100 x 16 = 1600
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900 would be a fair estimate
You could estimate is as 0.5
The closest estimate is the exact answer. For any other estimate, you can always get closer.
over-estimate
The answer depends on what you wish to do with the number.For 53.54/9 I would estimate it as 54. For 53.54*62 I would estimate it as 55.