Question

You bought a new car and estimated that your monthly payment would be $312. However, your actual payment amount was $325. How much error was in your estimate?

Answer 1

Answer:

The error would be $13.

Explanation:

Given data:

Actual payment = $325

estimated payment = $312

Error = ?

Solution:

Error =  Estimated payment - Actual payment

Error = $312  -  $325

Error = -$13

we can discard the negative sign and consider the absolute value. The error would be $13.