + y ≥ 5, x, y ≥ 0.
A hospital dietician wishes to find the cheapest combination of two foods, A and B, that contains at least 0.5 milligram of thiamin and at least 600 calories. Each unit of Acontains 0.12 milligram of thiamin and 100 calories, while each unit of B contains 0.10 milligram of thiamin and 150 calories. If each food costs 10 paise per unit, how many units of each should be combined at a minimum cost?
A farmer mixes two brands P and Q of cattle feed. Brand P, costing ₹250 per bag, contains 2 units of nutritional element A, 2.5 units of element B and 2 units of element C. Brand Q costing ₹200 per bag contains 1.5 units of nutritional element A, 11.25 units of element B and 3 units of element C. The minimum requirements of nutrients A, B and C are 18 units, 45 units and 24 units respectively. Determine the number of bags of each brand which should be mixed in order to produce a mixture having a minimum cost per bag? What is the minimum cost of the mixture per bag?
A manufacturer of Furniture makes two products : chairs and tables. processing of these products is done on two machines A and B. A chair requires 2 hrs on machine A and 6 hrs on machine B. A table requires 4 hrs on machine A and 2 hrs on machine B. There are 16 hrs of time per day available on machine A and 30 hrs on machine B. Profit gained by the manufacturer from a chair and a table is Rs 3 and Rs 5 respectively. Find with the help of graph what should be the daily production of each of the two products so as to maximize his profit.
A firm manufactures headache pills in two sizes A and B. Size A contains 2 grains of aspirin, 5 grains of bicarbonate and 1 grain of codeine; size B contains 1 grain of aspirin, 8 grains of bicarbonate and 66 grains of codeine. It has been found by users that it requires at least 12 grains of aspirin, 7.4 grains of bicarbonate and 24 grains of codeine for providing immediate effects. Determine graphically the least number of pills a patient should have to get immediate relief. Determine also the quantity of codeine consumed by patient.
A manufacturer makes two products A and B. Product A sells at Rs 200 each and takes 1/2 hour to make. Product B sells at Rs 300 each and takes 1 hour to make. There is a permanent order for 14 of product A and 16 of product B. A working week consists of 40 hours of production and weekly turnover must not be less than Rs 10000. If the profit on each of product A is Rs 20 and on product B is Rs 30, then how many of each should be produced so that the profit is maximum. Also, find the maximum profit.
An aeroplane can carry a maximum of 200 passengers. A profit of Rs 400 is made on each first class ticket and a profit of Rs 600 is made on each economy class ticket. The airline reserves at least 20 seats of first class. However, at least 4 times as many passengers prefer to travel by economy class to the first class. Determine how many each type of tickets must be sold in order to maximize the profit for the airline. What is the maximum profit.
A small firm manufacturers items A and B. The total number of items A and B that it can manufacture in a day is at the most 24. Item A takes one hour to make while item B takes only half an hour. The maximum time available per day is 16 hours. If the profit on one unit of item A be Rs 300 and one unit of item B be Rs 160, how many of each type of item be produced to maximize the profit? Solve the problem graphically.
A company manufactures two articles A and B. There are two departments through which these articles are processed: (i) assembly and (ii) finishing departments. The maximum capacity of the first department is 60 hours a week and that of other department is 48 hours per week. The product of each unit of article A requires 4 hours in assembly and 2 hours in finishing and that of each unit of B requires 2 hours in assembly and 4 hours in finishing. If the profit is Rs 6 for each unit of A and Rs 8 for each unit of B, find the number of units of A and B to be produced per week in order to have maximum profit.
A library has to accommodate two different types of books on a shelf. The books are 6 cm and 4 cm thick and weigh 1 kg and \[1\frac{1}{2}\] kg each respectively. The shelf is 96 cm long and atmost can support a weight of 21 kg. How should the shelf be filled with the books of two types in order to include the greatest number of books? Make it as an LPP and solve it graphically.
A manufacturing company makes two models A and B of a product. Each piece of model A requires 9 labour hours for fabricating and 1 labour hour for finishing. Each piece of model B requires 12 labour hours for fabricating and 3 labour hours for finishing. For fabricating and finishing, the maximum labour hours available are 180 and 30 respectively. The company makes a profit of ₹8000 on each piece of model A and ₹12000 on each piece of model B. How many pieces of model A and model B should be manufactured per week to realise a maximum profit? What is the maximum profit per week?
There are two factories located one at place P and the other at place Q. From these locations, a certain commodity is to be delivered to each of the three depots situated at A, B and C. The weekly requirements of the depots are respectively 5, 5 and 4 units of the commodity while the production capacity of the factories at P and Q are respectively 8 and 6 units. The cost of transportation per unit is given below:
| From \ To | Cost (in ₹) | ||
| A | B | C | |
| P | 160 | 100 | 150 |
| Q | 100 | 120 | 100 |
How many units should be transported from each factory to each depot in order that the transportation cost is minimum. What will be the minimum transportation cost?
