Question
Jamaal is planning to invest up to $22,000in City Bank or State Bank. He wants to invest at least $5,000 in CityBank, but not more
Jamaal is planning to invest up to $22,000in City Bank or State Bank. He wants to invest at least $5,000 in CityBank, but not more than$8,000;since State Bank does not insure more than $15,000 he wants to invest no more than this amount in State Bank. The interest at City Bank is 4%,and the interest at State Bank is 5%.How much should he invest in each bank to earn the mostinterest? What is the maximum amount of interest that Jamaal canearn?
He should invest $________in City Bank and __________in State Bank.The maximum amount of interest that Jamaal can earn is $___________.
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