- #1
DoctorB2B
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Homework Statement
Any help would be greatly appreciated! I have to use matrices to figure these out.
1. A retired couple wishes to invest $150,000, diversifying the investment in three areas: a high-risk stock with an expected rate of return of 15%, a low risk stock with an expected rate of return of 10%, and government bonds at 8% return. To protect their investment, they wish wish to place twice as much money in the low-risk stock as the high risk stock and use the remainder to buy bonds. How should the money be allocated per investment to yield a total profit of $17,500 return on their investment?
2. Three solutions contain a certain acid. The first contains 10% acid, the second 30% , and the third 50%. A chemist wishes to use all three solutions to obtain a 40-liter mixture containing 35% acid. If the chemist wants to use twice as much of the 50% solution as of the 30% solution, how many liters of each solution should be used?
All I need help with is getting these bad boys started and I can go from there.