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April 20, 2014

Homework Help: maths

Posted by GARNEL on Monday, October 22, 2012 at 9:44am.

BEGGING FOR HELP!!! EXAM IN 20 MINS LOST ON HOW TO DO THIS Q.

Company has $ 20 million dollars for two types insurance. Insurance A-homeowners have a 10% annual return. Insurance B-Auto has a 12% annual return. The total amount of Homeowners Loans should be greater than or equal to four times the total of Auto loans. Determine the amount if loans the company shouls extent to the Homeowners and Auto Catergory to maximixe its return.

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