What does round to the nearest cent mean – Rounding to the nearest cent implies approximating a money amount to two decimals (which represent the number of cents), applying the following rules:
- If the third decimal digit is lower than 5, we leave the second decimal digit as it is.E.g., $4.563 ≈ $4.56,
- If the third decimal digit is 5 or greater, we round up the second decimal digit (increase it by one unit).E.g., $4.567 ≈ $4.57,
- Additionally, if the second decimal digit is 9, we change it to zero and increase the first decimal digit by one unit.E.g., $3.0975 ≈ $3.10, and $2.797212 ≈ $2.80, If the first decimal digit (and the next ones) is also 9, we do the same for it and the figures to the left of it.E.g., $3.9975 ≈ $4.00, and $2.997212 ≈ $3.00,
The previous rules describe the most common rounding mode : half-up, which rounds “halves” towards the upper neighbor and is used by default in this calculator (you can change it in the advanced mode ). Visit our rounding calculator article to learn more about half-up and the other rounding modes.
Contents
- 1 How do you work to the nearest cent?
- 2 What does nearest 5 cents mean?
- 3 What is $34.57 rounded to the nearest dollar?
- 4 How do you round to the nearest 5 cents?
- 5 Is rounding to the nearest cent one decimal place?
- 6 How do you round to the nearest number?
What is the nearest cent mean?
Example 2 – The price of gas is $3.299. Round this to the nearest cent. When rounding money to the nearest cent, look at the number to the right of the full cents. In this case, that number is 9. If the number is five or more, increase the cents by 1. If the number is four or less, keep the cents the same. Because 9 is more than 5, $3.299 rounds to $3.30
What is 720.168 rounded to the nearest cent?
Expert-Verified Answer So, 720.168 $ = 72016.8 cent. Now, by rounding off, = 72017 cent.
How do you work to the nearest cent?
Rules for rounding –
Identify the place value you are rounding to. For example, for rounding currency to the nearest cent use 2 decimal places (hundredths). Look at the digit to the right of this place:
If this number is less than 5 (0, 1, 2, 3, 4) you leave your last digit as it is. If it is 5 or more (5, 6, 7, 8, 9) you increase the value of your last digit by one. Any digits after your place become zeros or are dropped off if they are to the right of the decimal point.
| 1. Round to the nearest cent: | Rounded |
| (a) $72.34 8 3844 | $72.35 |
| (b) $104.23 0 9 | $104.23 |
| (c) $2.39 8 1007 | $2.40 |
| 2. Round to the nearest 100: | |
| (a) 1,2 3 7 | 1,200 |
| (b) 127,8 9 9 | 127,900 |
| (c) 945,555,9 7 2 | 945,556,000 |
The usual rules for rounding apply in most situations when rounding to a whole number. However, in some situations, the correct answer will always require rounding up. For example: Bottled water is sold in packs of 12. How many packs need to be ordered to ensure that all 147 staff get a bottle of water? Calculation 147 ÷ 12 = 12.25Conventional rounding would mean this number would be rounded down to 12.
What is 3.0975 rounded to the nearest cent?
$3.0975 rounded to the nearest cent is $3.10.
How do you round off to the nearest 10 cents?
Rounding to the nearest ten cents, look at the ONE-CENTS digit (the last digit). Round up or down as usual. Rounding to the nearest dollar, look at the TEN-CENTS digit (tenth of a dollar).
What does nearest 5 cents mean?
To round to the nearest 5 cents, round the cents to the nearest multiple of 5. Numbers ending in 1, 2, 6, or 7 round down. Numbers ending in 3, 4, 8, or 9 round up.
Is rounding to the nearest cent one decimal place?
Answer and Explanation: The digit that is two places to the right of the decimal point is the cents digit. Therefore, to round a given number to the nearest cent, we simply round that number to two decimal places.
Which decimal is cent?
What are decimals? – A decimal is another way to write a fraction, You can think of a decimal as a part of a whole number, It is less than 1 whole thing, but more than 0, You may not realize it, but you see decimals a lot in real life. One of the most common examples is money. Do you recognize these coins? We have a quarter, a dime, and two pennies, You could write each of these as a decimal. That’s because each coin is worth less than a whole dollar, Click through the slideshow to learn how decimals work.
