Solution: We are given that the Williams family has a monthly income of $3,000.
Also we are given that:
Williams expenses on House is [tex]43\% of 3000=0.43 \times 3000=1290[/tex]
Expenses on Transportation is [tex]16\% of 3000=0.16 \times 3000=480[/tex]
Expenses on Clothing/Entertainment is [tex]12\% of 3000=0.12 \times 3000=360[/tex]
Expenses on Food is [tex]11\% of 3000=0.11 \times 3000=330[/tex]
Expenses on Saving Account is [tex]10\% of 3000=0.10 \times 3000=300[/tex]
Expenses on Other is [tex]8\% of 3000=0.08 \times 3000=240[/tex]
Therefore, the amount of money spend on clothing and entertainment is $360