A manufacturer makes two types of toys A and B. Three machines are needed for this purpose and the time (in minutes) required for each toy on the machines is given below:
| Types of Toys | Machines | ||
| I | II | III | |
| A | 12 | 18 | 6 |
| B | 6 | 0 | 9 |
A manufacturer considers that men and women workers are equally efficient and so he pays them at the same rate. He has 30 and 17 units of workers (male and female) and capital respectively, which he uses to produce two types of goods A and B. To produce one unit of A, 2 workers and 3 units of capital are required while 3 workers and 1 unit of capital is required to produce one unit of B. If A and B are priced at ₹100 and ₹120 per unit respectively, how should he use his resources to maximise the total revenue? Form the above as an LPP and solve graphically. Do you agree with this view of the manufacturer that men and women workers are equally efficient and so should be paid at the same rate?
There are two types of fertilisers 'A' and 'B' . 'A' consists of 12% nitrogen and 5% phosphoric acid whereas 'B' consists of 4% nitrogen and 5% phosphoric acid. After testing the soil conditions, farmer finds that he needs at least 12 kg of nitrogen and 12 kg of phosphoric acid for his crops. If 'A' costs ₹10 per kg and 'B' cost ₹8 per kg, then graphically determine how much of each type of fertiliser should be used so that nutrient requiremnets are met at a minimum cost
A farmer has a supply of chemical fertilizer of type A which contains 10% nitrogen and 6% phosphoric acid and of type B which contains 5% nitrogen and 10% phosphoric acid. After the soil test, it is found that at least 7 kg of nitrogen and the same quantity of phosphoric acid is required for a good crop. The fertilizer of type A costs ₹ 5.00 per kg and the type B costs ₹ 8.00 per kg. Using Linear programming, find how many kilograms of each type of fertilizer should be bought to meet the requirement and for the cost to be minimum. Find the feasible region in the graph.
The maximum value of Z = 5x + 4y, Subject to y ≤ 2x, x ≤ 2y, x + y ≤ 3, x ≥ 0, y ≥ 0 is ______.
The minimum value of z = 2x + 9y subject to constraints x + y ≥ 1, 2x + 3y ≤ 6, x ≥ 0, y ≥ 0 is ______.
The feasible region of an LPP is shown in the figure. If z = 3x + 9y, then the minimum value of z occurs at ______.
The region XOY - plane which is represented by the inequalities -5 ≤ x ≤ 5, -5 ≤ y ≤ 5 is ______
Corner points of the feasible region determined by the system of linear constraints are (0, 3), (1, 1) and (3, 0). Let Z = px + qy, where p, q > 0. Condition on p and q so that the minimum of Z occurs at (3, 0) and (1, 1) is ______.
Of all the points of the feasible region for maximum or minimum of objective function the points.
The corner points of the bounded feasible region of a LPP are A(0,50), B(20, 40), C(50, 100) and D(0, 200) and the objective function is Z = x + 2y. Then the maximum value is ____________.
The maximum value of Z = 3x + 4y subjected to contraints x + y ≤ 40, x + 2y ≤ 60, x ≥ 0 and y ≥ 0 is ____________.
Minimise z = – 3x + 4y subject to x + 2y ≤ 8, 3x + 2y ≤ 12, x ≥ 0, y ≥ 0 What will be the minimum value of z ?
The corner points of the shaded unbounded feasible region of an LPP are (0, 4), (0.6, 1.6) and (3, 0) as shown in the figure. The minimum value of the objective function Z = 4x + 6y occurs at ______.
The objective function Z = ax + by of an LPP has maximum vaiue 42 at (4, 6) and minimum value 19 at (3, 2). Which of the following is true?
Solve the following Linear Programming Problem graphically:
Minimize: z = x + 2y,
Subject to the constraints: x + 2y ≥ 100, 2x – y ≤ 0, 2x + y ≤ 200, x, y ≥ 0.
Minimize z = x + 2y,
Subject to x + 2y ≥ 50, 2x – y ≤ 0, 2x + y ≤ 100, x ≥ 0, y ≥ 0.
Solve the following Linear Programming Problem graphically.
Maximise Z = 5x + 2y subject to:
x – 2y ≤ 2,
3x + 2y ≤ 12,
– 3x + 2y ≤ 3,
x ≥ 0, y ≥ 0
A linear programming problem is given by Z = px + qy, where p, q > 0 subject to the constraints x + y ≤ 60, 5x + y ≤ 100, x ≥ 0 and y ≥ 0.
- Solve graphically to find the corner points of the feasible region.
- If Z = px + qy is maximum at (0, 60) and (10, 50), find the relation of p and q. Also mention the number of optimal solution(s) in this case.