This is a dollar. A dollar represents a whole number. It is equal to 1, We could also write that as 1.00, In other words, 1 = 1.00, 1.00 is a decimal, Here, it means we have 1 dollar and 0 cents. As you may already know, there are 100 pennies in a dollar. This means 100 pennies equals 1.00, One penny is part of a dollar. More specifically, it’s 1 cent. We could also write that as a decimal: 0.01, Let’s look at a few more decimals.9 cents is 0.09 of a dollar. A quarter, or 25 cents, is 0.25 of a dollar. Any time you have part of a whole, you can write it as a decimal. Let’s look at another example. This pitcher holds 1 liter of water. Right now it’s full. We could write this as a decimal: 1.00 liters. The pitcher is split into 10 parts, This means each part is equal to 0.10 liters. As the day goes on, the pitcher gets emptier. Now it has 0.70 liters. That’s because we used up 0.30 liters. Now it has 0.50 liters, or half a liter. Now it has 0.20 liters. Even though we have less than one liter, we have more than zero liters, so we can write it as a decimal,
What is 20906 rounded to the nearest hundred?
| Rounded to the nearest hundred | |
|---|---|
| 20,906 | 20,900 |
| 2,090.6 | 2,100 |
| 209.06 | 200 |
What does it mean to round to the nearest tenth?
What does Round to the Nearest Tenth Mean? – Rounding to the nearest tenth means adjusting the given number to an approximate value without changing the whole part of the number. For rounding numbers to the nearest tenth, we need to observe the place values after the decimal point. For example, to round 3.864 to the nearest tenth, we get 3.9
How do I calculate cents?
1 Cent is equal to 435.56 Square Feet and is used in the south Indian states such as Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana.100 Cents make up one acre of land, or in other words, Cent is 1/100th part of an acre so it is used for measuring smaller plots and land parcels of around one acre.
What is 3067.665 round to the nearest cents?
Answer: (a) $3067.665 rounded to the nearest cent is $3067.67.
What is 16.242 to the nearest cent?
16.242 Rounded to the Nearest Cent
| Amount | Rounded to Nearest Cent |
|---|---|
| 16.242 | 16.24 |
| 16.243 | 16.24 |
| 16.244 | 16.24 |
| 16.245 | 16.25 |
What is $34.57 rounded to the nearest dollar?
What is $45.19 rounded to the nearest dollar? – $45.19 rounded to the nearest dollar is $45. As the first decimal digit (1) is lower than 5, to round $45.19 to the nearest dollar, we leave the whole part as it is ($45).
How do you round to the nearest 5 cents?
Key idea. To round to the nearest 5 cents, round the cents to the nearest multiple of 5. Numbers ending in 1, 2, 6, or 7 round down. Numbers ending in 3, 4, 8, or 9 round up.
Do you round up at 50 cents?
What are the IRS guidelines for rounding amounts to whole dollars on a return? In 1120, 1120-S, 1065, 1040, and 1041 returns, the IRS states that you can choose to round off cents to whole dollars on the return and schedules.990 instructions detail that the organization must round off cents to whole dollars on the returns and schedules, unless otherwise noted for particular questions.
Amounts under 50 cents round to zero. Increase amounts from 50 to 99 cents to the next dollar.
For example, $1.49 becomes $1 and $2.50 becomes $3.
If two or more amounts must be added to figure the amount to enter on a line, include cents when adding the amounts and round off only the total.
Beginning in Drake16, there is no longer an option regarding rounding in setup. All amounts will be rounded to the whole dollar to conform with IRS e-file guidelines. Note: The IRS accepts e-filed returns rounded to the whole dollar only. A cent value can sometimes be present in data entry when a return is converted from another software that allows amounts after a decimal place, or if that amount is forced into the box (not recommended). In Drake15 and prior, the option to determine rounding to the Whole Dollar or Penny is located under Setup > Options > Optional Items on Return,
If the Dollars option is selected, only the whole dollar amount (based on rounding rules) will show. If you choose to have returns rounded to the dollar amount, do not enter cents on the entry screens as it could result in rounding errors. Round all amounts before entering them and then the program will round all line calculations to the dollar. If the Penny option is selected, you can enter dollars and cents on the data entry screens and the full, non-rounded amount will show.
Is rounding to the nearest cent one decimal place?
Answer and Explanation: The digit that is two places to the right of the decimal point is the cents digit. Therefore, to round a given number to the nearest cent, we simply round that number to two decimal places.
How do you round to the nearest number?
Rules for Rounding – Here’s the general rule for rounding:
If the number you are rounding is followed by 5, 6, 7, 8, or 9, round the number up. Example: 38 rounded to the nearest ten is 40 1 If the number you are rounding is followed by 0, 1, 2, 3, or 4, round the number down. Example: 33 rounded to the nearest ten is 30
