document.write( "Question 30309: Lillian is about to invest $20,000, part at 6% and the rest at 8%.
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document.write( "What is the most that she can invest at 6% and still be gauranteed at least $1500 in intrest per year? \n" );
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Algebra.Com's Answer #17036 by Fermat(136)![]() ![]() You can put this solution on YOUR website! Let Lillian invest $P @ 6% \n" ); document.write( "Let Lillian also invest $(20,000 - P) @ 8% \n" ); document.write( "Total revenue is: \n" ); document.write( "P*6/100 + (20,000 - P)*8/100 >= 1500 \n" ); document.write( "6P + 160,000 - 8P >= 150,000 \n" ); document.write( "-2P >= -10,000 \n" ); document.write( "2P <= 10,000 \n" ); document.write( "P <= 5,000 \n" ); document.write( "========== \n" ); document.write( "Thus Lillian must invest no more than $5,000 @ 6% (with the remainder @ 8%) inorder to ensure that her total revenue will exceed $1500. \n" ); document.write( " |