The school store sells pencils for $0.30 each, hats for $14.50 each, and binders for $3.20 each. Elena would like to buy 3 pencils, a hat, and 2 binders. She estimated that the cost will be less than $20.
1. Do you agree with her estimate? Explain your reasoning.
2. Estimate the number of pencils could she buy with $5. Explain or show your reasoning