Sine Approximation of Bhaskara
Solution 1:
This is very close to a Padé approximant, and in this case the formula is simple enough that it's easy to derive. Firstly, we know that $\sin(x)$ is $0$ at $x=0, x=\pi$; this suggests recasting in terms of the variable $y=x(\pi-x)$. What we're after is a first-order rational approximation $\sin(x) = f(y) = \frac{ay+b}{cy+d}$; since we know that $f(y) = 0$ at $y=0$ (i.e., as $x$ approaches $0$ or $\pi$) then the constant term in the numerator is $0$, and after dividing out the approximation takes the form $\frac{y}{a+by}$.
Now, we certainly want our approximation to give $\sin(\pi/2) = f(\pi^2/4) = 1$; this means $\displaystyle{\frac{\pi^2/4}{a+b\pi^2/4}} = 1$, or $4a+b\pi^2 = \pi^2$, or $a=\frac{1-b}{4}\pi^2$. The other relation between $a$ and $b$ presumably comes from trying to match the derivative at $0$, $\left.d(\sin(x))/dx\right|_{x=0} = 1$; the condition for this this can easily be written out in terms of $df/dy$ at $y=0$. I'll spare the arithmetic (unless someone's really curious), but the result works out to be that $a=\pi$; this would give $b=(\pi-4)/\pi$ and the overall approximant $f(y) = \frac{\pi y}{\pi^2+(\pi-4)y}$, but instead the formula uses a second approximation by setting $a=5\pi^2/16$, which (thanks to the first relation) gives a rational value of $b$ (and in fact, the 'nice' value $1/4$). This approximation is equivalent to saying that $5\pi^2/16\approx\pi$, or in other words that $\pi\approx 16/5 = 3.2$; it means a slight error in the slope of the approximation at $x=0$, but that's a fair tradeoff for the ease of calculation gained.
Solution 2:
Writing $x = \pi/2 + \pi t$, the approximation becomes $\cos(\pi t) \approx \frac{1-4t^2}{1+t^2} = 1 - 5 t^2 + O(t^4)$. In fact $\cos(\pi t) = 1 - \frac{\pi^2}{2} t^2 + O(t^4)$, but $\pi^2/2 \approx 4.9348$ is not far from $5$. In terms of uniform approximation to $\cos(\pi t)$ for $t \in [-1/2, 1/2]$, $\frac{1 - 4 t^2}{1+1.0043 t^2}$ would be somewhat better.
Solution 3:
Here is an article which is written by Shailesh Shirali. Unfotunately my university doesn't have access to it.
Here is one more article.