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,
= [tex](\frac{percent form}{100})(annual income)[/tex]
For annual food,
= [tex](\frac{20}{100})(29742.42)[/tex]
= $5948.484
For housing budgets,
= [tex](\frac{30}{100})(29742.42)[/tex]
= $8922.726
Thus the combined amount is,
= [tex]8922.726 + 5948.484 = 14871.21[/tex]
= $14871.21
