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.