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 $503 per month for 3 years. Estimate the total cost of the lease by rounding the monthly payment to the nearest hundred. The estimate of the total cost of the lease is approximately $. (Round to the nearest hundred as needed.) The actual total cost of the lease is $. How reasonable is your estimate when compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice. O A. The estimate is a little higher than the actual result. The difference is $ O B. The estimate is a little lower than the actual result. The difference is $

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
icon
Related questions
icon
Concept explainers
Topic Video
Question
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 $503 per month for 3 years. Estimate the total cost of the lease by rounding the monthly payment to the nearest hundred.
The estimate of the total cost of the lease is approximately $.
(Round to the nearest hundred as needed.)
The actual total cost of the lease is $.
How reasonable is your estimate when compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice.
O A. The estimate is a little higher than the actual result. The difference is $
O B. The estimate is a little lower than the actual result. The difference is $
Transcribed Image Text: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 $503 per month for 3 years. Estimate the total cost of the lease by rounding the monthly payment to the nearest hundred. The estimate of the total cost of the lease is approximately $. (Round to the nearest hundred as needed.) The actual total cost of the lease is $. How reasonable is your estimate when compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice. O A. The estimate is a little higher than the actual result. The difference is $ O B. The estimate is a little lower than the actual result. The difference is $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, geometry and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Elementary Geometry for College Students
Elementary Geometry for College Students
Geometry
ISBN:
9781285195698
Author:
Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:
Cengage Learning