I have only taken it once thus far, but it seemed like sometimes approximations like yours would be fine, while other times 2.4 and 2.6 are a big difference. So lets just hope we get the approximation instead of the .2 difference question, haha.
But it's multiple choice, so you have all the possible values, right? I mean, if you have 2.4 and 2.6 as possible answers, you would know that you have be precise enough to distinguish between the two.
I've found their trick to be very useful, at least for the problems in their passages. To be honest, I can handle logs faster than I can add/subtract right now. I need to find an elementary algebra book that has tons of adding/subtracting/multiplying/dividing problems.
log2=.3
log3=.48
I've also memorized that log7=.85, but haven't had to use it much.