Consider the parabola $y=x^2$.
$\Delta y = (x+\Delta x)^2-x^2=2x\Delta x+\Delta x^2$
$\frac{\Delta y}{\Delta x}=2x+\Delta x$
This gives you the slope of the secant line between $(x,y)$ and $(x+\Delta x, y+\Delta y)$
So far this is all algebra, no calculus.
In keeping with only using algebra, suppose we want to find the slope of the tangent line at the point $(c,c^2)$.
What's the definition of a tangent line? For a circle that's easy, it's a line that only intersects the circle at a single point. This needs to be more general for an arbitrary curve, but for a parabola, we can still use this. The criterion for generalization requires convexity, but is probably a distraction at this time.
Consider the line $y=mx+b$. It has to intersect the parabola at $(c,c^2)$, so
first, where does $y=mx+b$ intersect $y=x^2$?
$x^2=mx+b\implies x^2-mx-b=0 \implies x= \frac{m \pm \sqrt{m^2+4b}}{2} $
The discriminant has to be 0, i.e. $m^2+4b=0$, in order for there only to be one common point between the line and the parabola.
This in turn means $x=c \implies m=2c$. So by definition of a tangent line, we need the discriminant to be $0$. This in turn requires $m=2x$, so the slope of the tangent line to $y=x^2$ is $m=2x$ at point $(x,x^2)$.
How do you reconcile this with the $\Delta x, \Delta y$ terms above?
$\frac{\Delta y}{\Delta x}=2x+\Delta x$ makes sense so long as $\Delta x \ne 0$. What are we to make of $\Delta x \to 0$? $
A standard, rigorous definition is $\forall \delta>0, -\delta \le \Delta x \le \delta$. Equivalently, the absolutely value of $\Delta x$ is less than any positive value $\delta$.
Using algebra, we've determined $\frac{\Delta y}{\Delta x}-2x=\Delta x^2$
So $-\delta \le \Delta x \le \delta \implies -\delta^2 \le \frac{\Delta y}{\Delta x}-2x \le \delta ^2$
Here, we've gotten rid of an explicit reliance on $\Delta x$ needing to be $0$.
We have proven algebraically that however small $\delta$ is, The difference between the slope of the secant line to $2x$ is even smaller since $0\le \delta \le 1 \implies 0\le \delta ^2 \le \delta \le 1$.
So we do have an approximation, true. Consider though, every approximation has an error term. Suppose we want a secant line which includes the point $(x,x^2)$ which differs from $2x$ by less than $\epsilon >0$.
We know this difference is $\delta^2<\delta x$. So we are guaranteed an error term $<\epsilon$ if we compose our secant line with points close enough to $x$.
What is close enough? $\Delta x \le \epsilon$ suffices for, algebraically that means $-\epsilon^2 \le \frac{\Delta y}{\Delta x} -2x \le \epsilon^2$
And we know $0\le \epsilon^2 \le \epsilon.$ In other words if our approximation to $x$ for the other point on the secant line is close to $x$, the slope of the tangent line is approximately $2x$ with an even smaller margin of error. And since we argue the difference between $x$ and the putative other point on the secant line is smaller than any positive number, it follows that the error of the slope vs. $2x$ is smaller than any positive number.
From here we assert that given an approximation to a quantity, we assert the approximation is equal to the quantity it self if the absolute value of the error is smaller than any positive number.
We justify this regarding the limits of functions because we do this essentially with any irrational number.
We know $\sqrt{2}$ is irrational. So if we restrict ourselves only to integers or rational numbers, $\sqrt{2}$ does not exist. Let $ A = \{ x \in \mathbb Q, x^2<2\}$
We know $\sqrt{2} \notin A$. We also have that $1 \le x \le \frac{x+2/x}{2}\le \sqrt{2}$
$1\in A$. For any element in $x \in A$, there exists another element greater than $x$ also in $A$. It follows that $A$ has no highest element even though it is bounded. That means $\forall \epsilon >0, \exists x\in A, \sqrt{2}-\epsilon<x<\sqrt{2}$
Thus we can find an element in $A$ that approximates $\sqrt{2}$ with arbitrary accuracy, i.e. given any positive quantity, we can find an element of $A$ which approximates $\sqrt{2}$ more accurately than that. While $\sqrt{2} \notin A$, for any positive error margin, we have an element in $A$ close enough.
This applies to any irrational real number. Any irrational number can be approximated arbitrarily closely by some subset of rational numbers. So we can think of the set of rational numbers to have holes, quantities greater than or less than but never equal to any rational errors, yet so close to rational numbers that approximating these quantities with "close enough" reals allows you to do arithmetic with the reals. In other words, arithmetic with approximations to real numbers can be used in place of arithmetic of actual real numbers with arbitrary accuracy. This is essentially a rigorous definition of a limit which the earlier arguments generalize to functions over the reals.
So despite being approximations, the approximations are arbitrarily accurate, so we have as much justification asserting their equality as we do the existence of $\sqrt{2}$ or other irrational numbers and for much the same reasons.