Question

The price of a go kart that Rafael wants to buy is $2,589 when the go kart goes on sale next month, the price will be $2,119. Which is the best estimate of the amount of money that Rafael will save if he waits to buy the go kart next month?

Answer 1

Current price of go-kart = $2,589

Price of go-kart next month = $2,119

If Rafael decides to buy the go-kart next month,

He will save $2,589 - $2,119 = $470

By definition of estimation

Estimation is an approximate calculation or judgment of the value, number, quantity, or extent of something

Approximating to the nearest hundred

$470 = $500

Therefore, Rafael will save an estimate of $500 if he wants to buy the go-kart next month