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. The bank earns 10 percent on commercial loans and 12 percent on home loans. What amount of money should be allotted for each type of loan to maximize the interest income?
Updated: 10/18/2022
Wiki User
∙ 14y agoBest Answer
All of the money into home loans of course.
Wiki User
∙ 14y agoThis answer is:
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Earn +20 ptsQ: . The bank earns 10 percent on commercial loans and 12 percent on home loans. What amount of money should be allotted for each type of loan to maximize the interest income?
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