Answer:
b = 3, which is an extraneous solution because if we replace b = 3 in the equation, we must be 5/0 and 30/0, and there is division by 0.
Step-by-step explanation:
The minus common multiply must be (b-3)*(b+3) = b² - 9
7b - 21 + 5b + 15 = 10b
2b = 6
b = 3
Which is an extraneous solution because if we replace b = 3 in the equation, we must be 5/0 and 30/0, and there is division by 0. So this solution is invalid.
Let x represent amount invested in the higher-yielding account.
We have been given that a man puts twice as much in the lower-yielding account because it is less risky. So amount invested in the lower-yielding account would be .
We are also told that his annual interest is $6600 dollars. We know that annual interest for one year will be principal amount times interest rate.
, where,
I = Amount of interest,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
We are told that interest rates are 6% and 10%.
Amount of interest earned from lower-yielding account: .
Amount of interest earned from higher-yielding account: .
Let us solve for x.
Therefore, the man invested $30,000 at 10%.
Amount invested in the lower-yielding account would be .
Therefore, the man invested $60,000 at 6%.