+234 Determine the following estimate without using a calculator. Then use a calculator to perform the computation necessary to obtain an exact answer. How reasonable is your estimate when compared to the actual answer?
You lease a car at $403 per month for 5 years. Estimate the total cost of the lease by rounding the monthly payment to the nearest hundred.
and what is the actual total cost of the lease
+2864 So you round 403 to the nearest hundred, getting 400.
Then to find the total cost you multiply 400 by 60. Because there are 12 months in a year for 5 years, so 5 * 12 = 60.
You get 24000
Ok that is your estimate
Then the calculator time.
403 * 60 = 24180
You are 180 off.
Now i let u answer the question: Were you reasonable in your estimate?
+2864 So you round 403 to the nearest hundred, getting 400.
Then to find the total cost you multiply 400 by 60. Because there are 12 months in a year for 5 years, so 5 * 12 = 60.
You get 24000
Ok that is your estimate
Then the calculator time.
403 * 60 = 24180
You are 180 off.
Now i let u answer the question: Were you reasonable in your estimate?
