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

The estimate cost of the lease is $24,000 and the actual cost of the lease is $24,180

Step-by-step explanation:

step 1

Estimate the total cost of the lease

Remember that

1 year=12 months

Rounding the monthly payment to the nearest hundred.

The total cost of the lease is equal to multiply  the monthly payment  by the number of months

The number of months is

therefore

step 2

Find the actual cost of the lease

The estimate, when compared to the actual answer, is very comparable because the estimate is only $180 less than the actual amount.

just sum

10 + 10 = 20