Solve the Problem. -The Family Arts Center Charges $22 for Adults, $12 for Adults

question 158

Multiple Choice

Solve the problem.
-The Family Arts Center charges $22 for adults, $12 for senior citizens, and $7 for children under 12 for their live performances on Sunday afternoon. This past Sunday, the paid revenue was $10,134 for 757 tickets sold. There
Were 41 more children than adults. How many children attended?

• A) 200 children
• B) 244 children
• C) 234 children
• D) 208 children

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Definitions:

Compounded Quarterly

Refers to the process where interest is added to the principal amount four times a year at regular quarterly intervals.

RRSP

A Registered Retirement Savings Plan that allows Canadians to save for retirement on a tax-deferred basis.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that offers tax benefits.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounding at the end of each period; commonly found in retirement accounts and loan repayments.