Use estimation to select the best response. Do not calculate. Assume that interest rates are close to 10%.
If you purchase a new car for $12,000, and finance it for 1 year, then the amount of interest you would expect to pay is about:
Choose 120, 1,200, or 6,000.
$ __________

Question

Use estimation to select the best response. Do not calculate. Assume that interest rates are close to 10%. 
If you purchase a new car for $12,000, and finance it for 1 year, then the amount of interest you would expect to pay is about: 
Choose 120, 1,200, or 6,000. 
$ __________

Quizplus · Accepted Answer

The Answer of Use estimation to select the best response. Do not calculate. Assume that interest rates are close to 10%. 
If you purchase a new car for $12,000, and finance it for 1 year, then the amount of interest you would expect to pay is about: 
Choose 120, 1,200, or 6,000. 
$ __________

Use Estimation to Select the Best Response