question archive A university professor has Php 1M to invest in two types of mutual funds: the equity fund and the high yield fund
A university professor has Php 1M to invest in two types of mutual funds: the equity fund and the high yield fund
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A university professor has Php 1M to invest in two types of mutual funds: the equity fund and the high yield fund. He plans to invest at least Php 200,000 in the equity fund and at least Php 150,000 in the other fund. If the equity fund earns 10% while the high yield earns 15%, how much amount should he invest in each fund to maximize his annual yield? using linear programming
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