The Trapezoidal rule approximates the area under a curve by dividing it into trapezoids and calculating their individual areas. It works by taking the ordinates at evenly spaced intervals along the x-axis and using the formula: Area = (1/2) * (first ordinate + last ordinate + 2 * sum of middle ordinates) * width. This provides an estimate of the definite integral. The more trapezoids used, the more accurate the estimate. The estimate will be an overestimate if the gradient is increasing and an underestimate if decreasing over the interval.