Question 170358
remainder is 50000-20000=30000
:
lets call amount invested with dreyfus fund x and the amount invested in the templeton fund 30000-x.
:
.16(x)+.25(30000-x)=6060
:
.16x+7500-.25x=6060
:
.09x=1440
:
{{{highlight(x=16000)}}}dollars invested in dreyfus fund
{{{highlight(30000-16000=14000)}}}dollars invested in templeton fund