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1 - ) A bank gives four types of loans to its individual customers. Personal loan types and annual interest rates are 1 4 %
A bank gives four types of loans to its individual customers. Personal loan types and annual interest rates are for a housing loan, for a vehicle loan, for a mortgage consumer loan, and for a personal consumer loan. The bank's maximum lending capacity is million currency units. The bank abides by the following policies must: The loan
amount to be allocated to the housing loan must be at least of the total loan amount to be given to the housing and vehicle loans.
The loan amount to be allocated to the housing loan must be at least of the total amount to be given to all loans.
The loan amount allocated for a vehicle loan should not exceed of the total loan amount.
The average interest rate for all loans should not exceed
Set up a linear programming problem that will optimize the bank's total interest income under the given constraints. Write by explaining the decision variables and constraints.
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