Question

What is the dollar amount of the Gentry's annual food and housing budgets combined?

Answer 1

Answer:

The combined amount is $14871.21.

Step-by-step explanation:

It is given that, the total yearly income of gentry family is $29742.42

The % charge on income for food is 20%.

The % charge on income for housing is 30%.

The amount in dollar from % form is given by,

= $(\frac{percent form}{100})(annual income)$

For annual food,

= $(\frac{20}{100})(29742.42)$

= $5948.484

For housing budgets,

= $(\frac{30}{100})(29742.42)$

= $8922.726

Thus the combined amount is,

= $8922.726 + 5948.484 = 14871.21$

= $14871.21