Emily estimated 163% of 32 using the distributive property, as shown. Emily’s work:

(100 percent) (30) + (60 percent) (30) = (1.0) (30) + (0.60) (30) = 30 + 18 = 48.

Which of the following statements is true?
The estimate is greater than the actual answer because both values were rounded down.
The estimate is greater than the actual answer because both values were rounded up.
The estimate is less than the actual answer because both values were rounded down.
The estimate is less than the actual answer because both values were rounded up.