Calculate approximately how much money an older (age 65-74) household with an annual income of 47,000 spends housing each year

Respuesta :

Answer: $15228

Step-by-step explanation:

This question comes with the attached image, which is a table that shows the amount of money spent in each item and its corresponding percent.

In this table it is shown that for an older (age 65-74) the household (or housing) represents the 32.4% of its annual income. So, in this case we have an annual income of $47000 and we have to calculate the 32.4% of this quantity:

[tex]\$47000(32.4\%)=\$47000(\frac{32.4}{100})=\$15288[/tex]

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