Identify which estimate seems the most reasonable for 5% tax on a $62.00 purchase. Explain. under $3.00
exactly $3.00
over $3.00
Choose the correct answer below.
A.
The most reasonable estimate is over $3.00. Since 5% of $60.00 is $4.00, 5% of $62.00 would be greater than $3.00.
B.
The most reasonable estimate is over $3.00. Since 5% of $60.00 is $3.00, 5% of $62.00 would be greater than $3.00.
C.
The most reasonable estimate is under $3.00. Since 5% of $60.00 is $3.00, 5% of $62.00 would be less than $3.00.
D.
The most reasonable estimate is exactly $3.00 since 5% of $62.00 is $3.00.