Young MBA Erica Cudahy can invest up to $15,000 in stocks and loans. Each dollar invested in stocks yields $0.10 profit, and each dollar invested in a loan yields $0.15 profit. At least 30% of all...


Young MBA Erica Cudahy can invest up to $15,000 in stocks and loans. Each dollar invested in stocks yields $0.10 profit, and each dollar invested in a loan yields $0.15 profit. At least 30% of all money invested must be in stocks, and at least $6000 must be in loans. Determine how Erica can maximize the profit earned on her investments.



Nov 30, 2021
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