Solve the System as Matrix Equations Using Inverses

question 34

Multiple Choice

Solve the system as matrix equations using inverses.
-There were 340 people at a play. The admission price was $2 for adults and $1 for children. The admission receipts were $490. How many adults and how many children attended?

• A) 150 adults and 190 children
• B) 95 adults and 245 children
• C) 122 adults and 218 children
• D) 190 adults and 150 children

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Definitions:

Bond Financing

A method of raising capital through the issuance of bonds which are to be repaid at a specified maturity date along with periodic interest payments.