Some time ago, a country's government obligated $31.8 billion in foreign economic assistance. The entire budget was $3.7 trillion. Estimate the percentage of the budget spent on foreign economic assistance by rounding the foreign economic assistance budget to $30 billion and the entire budget to $4 trillion. Calculate the percentage without using estimation and compare the two results. Round your answers in percentage form to two decimal places. estimated value       % exact value   %

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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Some time ago, a country's government obligated $31.8 billion in foreign economic assistance. The entire budget was $3.7 trillion. Estimate the percentage of the budget spent on foreign economic assistance by rounding the foreign economic assistance budget to $30 billion and the entire budget to $4 trillion. Calculate the percentage without using estimation and compare the two results. Round your answers in percentage form to two decimal places.

estimated value       %
exact value   %
 
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