Determine the following estimate without using a calculator. Then use a calculator to perform the computation necessary to obtain an exact answer. How reasom is your estimate when compared to the actual answer? You lease a car at $505 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. A. The estimate is a little higher than the actual result. The difference is $ B. The estimate is a little lower than the actual result. The difference is $
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This means that the estimate is greater than the actual result. Show more…
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